Astro Japan Property Group (ASX: AJA) today announced that its Japan asset manager, Spring Investment Co., Ltd (Spring), in which AJA has a 25% interest, has disposed of its shareholding in Sekisui House SI Asset Management, Ltd. (SSA). SSA is the manager ... ( read original story ...)
BRIEF-Japan Retail Fund Investment sells property and buys property
Says it sold Fukuoka-based property for 6.08 billion yen as planned on Jan. 26 * Says it buys Osaka-based property for 9.98 billion yen as planned on Feb. 27 Source text in Japanese:goo.gl/cFze6v; goo.gl/0rkKa2 Further company coverage: (Beijing Headline News) ( read original story ...)
BRIEF-Nissen sells Tokyo-based property for 965 mln yen
* Says it has sold a land and building property located in Tokyo, Japan, for 965 million yen in all Source text in Japanese: goo.gl/QDwQb7 Further company coverage: (Beijing Headline News) ( read original story ...)
Things are looking up for Tokyo property
Sigrid Zialcita, Cushman & Wakefield, says low mortgage rates and a weak Japanese yen make the housing market in Japan attractive. Valuations are high. Here's what you can do ( read original story ...)
Astro Japan Property : Acquisition of New Hotel in Fukuoka
Astro Japan Property Group (ASX: AJA) today announced the acquisition of a newly constructed hotel in Fukuoka for a purchase price of ¥1.6 billion (A$18.8 million approx. at A$1=¥85). This represents a discount of approximately 3.6% on the independent ... ( read original story ...)
BRIEF-Advance Residence Investment acquires property for 1.43 bln yen
Says it acquired trust beneficiary rights of a property located in Osaka on March 29 * Says previous plan was disclosed on June 29, 2016 * Transaction amount is 1.43 billion yen Source text in Japanese:goo.gl/ZE6va5 Further company coverage: (Beijing ... ( read original story ...)
Astro Japan invests ¥10B in shopping mall
Astro Japan Property Group Ltd (ASX:AJA) has signed contracts to invest in a large shopping mall, near Tokyo in Japan, for ¥10 billion. This works out to be AU$117.6 million at today’s exchange rate, and this shopping mall will be the third largest in ... ( read original story ...)
Real estate | Company lures locals to Japanese, Thai properties
foreign investors have flocked to Japanese properties in droves. As a result, Hong Kong based real estate company TY-Property is eyeing Macau investors to purchase units in the land of the rising sun. During the weekend, the company held a two-day ... ( read original story ...)
Hotel boom inflating central Tokyo land prices
With hotel companies buying up properties at lofty prices, condo prices in central Tokyo are also surging. "There is no longer any property we can buy in central Tokyo," says a top official at a real estate investment trust managing company. According to ... ( read original story ...)
With An ROE Of 12.3%, Has Astro Japan Property Group’s (ASX:AJA) Management Done A Good Job?
Astro Japan Property Group’s (ASX:AJA) 12.3% ROE over the past year fell short of the performance averaged by the industry, which delivered 13.68% ROE in the same period. On the surface, while Astro Japan Property Group appears to have underperformed ... ( read original story ...)
Japan PM Abe accused of giving cash for nationalistic school
TOKYO (AP) - Japanese Prime Minister Shinzo Abe donated 1 million yen ... Abe has denied any influence in the sale last year of state property to Kagoike at 134 million yen ($1.2 million), one-seventh of its appraised price. But Kagoike told parliament ... ( read original story ...)
S’pore the world’s most expensive city for fourth year in a row
Asian cities accounted for 50 percent of the 10 most expensive cities listed in the Worldwide Cost of Living 2017 report, with Hong Kong (2nd), Tokyo (4th), Osaka (5th) and Seoul (6th) joining the city-state. Four cities came from Western Europe ... ( read original story ...)
Japan's residential land values end long slide
TOKYO -- Residential land values in Japan have risen for the first time since 2008 thanks ... Demand stoked by low interest rates and tax breaks for home loans has firmed up the property market as a whole. Properties within walking distance of train ... ( read original story ...)
BRIEF-Japan Rental Housing Investments completes sale of property at 293.5 mln yen
March 21 Japan Rental Housing Investments Inc : * Says it completes sale of property at 293.5 million yen * Previous plan was disclosed on March 15 Source text in Japanese: goo.gl/Ytr1gz Further company coverage: (Beijing Headline News) ( read original story ...)
Russian plate and Japanese scroll take the top spots at Tamlyns Auctioneers auction
Further included in the auction was a Japanese Scroll, which realised £7,800 after a lengthy phone battle. The scroll was a gouache picture of magpies and prunus laid onto material, and was a number of Oriental items which attracted a worldwide audience. ( read original story ...)
Luxury property market in Vietnam keeps humming along
Most of the buyers come from Hong Kong, Taiwan, the Republic of Korea, Japan or Singapore ... Or in some cases they just pay cash and buy the property straight out. The lack of transparent guidance on how the money from a future sale of the property ... ( read original story ...)