Fecon Chairman Pham Viet Khoa speaks to Nikkei on May 31 in Tokyo. (Photo by Yukinori Okamura)
Interview

Vietnam builder Fecon seeks Japan partners for new projects: chairman

Pham Viet Khoa eyes collaborations in urban development and renewable energy

1 June 2024
A Chinese flag flutters in front of the logo of China Evergrande Group in Shanghai in September 2021.
China debt crunch

China announces Evergrande fine amid speculation over auditor PwC's fate

Regulatory body issues statement two months after developer disclosed penalty

31 May 2024
Foreign investors are snapping up properties in areas like Tokyo's Minato Ward.
Property

Tokyo and Osaka see world's sharpest rise in condo prices

Weak yen pulls Asian money into relatively cheap Japan market

31 May 2024
China's huge stock of unsold housing has led to a steep drop in land-usage sales to developers by local governments.
China debt crunch

China's 'hidden' defaults reflect weak local government finances

State homebuying program aims to revive land sales to cover off-the-books debt

29 May 2024
Overlooking Tokyo Bay, Harumi was a wharf and shipyard area until the 1980s that has been developed into a commercial and residential area. (Source: Mizuho Miyazaki)
Property

Location is key in Tokyo office market's bifurcated recovery

70% attendance has become 'new normal' as hybrid work remains popular

20 May 2024
Unfinished residential buildings developed by China Evergrande Group stand in the outskirts of Shijiazhuang, Hebei province, on Feb. 1.
China debt crunch

China unveils $41bn lending program to 'digest' unsold properties

Mortgage rates lowered as vice premier vows to fight risk of 'unfinished' projects

17 May 2024
A construction site for Country Garden condominiums is seen in Beijing in August 2023.
China debt crunch

Country Garden wind-up case adjourned as policy support hopes rise

Hong Kong judge sets next hearing for June 11; mainland to hold housing briefing

17 May 2024
Dubai's real estate market has attracted a lot of investment from overseas and achieved high growth. 
Terrorism

Terrorist groups suspected of funneling money to Dubai properties

'Dubai Unlocked' project finds individuals with alleged links to Hezbollah, Houthis among owners

15 May 2024
Apartments in Xi'an, the capital of China's Shaanxi province. The city, along with Hangzhou, became the latest to drop restrictions on home purchases as the country attempts to revive its real estate market.
Property

Chinese cities' last-ditch property easing exposes limited toolkit

Removal of curbs in Hangzhou and Xi'an highlights dilemma for buyers and sellers

13 May 2024
Condominiums in central Tokyo are relatively inexpensive compared to those in cities like New York, Hong Kong and London. (Photo by Konosuke Urata)
Property

Weak yen sends central Tokyo condo resale prices soaring

Foreign investors also swayed by rental income and trends in other global cities

11 May 2024
The Phoenix Seagaia Resort is in the southwestern Japanese city of Miyazaki. (Sega Sammy)
Business deals

Japan's Sega Sammy to sell seaside resort to U.S. investment firm Fortress

Move comes as Seagaia swings back to profit amid tourism boom

10 May 2024
Jollibee founder Tony Tan is part-owner of the Philippine real estate company DoubleDragon, which fully owns the hospitality brand Hotel101. (Nikkei montage/Source photos by Getty Images and Hotel 101) 
IPO

Jollibee founder Tony Tan backs hotel SPAC deal despite lull in IPOs

Philippine fast-food king plans to disrupt hospitality sector with Hotel101

7 May 2024
China's real gross domestic product was up 5.3% year-on-year in January to March thanks in part to production increases.
Economy

China manufacturing rebound brings trade frictions with West

Facing soft domestic demand, Chinese companies sell EVs, solar panels overseas

4 May 2024
Construction workers at a housing project in Hangzhou on March 31: Construction saw the largest decline of any industry in the share of rural migrant workers employed last year in China.
Caixin

China's rural migrant workers seek jobs closer to home

Property business slump prompts labor shift from construction to services

4 May 2024
A Country Garden residential development project in Tianjin. The property sector and related businesses account for about 30% of China's GDP.
Companies

Corporate China suffers first profit decline in 5 years

Property woes weigh on steelmakers and more, while auto sector rides EV wave

3 May 2024
Plans for the old Tsukuji market site in Tokyo include a 50,000-seat stadium shown on the left in this artist's rendering. (Tokyo Metropolitan Government) 
Property

Why one of Japan's biggest real estate projects is tapping Toyota

Mitsui Fudosan looks to spread risk for $5.8bn Tsukiji market redevelopment

2 May 2024
Abandoned homes are susceptible to pest and structural problems, making them a potential danger to their neighbors. (Photo by Kenichiro Kamata) 
Property

Japan's abandoned homes increase 80% in 20 years

Record 13.8% stand empty amid demographic decline

1 May 2024
Shanghai's Lujiazui neighborhood in 2023. The supply glut has caused a drop in rents, and new office space offered in Shanghai in the next six months could hit a new high compared with the same period in the past several years. (VCG)
Caixin

Shanghai prime office vacancies near 20-year high

Vacancy rate of grade-A office buildings reached 20.9% in first quarter

29 April 2024
Unfinished residential buildings in Tongchuan, in China's Shaanxi province, in September 2023.
China debt crunch

China's distressed property developers reveal wave of job cuts

Defaulted companies carry out double-digit reductions as revenues fall, debts pile up

26 April 2024
The headquarters of SM Prime Holdings in the Philippine city of Pasay.
Property

Philippine SM Group to invest $2bn in 2024, boost property segment

Bouyed by healthy consumer business, conglomerate to expand capex by 40%

24 April 2024
A core unit of China Evergrande Group was fined by Chinese authorities for overstating two years of revenues.
China debt crunch

Hong Kong regulator to probe PwC over China Evergrande audits

Whistleblower report claims years of ignoring property developer's misconduct

23 April 2024
Singapore's GIC is reportedly considering the sale of a Hilton hotel in Fukuoka, left, while railway operator Seibu hopes to raise up to $2 billion through a sale of an upscale office and hotel complex in central Tokyo. (Source photos by Kyodo)
Market Spotlight

Hotels are new darling of foreign investors in Japanese property

Deals expected to maintain 2023 levels, thanks to weak yen

22 April 2024
The site was once occupied by the famed Tsukiji fish market, which has since moved on to a larger location. (Photo by Konosuke Urata)
Property

Mitsui Fudosan to lead $5.8bn redevelopment of Tokyo's Tsukiji market

50,000-seat stadium, commercial facilities, hotels and more planned for site

20 April 2024
New townhomes are seen in a subdivision in Tampa, Florida.
US-China tensions

Florida ban on Chinese buying property goes to U.S. appeals court

Law has chilling effect for Asian Americans in general, say plaintiff's supporters

19 April 2024
Embattled Chinese developers are facing a slew of petitions from creditors.
China debt crunch

Developer Times China faces winding-up case from HSBC unit

Shares plunge 37% after Hang Seng Bank files petition in Hong Kong

17 April 2024