Business deals
Sumitomo Forestry to buy U.S. apartment builder JPI for $215m
Japanese developer looks to capture U.S. demand for rental units
China debt crunch
China Evergrande says chairman suspected of crimes
Authorities have taken 'mandatory measures' against Hui Ka-yan: company
Caixin
Former China Evergrande CEO and CFO face probe, sources say
Embattled property giant facing trouble on multiple fronts
China debt crunch
Distressed developer China Oceanwide declared bankrupt in Bermuda
Rival company Aoyuan dips over 70% as trading resumes after suspension
Market Spotlight
China property crisis holds Singapore, Hong Kong REITs back
Asia's real estate shares suffer doldrums as investors tread cautiously
China debt crunch
China Evergrande says it can't issue new debt
Distressed property group blames investigation into subsidiary
Caixin
China's Guangzhou eases homebuying curbs to boost sales
For some districts, limits on number of home purchases no longer apply
Business trends
Fujitsu to move out of Tokyo as remote work takes hold
Smaller cities attract corporate headquarters with lower rents and tax cuts
Travel & Leisure
KKR to support Japan hotel group Unizo through restructuring
Exclusive: U.S. private equity firm seen taking over just Japanese properties
Property
Indonesian consortium launches $1.3bn project at new capital site
Local conglomerates join first Nusantara development by private sector
Comment
Xi Jinping faces impasse in jump-starting China's economy
Attempts at structural reforms frustrated by economic setbacks
US-China tensions
China puts priority on tech race with U.S. over economic growth
Government stimulus measures are small while chip and EV sectors get assistance
Caixin
China's trillion-dollar dilemma of local government 'hidden debt'
Drastic steps may be needed to solve problem driven by COVID, property crisis
Economy
ADB trims developing Asia growth outlook on China risk
ASEAN economies also hit by softening demand for exports
Property
Japan land values rise beyond big cities on flood of overseas money
Areas experiencing tourism, investment and redevelopment booms receive lifts
Economy
China real estate will pull out of slump in 2024-25: economist
Economy needs 3 years, more fiscal spending to recover, think tank researcher says
Market Spotlight
China's top developers lost close to $3bn due to weakened yuan
U.S.-dollar indebted Evergrande, Sunac and Country Garden head the list
Property
Japan Post plans 20-plus redevelopment projects in real estate push
Postal operator seeks to raise rental revenues to diversify earnings
China debt crunch
Evergrande's life insurance arm taken over by new state-owned vehicle
Former poster child for China's inland development shifting to coastal city
Economy
China home prices drop in more cities in August, extending slump
Industrial and retail data improved, but official says still facing 'difficulties'
Property
Bangkok set for $14bn redevelopment spree led by top conglomerates
TCC, Central Group back projects to make Thai capital a bigger destination
Property
Mitsubishi Estate to build large theme park in Yokohama
Slated to open as early as 2031, site will rival size of Tokyo Disneyland
Caixin
China's nationwide property tax plan set for further delay
Long-awaited rollout likely postponed again amid real estate slump
Property
China rule changes may help property market, not wider economy
Still spooked by Beijing's deleveraging push, consumers are not spending
Property
Hong Kong homebuyers flock to rare bargain amid depressed market
Government land sale falters as high interest rates wither purchasing appetite