China's government has set a GDP growth target of "around 5% for this year.
Economy

China economists forecast GDP growth slowdown to 5.1% in Q2

Official annual target of 'around 5%' in sight, but pressure for support grows

4 July 2024
CapitaLand plans to complete its third Japanese lyf building, this one in Tokyo's Shibuya, by 2024. (CapitaLand image)
Property

Singapore's CapitaLand charts Japan real estate buying spree

In bid to diversify from China, property group targets 'workcation' and logistics sites

4 July 2024
The Zhongzhi Enterprise Group office building in Beijing is the apex of 247 related companies that the liquidator would like to treat as a single entity for the benefit of creditors. 
China debt crunch

Chinese shadow bank Zhongzhi's liquidation prompts fallout fears

Liquidator seeks consolidation in 'complicated' case with 'enormous' debts

2 July 2024
Hoshino Resorts Tomamu, a ski resort, highlights Hokkaido's natural beauty. (Hoshino Resorts)
Business deals

China's Fosun to sell Hokkaido ski resort for $250m

Conglomerate jettisons Hoshino Resorts Tomamu amid real estate slump

2 July 2024
The average land price in Japan rose 2.3% in 2024 from a year earlier, logging its third consecutive year of gains, the country's land ministry reported on July 1.
Property

Japan land price rises over 2% for 1st time amid post-COVID bounce

Twenty-nine out of 47 prefectures see rises; Fukuoka has biggest gains

1 July 2024
A public housing complex in Hong Kong.
Caixin

Hong Kong's talent pass program drives up housing rents

While professionals from outside bolster rents, house prices are falling again

30 June 2024
The Beijing skyline. Sino-Ocean Group Holding has become the latest mainland Chinese property developer to face a liquidation petition.
China debt crunch

Chinese developer Sino-Ocean hit with liquidation petition by U.S. bank

Market watchers expect more consolidation despite Beijing's industry rescue effort

28 June 2024
A rendering of CapitaLand Investment's OMEGA 1 Bang Na automated storage facility in Thailand. The company plans to add industrial assets in the country, Malaysia and Vietnam. (Image courtesy of the company)
Supply Chain

Singapore's CapitaLand focuses on Vietnam as supply chains leave China

Property manager also eyes industrial park in Malaysian special economic zone

28 June 2024
The rescue package by the People's Bank of China, the country's central bank, is widely deemed to be "insufficient" by market watchers. (Photo by Mizuho Miyazaki) 
China debt crunch

China's 'too small' property rescue leaves market wanting more

Shimao wind-up case paused until July 31 as developers, banks face more pressure

26 June 2024
Under plans to ease regulations on property ownership in Thailand, foreigners will be able to lease land for 99 years. (Photo by Ken Kobayashi)
Property

Thailand to court foreign buyers amid condominium supply glut

Government to ease rules as domestic purchasing power weakens

26 June 2024
Apartment buildings in Beijing. Midea Real Estate Holding plans to spin off its residential property business, amid a protracted crisis in the Chinese sector. (Photo by Mizuho Miyazaki)
China debt crunch

China's Midea Real Estate shares soar on property development spinoff

Distressed developer Kaisa warned against further adjournment in wind-up case

24 June 2024
The headquarters of property developer Country Garden Holdings in Foshan, China. Country Garden is one of several Chinese developers that are struggling.
China debt crunch

China to create fund to rescue financial companies

Move meant to avert financial crisis stemming from real estate market slump

24 June 2024
Riverpark North will offer homes and a megamall. (Rendering courtesy of Federal Land NRE Global)
Property

Japanese-style suburban communities set to pop up outside Metro Manila

Nomura Real Estate embarks on project with Philippine partner Federal Land

22 June 2024
Asset World CEO Wallapa Traisorat provides details about the food-themed Phenix retail center at a media event. (Photo obtained by Nikkei)
Food & Beverage

Thai developer AWC to open Bangkok retail center with 265 restaurants

$272m food-themed facility targets demand from foreign tourists

18 June 2024
Japan's abandoned house crisis is fueling a vicious cycle, with prospective homeowners being put off from buying nearby property due to concerns about pests, overgrowth and security. (Photo by Nikkei)
Property

Japan's abandoned houses wipe $25bn off nearby property value

Safety concerns lead to more unsold homes, exacerbating the problem

18 June 2024
China Vanke, formerly a darling of China's stock market and real estate industry, has become a "fallen angel" -- a bond issuer whose credit ratings have been degraded to uninvestable status. (Source photo by Getty Images)
Market Spotlight

China Vanke: the poster child of a now-troubled property sector

'Fallen angel' struggles to stabilize sales as consumer and investor confidence fades

17 June 2024
Country Garden Holdings saw sales volume drop 81% on the year in May despite government measures to purchase unsold housing stock. (Photo by Yusuke Hinata)
China debt crunch

China real estate firms see 4% sales growth after state help

Government measures to purchase unsold homes only had limited effect

14 June 2024
The excitement of Xi Jinping's Belt and Road, announced in 2013, convinced a developer to build an island and city off the coast of Malaysia. Now China's property sector woes have left investors in unbearable financial straits. (Nikkei montage/Source photos by Yusuke Hinata and Reuters)
China up close

Analysis: Xi Jinping's Belt and Road leaves Malaysia with a 'ghost' island

Forest City project in Johor remains in limbo as Beijing prepares for key meeting

13 June 2024
China Evergrande New Energy Vehicle Group's factory in Tianjin, which has been hit with a suspension order.
China debt crunch

Evergrande EV unit's shares fall on order to repay over $260m in subsidies

Tianjin factory told to suspend production, sales of new cars as pressure builds

12 June 2024
China's real estate companies are struggling as homes like these from China Evergrande Group have gone unsold and unfinished.
Property

Property developer Dexin China ordered to liquidate by Hong Kong court

Midsize player joins bigger compatriot Evergrande in facing reorganization

11 June 2024
 Offices and residential buildings crowd in Bangkok. (Photo by Ken Kobayashi)
Myanmar Crisis

Arrests spook Myanmar condo buyers shifting wealth to Thailand

Myanmar clients behind only Chinese in Thai market in Q1

11 June 2024
Demand for multiunit housing continues to flag in the U.S., but the supply of condos under construction has yet to peak in the Sun Belt.
Datawatch

Fears mount of a crash in the U.S. condo market

Multifamily housing prices drop 20% even as property loans soar

8 June 2024
Keppel's new Sindora Living facility is located in the Chinese city of Nanjing. (Keppel)
Companies

Singapore's Keppel opens first luxury senior home in China

Amenities include fitness equipment and pool in first Asian location for conglomerate

7 June 2024
High-rise condominiums outside Beijing. Many cities are grappling with an oversupply of housing. (Photo by Mizuho Miyazaki)
Property

China curbs housing development to fight supply glut

Land sales restrictions could hit 40% of big cities, hurting key income stream

7 June 2024
An incomplete Country Garden project in Shanghai in February: Approximately 9 million presold homes are at risk of nondelivery to buyers.
Opinion

More muscle will be needed to turn China's property market around

Stock buying sentiment has improved but homebuyers need more convincing

3 June 2024