Tag - real-estate

 
 

REAL ESTATE

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.
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.
The darkened area surrounding Lahaina shows where the fire spread on the Hawaiian island of Maui on Aug. 13.
WORLD / Society
Aug 23, 2023
After Maui wildfire residents fear land grab may threaten culture
Hawaii's Office of Consumer Protection has warned of people making below-market offers, playing on fears of foreclosure and the cost of rebuilding.
China Evergrande has sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies undergoing restructurings from creditors that hope to sue them or tie up assets in the United States.
BUSINESS / Companies
Aug 18, 2023
China Evergrande files for protection in U.S. bankruptcy court
The company sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies that are undergoing restructuring.
Residential buildings under construction at Tahoe Group's Cathay Courtyard development in Shanghai
BUSINESS / Economy
Aug 17, 2023
China’s housing slump is much worse than official data shows
Industry insiders and economists say China’s official home-price indexes are likely understating the depth of the downturn.
People walk along Shanghai's main shopping area on March 14. China's economic activity data has been missing forecasts, raising worries that the country is approaching a crunch point.
BUSINESS / Economy
Aug 16, 2023
As China's economy slows, economists ask how much worse it can get
The demise of the country's growth has been mistakenly forecast before. Is this time different?
Blackstone is working on more acquisitions in Japan with several bids out and properties like hotels and data centers in the pipeline.
BUSINESS / Companies
Aug 14, 2023
Blackstone eyes more Japan property after selling $4.5 billion
Real estate investments in Japan have been rosy compared to other countries, where rising costs have squeezed finances and workers have shunned offices.

Longform

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