Real Estate Japan News Summary for the Week of January 30th, 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:
Koll Says He’s `Excited’ About Japan Real Estate Market (via The Washington Post)
Jesper Koll, head of equity research at JPMorgan Chase & Co. in Tokyo, talks about the outlook for Japan’s economy and stocks. He speaks with Susan Li on Bloomberg Television’s “First Up.” Click here to watch the video.
China’s housing market is set for a hard landing (via CNN Money)
The Chinese government’s announcement last week that growth for 2011 slowed only slightly to a still impressive 9.2% was greeted enthusiastically by the world’s stock markets. But the math tells a different story. The housing frenzy has driven prices so high, so fast, that a crash on the scale of the real estate collapse in Japan in the 1990s is a virtual certainty. Click here to continue reading.
DoubleTree by Hilton Signs Agreement for First Hotel in Japan (via Business Wire)
Hilton Worldwide today signed a management agreement with ASV Investment Co., Ltd to introduce the first Double Tree by Hilton property to Japan. Scheduled to open in mid-2012 as Hilton Worldwide’s tenth property in Japan, the 228-room Double Tree by Hilton, Naha will be located in Naha, the capital city of Okinawa. Click here to continue reading.
Jones Lang LaSalle picks Goldman’s Kasai to head Japan business (via Reuters)
Jones Lang LaSalle Inc said on Thursday that it has hired Toshinobu Kasai, previously Japan head at Goldman Sachs Real Estate Private Equity Investment Area, to head its business in Japan. Click here to continue reading.
Japan’s Tepco set for $13 billion bailout: sources (via Reuters)
Japan is set to launch a $13 billion bail-out of the owner of its stricken Fukushima nuclear power plant after the utility dropped resistance to a public fund injection, sources said on Thursday, as the country debates the future of nuclear power. Click here to continue reading.
Sapporo Buys Back Tokyo Property Stake From Morgan Stanley (via Bloomberg Businessweek)
Japan’s fourth-largest brewer will buy back a 15 percent holding in Yebisu Garden Place, Sapporo said in a statement on its website today. Today’s statement didn’t confirm the value of the transaction estimated in a Dec. 26 press release. Click here to continue reading.