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
Kaisa Group Holdings is one of several Chinese property developers facing winding-up petitions.
China debt crunch

China's Kaisa Group liquidation hearing adjourned by Hong Kong court

Property developer hopes to strike deal to restructure $12bn in offshore debt

12 August 2024
Tokyo Skytree is seen through condo buildings in the downtown of Japan's capital city. (Photo by Konosuke Urata)
Property

Condo prices in Tokyo's Roppongi triple 10 years after built

Foreign buyers see Japan property as relatively inexpensive

11 August 2024
China's central government is encouraging local governments to acquire property and build affordable housing on it. (Photo by Mizuho Miyazaki)
China debt crunch

China taps public debt to buy unused land from developers

New response to property slump risks further financial woes for local governments

9 August 2024
Swire owns exclusive rights to manufacture, market and distribute Coca-Cola products in 11 Chinese provinces and the city of Shanghai.
Food & Beverage

Swire's China Coca-Cola business mired in 'subdued' spending

Group turns toward Southeast Asia with 'appetite' for residential property

8 August 2024
Workers get lunch from roadside stalls near buildings under construction in Shenzhen's Qianhai New District, a commercial development sector of the city. The city government has begun to convert unsold apartments within its jurisdiction into affordable housing 
Property

Shenzhen throws weight behind China's drive to absorb unsold homes

City joins nationwide plan to convert abandoned projects into affordable housing

8 August 2024
Daiwa Securities aims to keep more of its wealth management services in-house by offering the loans.
Wealth Management

Japan's Daiwa to launch property loans in wealth management push

Group renews focus on high net worth clients by financing deals $2m and up

8 August 2024
China Evergrande Group has more than $300 billion in liabilities.
China debt crunch

Evergrande unit Kailong hit with investor liquidation petition in China

Mainland court reviewing case filed by Shenzhen-listed appliance maker Vanward

7 August 2024
Pre-owned homes for sale displayed at an real estate agent on June 26.
Caixin

Hong Kong pre-owned property prices hit eight-year low

While house prices continue to fall, rental market remains robust

7 August 2024
The skyline of Shenzhen, China. The country has been struggling to recover property investment sentiment since it launched a crackdown in 2020. (Photo by Yusuke Hinata)
Market Spotlight

As China's property market slumps, foreign investors get pickier

Singapore capital ticks up while Western buyers shy away from commercial sites

5 August 2024
President Xi Jinping must know property-related tax reform is needed, but party cadres with vested interests stand in his way. (Nikkei montage/Source photos by Yusuke Hinata)
China up close

Analysis: 'Chinese dream' gives way to an urban legend in Shenzhen

Real estate heartache leads to a tale of couples feigning divorce to get a loan

1 August 2024
Plaza 66, located on the ritzy Nanjing Road in downtown Shanghai, is the major breadwinner for Hong Kong's Hang Lung Properties but has suffered from changing consumer behavior.
Property

Hong Kong developer Hang Lung's shares sink 15% after profit cut

Revenue decline at high-end mainland shopping malls 'worse than expected'

30 July 2024
A Country Garden construction site in Kunming, China, in September 2019. The embattled developer's wind-up case in a Hong Kong court has been adjourned until January 2025.
China debt crunch

China property winding-up sagas show difficulty of recovering assets

Country Garden gets six-month respite as other cases highlight 'enforceability' problem

29 July 2024
Stream article image
Environment

NIKKEI Film: Wooden skyscrapers in the city of the future

Designers dream of 'green' high-rise buildings surpassing 350 meters

27 July 2024
China has "come to the end of its growth model" as the property slump continues to weigh on its economy, said GIC chief investment officer Jeffrey Jaensubhakij.
Property

GIC shifts to 'niche' real estate deals in China amid oversupply

Singaporean investor to reorient local team to make bets more granular

24 July 2024
The number of supposedly zero-energy homes that do not fully meet the qualifying criteria continues to increase in Japan, driven by the government's relaxation of subsidy standards aimed at encouraging their construction.
Datawatch

Over 30% of Japan's zero-energy homes fall short of requirements

An increase in below-standard houses could hamper its decarbonization efforts

20 July 2024
Though nickel is also used in EV batteries, its primary use is in stainless steel.
Commodities

Nickel prices hit 5-month low on sluggish China consumption

Country's ongoing property slump saps demand for new building materials

18 July 2024
The restaurant at Mori Trust's 'Shisui, a Luxury Collection Hotel, Nara', located in the city of Nara, the 8th century capital of Japan. (Photo by Tetsuo Takada) 
Travel & Leisure

Japan's Mori Trust bets on wealthy tourists in bullish forecast

Real estate developer predicts a surge in foreign arrivals and spending this year

16 July 2024
Brightland Homes is one of Sumitomo Forestry's U.S. builders. (Sumitomo Forestry)
Construction

Florida and Texas property markets draw Japanese homebuilders

Daiwa House, Sekisui House and Sumitomo Forestry sell more homes in U.S. than in Japan

16 July 2024
The Chinese government announced plans in May to buy unsold homes to bolster the property market. (Photo by Mizuho Miyazaki)
Property

China's new home prices extend slide despite steps to prop up market

91% of top cities logged declines in June with average price falling for 13th month

16 July 2024
Beijing's Central Business District. China is aiming for GDP growth of "around 5%" this year.
Economy

China GDP growth slows to 4.7% in Q2, missing forecasts

Result raises stakes for third plenum as property woes, weak demand 'hit brakes'

15 July 2024
Guangzhou, the capital of Guangdong province, sold only four residential land lots in the first half of 2024.
Caixin

China land sales tumbled by more than a third in first half of 2024

Loss of land auction revenue leaves provinces reliant on government transfer payments

15 July 2024
A view of the construction site of a residential project developed by Vanke in Nanjing
China debt crunch

China Vanke 'deeply apologizes' for $1bn loss

Moody's withdraws Country Garden's rating due to 'insufficient information'

10 July 2024
China's property crisis has sparked a slew of wind-up petitions against mainland developers.
China debt crunch

China's Guangzhou R&F Properties faces liquidation petition in Hong Kong

Motion filed against unit Trillion Glory over $613m outstanding debt

9 July 2024
President Joe Biden arrives at the U.S. Military Academy in the state of New York in May. The U.S. wants to expand rules allowing reviews of land purchases near military bases.
Politics

U.S. seeks security review of land buys near more military bases

Chinese-owned property near missile base received divestment order in May

9 July 2024