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November 21, 2024
 

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REAL ESTATE

In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
CULTURE / Books
Nov 21, 2024
'Tokyo Swindlers': Get deep into the minds of real estate con artists
Ko Shinjo’s novel, a bold exploration of the twisted psyches of criminals, is best appreciated as a companion work to the recent Netflix series of the same title.
Tokyo Gas’ LNG terminal in Sodegaura, Chiba Prefecture
BUSINESS / Companies
Nov 20, 2024
Tokyo Gas shares jump most since 1987 after activist fund discloses major stake
Elliott Investment Management said it now owns more than 5% of Tokyo Gas and may make "important proposals” to the utility provider.
A lobby lounge of a luxury hotel inside Tokyo Garden Terrace Kioicho in Tokyo's Chiyoda Ward
BUSINESS / Companies
Nov 20, 2024
Blackstone nears $2.6 billion deal to buy Seibu’s Tokyo complex
Any sale around that amount would make it one of the most expensive single real estate transactions in Japan.
High construction costs due to rising material and labor costs continue to push up sales prices of new condominiums.
BUSINESS / Economy
Oct 22, 2024
Tokyo-area condo price hits new high in first half of fiscal 2024
The average price in the area, which includes Tokyo, Saitama, Kanagawa and Chiba, rose 1.5% from ¥78.36 million a year earlier.
A condo complex in Tokyo
JAPAN
Oct 19, 2024
Japan's land ministry eyes bill to prevent overpriced condo repairs
The ministry plans to impose supervisory penalties on companies that are found to be in violation of the rules.
The average price of new condos in Tokyo's 23 wards in the first half of this year stayed over ¥100 million and a notable wave of price increases was observed in urban areas surrounding Tokyo.
BUSINESS
Oct 7, 2024
Tokyo area condo prices remain sky-high
The average price of new condos in central Tokyo's densely populated 23 wards stood at ¥108.55 million in the first half of this year.
Residential buildings in the Toyosu area in Tokyo, Japan, on Feb. 11, 2023. If rising rates on real estate investment loans are seen as a burden, people may become more cautious about acquiring properties for leasing, experts warn.
BUSINESS
Sep 25, 2024
Tokyo home prices are seen to largely withstand BOJ rate hikes
The days of making large profits from property in Tokyo may be over
Southeast Asian cities like Bangkok are benefiting from an influx of global trade and investment following years of deteriorating commercial relations between the U.S. and China.
BUSINESS
Sep 23, 2024
Thai scion bets U.S.-China feud will ease office glut
Thailand approved over $13 billion in investments in the first half of the year, up 35% from the same period in 2023, driven by Chinese and Singaporean investors.
A woman passes an "akichi" (vacant lot) in Bunkyo Ward, Tokyo. The capital is littered with such small lots in part because of Japan's aging and shrinking population.
JAPAN / Society / Longform
Sep 21, 2024
Dealing with rising land vacancies as Japan shrinks
"Akichi," or vacant plots of land, are nothing new to the urban landscape. As the population decreases, however, the challenge is how to handle their steady increase.
Rapidus' new semiconductor plant under construction in Chitose, Hokkaido, in July
BUSINESS / Companies
Sep 18, 2024
New high-profile chip plants driving up nearby land prices across Japan
Expectations for growth in demand for semiconductors has boosted demand for commercial and industrial plots, and housing.
Tokyo's Ginza area marked the highest commercial land prices this year for the 19th consecutive year.
BUSINESS / Economy
Sep 17, 2024
Japanese average land price rises for third consecutive year
Overall land prices showed the first increase in 32 years in locations outside the three metropolitan areas of Tokyo, Nagoya and Osaka.
A Tokyo Star Bank branch in Tokyo
BUSINESS / Companies
Sep 13, 2024
Tiny Japan bank looks to grow by lending to offshore homebuyers
Japan’s weak yen and low interest rates have drawn overseas interest in Japanese property and boosted prices.
Hong Kong’s property tycoons are eagerly awaiting interest rate cuts by the Federal Reserve due to their struggles with slow home sales, vacant office buildings and tenants pushing for lease renegotiations.
COMMENTARY / World
Sep 12, 2024
The Fed is making Hong Kong's billionaire landlords anxious
Many Hong Kong property companies have significant amounts of debt at floating interest rates tied to Hibor, which tracks the Fed's rate changes.
An abandoned house in Urayama, Saitama Prefecture. Buying an <i>akiya</i>, which means empty house in Japanese, can be a rewarding experience that yields a unique space and a livable home, competitively priced. Or it could turn out to be a money pit.
BUSINESS / Economy
Sep 2, 2024
First lesson of Japan’s akiya gold rush: No such thing as a free house.
Renovations are usually the most expensive part of the journey and the laundry list of what needs to be done is long and tends to get longer after the process starts.
Factory activity in China contracted for a fourth straight month in August, with subindexes showing deepening deflationary pressures.
BUSINESS / Economy
Sep 2, 2024
China faces calls for stimulus as growth engines stall amid property woes
Factory activity contracted for a fourth month in August, with subindexes showing deflationary pressures and latest sales figures showing a worsening residential slump.
High-rise buildings under construction in Tokyo in November last year
JAPAN
Aug 24, 2024
Japan looks to expand preferential measures for Flat 35 home loans
The measures to lower interest rates for those who acquire energy-efficient or earthquake-resistant houses are currently applied only to newly made loan contracts.
The land ministry is planning to create a system in which the central and local governments would evenly shoulder part of the demolition costs that condominium management associations should pay.
JAPAN
Aug 23, 2024
Japanese government to subsidize demolition of old condo buildings
The land ministry is planning to subsidize such demolitions from the fiscal year beginning April 2025.
Japan's personal mortgages are set to rise for the first time in a generation following the Bank of Japan's rate hike.
BUSINESS / Economy
Aug 1, 2024
Japan’s ultralow mortgages to see first increase in 17 years
Mitsubishi UFJ Financial Group said it plans to increase the short-term prime rate for the first time in 17 years in September.
Japan's most expensive plot of land lies in front of Kyukyodo stationery store in Tokyo's Ginza shopping district, according to National Tax Agency statistics.
BUSINESS / Economy
Jul 1, 2024
Japan's land prices rise at fastest pace since 2010, tax agency says
Average land prices climbed 2.3% last year, rising for the third straight year.
Shanghai’s luxury real estate market is a bright spot in China’s bleak property sector.
BUSINESS / Markets
Jun 25, 2024
China’s rich spend millions on Shanghai property, bucking crisis
It’s the only one among the country’s mega cities that still attracts people to put down money in an asset class that has otherwise been abandoned.
Ishiba delays meeting with Trump, citing legal restrictions
Prime Minister Shigeru Ishiba waves upon arrival for the Asia-Pacific Economic Cooperation forum, in Callao, Peru, on Friday.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

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SWCC keeps changing with keyword ‘new challenges’

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