Property

The vacancy rate in Myeongdong looks to be about 10% to 20% these days, with no vacant stores visible on the main street. (Photo by Kotaro Hosokawa)
Property

Return of foreigners saves properties in Seoul's main shopping district

Skyrocketing vacancy rates in Myeongdong have started to come down to earth

5 November 2023
Singapore asset manager Keppel and Indian real estate developer Rustomjee Group have stakes in a Mumbai residential project named Lavie. (Nikkei montage/Source photos by screenshot from Keppel's website and courtesy of Keppel) 
Property

Singapore's Keppel looks to India amid China's property woes

Temasek-owned asset manager eyes South Asia as Chinese rout continues

2 November 2023
China Evergrande defaulted on its offshore debt nearly two years ago and has been at the center of the country's property sector crisis.
Property

Evergrande told to submit debt plan by Dec. 4 or face liquidation

Hong Kong court says fifth adjournment will be the 'last' for embattled property company

30 October 2023
An unfinished Country Garden project in Tianjin in August: Using state funds to complete such developments will not resolve the property sector's underlying problems.
Opinion

China needs a market support fund -- to rescue property developers

Risk of property market troubles hurting wider economy outweighs moral hazard concerns

27 October 2023
Country Garden, along with Evergrande Group, has been at the center of China's ongoing real estate crisis.
China debt crunch

Country Garden failed dollar bond payment obligation: industry arbiter

China developer's missed deadline could trigger payments in default swap derivatives

26 October 2023
A glut of office space and the expected opening of more commercial towers are likely to weigh further on Hong Kong's slumping real estate market. (Nikkei montage/Source photo by Getty Images) 
Market Spotlight

Hong Kong property market woes pile pressure on government

End of COVID seclusion fails to stimulate real estate demand

23 October 2023
The People's Bank of China has kept benchmark interest rates unchanged for back-to-back meetings.
Economy

China seeks to lower homebuyers' interest payments to boost spending

Rates on existing mortgages move lower while benchmarks hold steady

21 October 2023
A residential complex constructed by Chinese property developer Evergrande Group in Nanning, Guangxi Zhuang Autonomous Region, China.
China debt crunch

China Evergrande says it will revise its restructuring plan

Developer's hearing for U.S. bankruptcy protection in New York postponed

20 October 2023
BHP Group, the world's largest miner based on market capitalization, is carefully watching China's efforts to stabilize a key sector of its economy.
Commodities

BHP chief counts on China taming property crisis to lift economy

CEO of mining giant sees chance of Chinese 'momentum' gaining pace

20 October 2023
The Shanghai Stock Exchange building. The benchmark Shanghai Composite Index has hit a year-to-date low.
Markets

China stocks slide despite Beijing's market support

Shanghai index edges closer to 3,000 precipice on real estate woes

20 October 2023
Real estate developer Country Garden is at the heart of China's property sector woes.
China debt crunch

China's Country Garden says cannot meet external debt obligations

Distressed developer faced 30-day grace period on $15m interest payment

18 October 2023
A bridge links Mumbai's Worli neighborhood with Bandra, home to the fast-growing Bandra Kurla Complex.
Property

Japan's Sumitomo Realty to pump $3.3bn into India development

Developer expands emerging-markets push with Mumbai project

17 October 2023
An image of a hotel in Japan's Ueno district that Nittetsu Kowa Real Estate plans to open in 2024. (Photo courtesy of Nittetsu Kowa Real Estate)
Property

Japan developers boost hotel investment as foreign tourists flood in

Nittetsu Kowa and NTT Urban plan sites tailored for overseas guests

16 October 2023
The Tokyo skyline. Japanese companies are under pressure to increase the performance of their assets.
Finance

Japan's companies consider shedding property to boost value

Jettisoning nonessential real estate seen key to bringing P/B ratios above 1

12 October 2023
Country Garden warned investors in a statement on Oct. 10 that there has "'not been any material, industrywide improvement in property sales."
China debt crunch

China's Country Garden misses debt payment, warns it lacks cash

Private property developer asks for 'patience' as it works with advisers

10 October 2023
Shares in Hong Kong-listed China Evergrande New Energy Vehicle Group resumed trading on Oct. 9. (Source photos by Ken Kobayashi and Reuters)
9 October 2023
Japan's office towers and other pieces of commercial real estate have more stable occupancy rates and profitability compared with those in other APAC countries.
Market Spotlight

Foreign investors flock to Japan to buy warehouses and offices

Low borrowing costs stand out amid 'higher for longer' interest rates elsewhere

9 October 2023
The average full-year forecast for China's economic growth has fallen by 0.5 percentage points to 5% from a previous poll, a quarterly survey of economists conducted Nikkei and Nikkei Quick News showed.
Economy

China economists cut growth forecast to 5% amid property woes

Weak sentiment and real estate crisis continue to weigh on GDP

6 October 2023
Shenzhen logged the worst office vacancy rate among four major Chinese cities in the April-June period.
Property

China office vacancies worse than zero-COVID levels in top cities

Sluggish economic recovery squeezes demand in Beijing, Guangzhou

5 October 2023
The Monetary Authority of Singapore will look into whether further measures are necessary to ensure Singapore's approach to single family offices remains rigorous.
Crime

Singapore focuses on money laundering laws, denies China pressure

Case involving Chinese suspects with $2bn illicit gains spurs regulatory review

3 October 2023
The case of property developer Van Thinh Phat has become symbolic of Vietnam's sweeping crackdown on graft in the public and private sectors.
Property

Vietnam says $1.2bn property bond fraud hurt 42,000 investors

Developer at heart of scandal now a symbol of country's campaign against graft

3 October 2023
Buildings near Evergrande City Plaza in Beijing. China Evergrande and its property service unit resumed trading in Hong Kong on Oct. 3, while its EV arm remains suspended.
China debt crunch

Evergrande and its property service arm resume trading

Electric vehicle unit remains suspended from the stock market

3 October 2023
Unfinished residential buildings in Shaanxi province. Problems in the property market are dragging on the Chinese economy.
Economy

World Bank cuts China's 2024 growth amid property crisis

'Growth shock' from Asia's largest economy affects rest of region: report

2 October 2023
Stream article image
Datawatch

Japan's preference for floating-rate mortgages stokes market fears

Sweden's experience a warning as speculation rises over a BOJ policy U-turn

30 September 2023
Concern about the macroeconomic outlook and real estate problems in China has been prodding overseas investors to unload Chinese shares.
Markets

Foreign investors' net selling of China shares hits 9-year high

Trade via Stock Connect link with Hong Kong sags on property crisis, slowing economy

30 September 2023