The Meidi-ya Ginza commercial building site in Tokyo's Ginza shopping district fetched the highest land price per square meter at 42.1 million yen ($300,000), topping the list for the 19th consecutive year.
Economy

Japan land prices see sharpest rise since 1992 on tourism, foreign investment

Commercial land saw a 2.4% jump while residential land rose 0.9 %

17 September 2024
The blockbuster listing of Bajaj Housing Finance is the latest in India's booming IPO market.
IPO

India's Bajaj Housing Finance stock more than doubles in debut

Share price jump values company at $16bn, as IPO market continues to boom

16 September 2024
Sales of Yoma Strategic Holdings' StarCity condos have been robust. (Photo by Nikkei)
Myanmar Crisis

Yangon home prices surge as Myanmar war drives flight to safety

Yoma and other big companies benefit; real estate draws investors fearing currency drop

15 September 2024
PwC, one of the global Big Four accounting firms, is paying a heavy price for its relationship with defaulted Chinese property developer Evergrande.
China debt crunch

China slaps PwC with 6-month suspension over Evergrande audit

Accounting firm fined total of $62m, says it is 'disappointed' in mainland arm

13 September 2024
Analysts say Tokyo Garden Terrace Kioicho, above, would be expected to fetch more than 300 billion yen if sold. (Photo by Hideki Yoshikawa)
Editor-in-Chief’s Picks

Letter from Nikkei Asia's editor: Japan Inc.'s treasure trove

Shin Nakayama shares his weekly reflections and recommendations

13 September 2024
Blackstone and ESR are eyeing the potential for rapid AI adoption in Japan. 
Technology

Blackstone and ESR race to develop AI data centers in Japan

Country's demographics expected to fuel massive demand for labor-saving tech

13 September 2024
New World Development, a property developer under the Chow Tai Fook umbrella, warned in August that it expected to log its first annual loss in two decades. (Photo by Masayuki Kozono) 
Property

Sibling succession race heats up at Hong Kong's Chow Tai Fook group

Chengs compete as key property unit New World Development sinks into red

11 September 2024
Under pressure from investors, big landowners like hoteliers, railway operators and manufacturers are selling off real estate that is no longer central to their business.
The Big Story

Japan Inc.'s 25 trillion yen opportunity: Cashing in on real estate

Railway operator Seibu sets example by putting big Tokyo complex up for sale

11 September 2024
While China is pushing its banks to lend to real estate developers, unfinished apartment buildings can be seen in many cities.
China debt crunch

China's regional banks move quicker to shed bad real estate debt

Net interest margins strained by government pressure to lend more

6 September 2024
Jones Lang LaSalle's real estate transparency ranking gave Japan high marks on sustainability, though it lagged on governance. (Photo by Mizuho Miyazaki)
Property

Japan ranked as Asia's most transparent property market by JLL

Environmental rules spur rise to 11th place while Singapore enters top tier

6 September 2024
Hong Kong's skyline, with the International Finance Centre tower at center, developed by Henderson Land Development. (Photo by Ken Kobayashi)
Property

Hong Kong's major property developers suffer from revaluation losses

Reassessments eat into bottom lines as rents drop in weakening economy

5 September 2024
An apartment complex in Dalian advertises the sale of completed units. (Photo by Kentaro Shiozaki)
Property

China home presales sink to 18-year low amid unfinished properties

Fearing nondelivery, buyers look to completed homes for purchase

4 September 2024
Property developer New World Development's office tower, K11 Atelier King's Road, in Hong Kong. The company has flagged a loss of about $2.6 billion.
Property

New World Development shares tumble as Hong Kong property woes bite

Stock touches 21-year low after developer flags $2.6bn loss for latest year

2 September 2024
Customers look at a model of a Poly housing project in Sanya, Hainan province, in May 2023. The state-backed company is one of several that have seen contracted sales slump.
China debt crunch

China real estate crisis batters state developers seen as better off

Units of 'central companies' hold edge on private peers but log double-digit sales drops

30 August 2024
GIC's purchase of a logistics facility in Yokohama follows the Singapore sovereign wealth fund's acquisition of several other warehouses across Japan last year. (GIC)
Property

Singapore's GIC acquires logistics facility in Japan for $400m

Sovereign wealth fund expands local real estate assets amid e-commerce demand

30 August 2024
With rents up nearly 40% in the last five years and vacancies at under 2%, Australia residents are finding it increasingly hard to secure housing. (Nikkei montage/Source photo by Getty Images) 
Market Spotlight

Australia housing prices, rents surge as supply shortage deepens

Affordability emerges as political issue for Albanese government

26 August 2024
Bank of China joined a growing list of Chinese companies terminating contracts with PwC as the collapse of China Evergrande put the auditor's work in doubt.
Caixin

PwC loses largest China client in wake of China Evergrande storm

Penalties on professional services firm over 'negligence' likely to come soon

22 August 2024
A real estate property developed by Kaisa Group Holdings in Beijing. The company's losses continue to pile up.
China debt crunch

China developers' loss warnings exceed $8bn in past week alone

Kaisa reports more red ink; Sunac takes big blow despite Xi's 'bright prospects'

22 August 2024
A boy swims in a pool at a Vinhomes condominium complex in Ho Chi Minh City: Demand for housing in Vietnam's big cities outstrips supply, buoying prices.
Property

Vietnam's housing market sees green shoots of recovery

Fears of crash subside but apartment shortage persists

22 August 2024
A Kaisa construction site in Shanghai in December 2021: Kaisa says 34% of one creditor group and 36% of another agreed to subscribe to newly issued senior notes and convertible bonds with later maturities.
China debt crunch

Distressed Chinese developer Kaisa gets breather from major creditors

Other players continue to scramble against winding-up petitions and mounting losses

20 August 2024
The Grand Outlet currently houses about 120 shops, featuring international brands such as Coach, Nike and Adidas, and the number will increase to 150 in the future. (Photo by Tomoyoshi Oshikiri)
Retail

Mitsubishi Estate takes on Simon Property in Indonesian outlet malls

After collaborating in Japan, property giants now pursue separate development projects

17 August 2024
Condominiums on the outskirts of Beijing in February. China's biggest cities have seen housing prices fall in the past three years, though not as much as smaller regional hubs. (Photo by Mizuho Miyazaki)
Property

China home prices down 8% from peak, with no end to decline in sight

Government rebuffs IMF call to support property sector despite continued woes

16 August 2024
The Cheung Kong Center II, developed by CK Asset Holdings, in Hong Kong. The conglomerate founded by tycoon Li Ka-shing has been snapping up assets in the U.K. this year.
Companies

Li Ka-shing's CK Group empire accelerates pivot to Europe

London listing, new acquisitions dilute exposure to Hong Kong and mainland China

15 August 2024
Workers at a commercial housing complex under construction by China Vanke in Nanjing, Jiangsu province. Labor disputes involving the property and manufacturing sectors have swelled in the first half of 2024 due to an economic slowdown.
Economy

Strikes hit China's property, manufacturing sectors as growth slows

Labor disputes reflect disparities in the country's social safety net

12 August 2024