Real Estate Japan News Summary for the Week of February 6th, 2012
Editor’s Note: Real Estate Japan K.K. does not endorse the views expressed in any of the articles and the opinions expressed are solely those of the authors and publications included below. The links below are purely for informational purposes only.
This is a weekly news summary taken from Real Estate Japan’s Twitter feed. If you’d like to see these articles as they go online throughout the week, follow us on Twitter at “Real Estate Nihon”.
Let’s get started:
Shoei’s Biggest Investor to Back Higher Bids Than Hulic Offer (via BusinessWeek)
Shoei Co.’s biggest shareholder said a takeover offer by Hulic Co. undervalues the company and it will support a higher bid for the Japanese property developer. Click here to continue reading.
Are We Following Japan Off a Cliff? (via The Motley Fool)
The Federal Reserve continues whipping the reluctant economy to push forward with its announcement of keeping rates below 1% — probably until late 2014. These near-zero interest rates have been tried in the past, with not-so-spectacular results, as illustrated by Japan’s “lost decades.” Is our economy following the trail that Japan blazed, and are we headed for a few lost decades of our own? Click here to continue reading.
China needs a major real estate reshuffle (via Reuters)
China’s real estate sector is hanging in the balance, and a price correction could knock the wind out of the economy. Buyers and sellers are both waiting for the next shoe to drop, judging by abysmal sales over the New Year holiday, and fears abound of a supply glut. But China’s problem isn’t that it has too many homes – just too many expensive ones in the wrong places. Click here to continue reading.
10 of the best boutique hotels in Tokyo (via The Guardian)
Whether you fancy old-time grandeur or the very best in modern design, you’re spoilt for choice when it comes to looking for a boutique hotel in Tokyo, says Rebecca Milner. Click here to continue reading.
Local Firm, Japanese Builder Acquire 28 Housing Communities (via San Diego Business Journal)
Newland Real Estate Group LLC has teamed with an affiliate of Japan’s largest homebuilder to acquire a portfolio of 28 master-planned communities in the United States. Click here to continue reading.
Builder Tokyo Tatemono mulling expansion into Southeast Asia (via The Japan Times)
Tokyo Tatemono Co., the third-best performing Japanese builder this year, is considering investments in Southeast Asia to counter slowing demand at home because of the aging population. Click here to continue reading.
Chiba home owners sue over liquefaction (via The Daily Yomiuri)
Thirty-two home owners in Urayasu, Chiba Prefecture, filed a lawsuit Thursday seeking combined damages of about 700 million yen from Mitsui Fudosan Co., claiming the housing developer’s failure to improve reclaimed land made their properties more vulnerable to liquefaction damage during the March 11 earthquake. Click here to continue reading.
Changes at Jones Lang LaSalle in Japan (via Property Wire)
Jones Lang LaSalle has confirmed that Yoichiro Hamaoaka, who has successfully led the firm’s Japanese business for 12 years, will be stepping down and taking on the role of chairman. Toshinobu Kasai, previously Japan head of Goldman Sachs Real Estate Private Equity Investment Area (REPIA), is to succeed Hamaoaka as managing director of Jones Lang LaSalle in Japan. Click here to continue reading.
Photo credit: Andrew Bossi via Wikimedia Commons
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