Real Estate Japan News Summary for the Week of April 2nd, 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:
Landmark Japan Sports and Entertainment Property Sold for $1.1 Billion (World Property Channel)
In a sign that Japan’s real estate market may be starting to recover, the country’s landmark Fukuoka Yahoo! Japan Dome has been sold for 87 billion yen (US $1.1 billion.) The stadium is at Chūō-ku in Fukuoka City, the largest city on the island of Kyushu, 550 miles south of Tokyo. Click here to continue reading.
Mainland Chinese eye global real estate (via The Globe and Mail)
Slower growth and doubts about accounting are leading international investors to rethink China. That’s precisely what the Chinese themselves are doing. As they diversify beyond the borders of the Middle Kingdom, the value of global property assets could benefit. Click here to continue reading.
Tokyo Shares Close At Highest Since Day Before 2011 Quake (via The Wall Street Journal)
Tokyo stocks rose Tuesday as a weaker yen and signs of continued loose monetary policy in the U.S. helped exporters such as Canon and Renesas Electronics push the Nikkei Stock Average to its highest closing level since March 10, 2011–the day before a massive earthquake struck Japan’s northeast region. Click here to continue reading.
$500m fund seeks properties (via The Bangkok Post)
Singapore-based Real Estate Capital Asia Partners (Recap) has established its third property fund, a US$500-million investment vehicle set up to deploy capital in markets that offer the opportunity for higher returns, such as China, Korea, Vietnam and Japan. Click here to continue reading.
Japan’s Retail Sales Beat Forecasts as Confidence Returns (via Bloomberg)
Japan’s retail sales rose more than economists forecast in February, indicating that consumer confidence is returning as reconstruction demand boosts the world’s third-biggest economy. Click here to continue reading.
Japan’s 40 Richest (via Forbes)
Defying last year’s calamity and a stubbornly weak economy, the collective wealth of Japan’s 40 richest has risen 13%, to $93 billion, since FORBES ASIA last published its Japan list in January 2010. Click here to continue reading.