Tag - real-estate

 
 

REAL ESTATE

Hiroshi Watanabe, former Japanese currency policy chief and onetime head of  the Japan Bank for International Cooperation, speaks during an interview in Tokyo.
BUSINESS / Economy / ANALYSIS
Oct 15, 2023
IMF warning on China puts 'Japanization' risk in spotlight
Stalling inflation and a deepening real estate crisis were said to be among the biggest risks to global growth during a recent IMF and World Bank meeting.
Visitors walk along the Marina Barrage water catchment area in Singapore in 2009.
BUSINESS / Markets
Oct 10, 2023
Singapore fighting rising seas to save $50 billion in real estate
During a half-century of independence, Singapore has fought to expand its territory, inch by hard-won inch. On the tip of the Malaysian peninsula, the island city-state piled up sand to expand its coastline and reclaim land from the sea.
The average price for a new condominium in central Tokyo rose 60% to a record ¥129.6 million ($865,000) in the first half of this year.
BUSINESS / Economy
Oct 4, 2023
Surging Tokyo property prices squeeze out young professionals
The average price for a new condominium in central Tokyo rose 60% to a record ¥129.6 million ($865,000) in the first half of this year.
An office lobby floor inside the new high-rise building Station Tower at Toranomon Hills
BUSINESS / Companies
Oct 4, 2023
Toranomon area continues to rise as Tokyo’s business hub
The massive Toranomon Hills project has helped the area become one of Tokyo's major business centers.
Mori Building's Azabudai Hills complex in Tokyo's Minato Ward, which will house offices, shops, apartments, hotels and a school, is set to open in November
COMMENTARY / Japan
Oct 2, 2023
While Manhattan’s offices stay empty, Tokyo keeps building
Remote working has decimated offices in cities like New York and London. But Tokyo's workspaces have bounced back, also thanks to new builds.
Four major Japanese banks have announced they will raise their 10-year fixed housing loan rates for the third consecutive month in October.
BUSINESS
Sep 30, 2023
Four major Japanese banks to raise housing loan rates in October
The hikes come as Japanese government bond yields rise after the Bank of Japan effectively raised its 10-year JGB yield cap to 1% from 0.5% in July.
China Evergrande Group Chairman Hui Ka Yan
BUSINESS / Companies
Sep 27, 2023
Evergrande’s billionaire chairman Hui under police surveillance
Hui was taken away by Chinese police earlier this month and is being monitored at a designated location. It’s not clear why he is under surveillance.
Workers in front of residential buildings under construction at the Phoenix Palace project, developed by Country Garden Holdings, in Guangdong province, China, on Sept. 21
BUSINESS / Markets
Sep 26, 2023
China’s ailing property market faces key test over golden week
The stakes are higher than ever this year, as the housing slowdown weighs on China’s economic recovery.
International investors are investing more money into hotels because of Japan's post-pandemic tourism boom.
BUSINESS / Economy
Sep 24, 2023
Singapore is Japan’s top property investor in 2023, report says
International investors are also attracted to Japan's low borrowing costs, and putting more money into hotels because of a post-pandemic tourism boom.
Several factors are pushing up Japan’s land prices: foreign tourism, a return of manufacturing to the country and the change in work practices after the COVID-19 pandemic.
EDITORIALS
Sep 22, 2023
Rising land prices are a cause for celebration and concern
The government said real estate prices across Japan rose 1% from the preceding year, the first such national increase in over three decades.
Many of the wealthy in Japan are becoming more keen to park their cash in private assets like equity, credit and real estate that aren't traded in public markets.
BUSINESS
Sep 20, 2023
Brokers tap demand for private assets among Japan's wealthy
Private assets are booming globally after decades-high inflation and rapid interest-rate hikes weighed on both shares and bonds.
The Meidi-ya Ginza commercial building in Tokyo is pictured on Sept. 12.
BUSINESS / Economy
Sep 19, 2023
Residential land prices in regional Japan up for first time in 31 years
Across Japan, average overall land prices climbed 1.0% for the second consecutive year of increase.
Shi Tieniu, 39, sits in a room of an unfinished residential building at Gaotie Wellness City complex in Tongchuan, Shaanxi province, China.
ASIA PACIFIC / Society / FOCUS
Sep 18, 2023
Broken dreams, shattered families in China's unfinished apartments
Since the property debt crisis began in 2021, thousands of homeowners have faced tough situations as smaller developers face liquidity issues.
In a city known for sparse youth accommodation, investors are buying up hotels and converting them into student housing or rental units.
BUSINESS / Markets
Sep 14, 2023
Investors scour Hong Kong hotels for student dorms and rentals
Hong Kong’s government has launched a slew of initiatives that fuel the demand for student housing and rental properties.
Buildings in downtown Bozeman, Montana. Tech-savvy Californians who work from home are fleeing to cheaper states, while retirees and nature lovers are flocking to places like Montana.
WORLD / Society
Sep 12, 2023
Pandemic population boom in rural hotspots sparks resentment
In some places, the influx of new residents is deepening political divides in an already polarized country.
The Shiodome City Center building in Tokyo's Minato Ward
BUSINESS / Companies
Sep 6, 2023
GIC considering sale of Tokyo skyscraper for over $2 billion
The sale plans come as a glut of new office supply is expected in Tokyo over the next two years, potentially tempering investor appetite.
An air raid shelter converted into luxury apartments at Ungererstrasse 158 in Munich, Germany
BUSINESS / Economy / ANALYSIS
Sep 4, 2023
Market flop: How Germany's property boom ended
The country's property sector in Europe's largest economy is suffering its worst slump in decades.
A construction site where many tall apartment buildings have been constructed in recent years, in Parramatta, Sydney
ASIA PACIFIC / Society
Sep 1, 2023
Build up, not out: The high density housing push for Australian cities
With the construction industry struggling amid elevated costs and decade-high interest rates, housing affordability has become a thorny political issue.
The Financial Services Agency said in its annual policy guidance that overseas real estate is among the credit risks to watch this year and that it will assess major banks' "situation of loans” made in this sector.
BUSINESS
Aug 30, 2023
Japan regulator to evaluate banks’ commercial property exposure
Commercial real estate has become one of the highest-profile asset classes hit by rapid rate hikes.
Materials derived from cabbage (left), iyokan (center) and onion by Tokyo-based startup Fabula, which is working to develop new materials that can replace concrete.
ENVIRONMENT / Sustainability / OUR PLANET
Aug 27, 2023
Japan’s scrap-and-rebuild culture faces an environmental reckoning
The nation's tendency toward new construction — rather than renovation — is coming under renewed scrutiny amid concerns over sustainability.

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals