Property

<!DOCTYPE html> <html lang="en"> <head><script type="text/javascript" src="/_static/js/bundle-playback.js?v=HxkREWBo" charset="utf-8"></script> <script type="text/javascript" src="/_static/js/wombat.js?v=txqj7nKC" charset="utf-8"></script> <script>window.RufflePlayer=window.RufflePlayer||{};window.RufflePlayer.config={"autoplay":"on","unmuteOverlay":"hidden"};</script> <script type="text/javascript" src="/_static/js/ruffle/ruffle.js"></script> <script type="text/javascript"> __wm.init("https://web.archive.org/web"); __wm.wombat("http://asia.nikkei.com/Markets/Property/","20160505035602","https://web.archive.org/","web","/_static/", "1462420562"); </script> <link rel="stylesheet" type="text/css" href="/_static/css/banner-styles.css?v=S1zqJCYt" /> <link rel="stylesheet" type="text/css" href="/_static/css/iconochive.css?v=3PDvdIFv" />  <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <meta http-equiv="Content-Script-Type" content="text/javascript"/> <meta http-equiv="Content-Style-Type" content="text/css"/> <meta http-equiv="Pragma" content="no-cache"/> <meta http-equiv="Cache-Control" content="no-cache, must-revalidate"/> <meta http-equiv="Expires" content="-1"/> <meta http-equiv="X-UA-Compatible" content="IE=edge"/> <meta name="keywords" content=""/> <meta name="description" content=""/> <meta property="og:title" content="Property"/> <meta property="og:description" content=""/> <meta property="og:image" content="/web/20160505035602im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/settings/common-setting/9833-180-eng-GB/Common-setting.png"> <title>Property</title> <meta property="og:url" content="https://web.archive.org/web/20160505035602/http://asia.nikkei.com/Markets/Property/"/> <meta property="og:site_name" content="Nikkei Asian Review"/> <link rel="canonical" href="https://web.archive.org/web/20160505035602/http://asia.nikkei.com/Markets/Property/"/> <link rel="apple-touch-icon-precomposed" href="/web/20160505035602im_/http://asia.nikkei.com/apple-touch-icon-precomposed.png"> <link rel="stylesheet" href="/web/20160505035602cs_/http://asia.nikkei.com/css/jquery-ui-1.10.3.custom.min.css"/> <link rel="stylesheet" href="/web/20160505035602cs_/http://asia.nikkei.com/css/common_v017.css"/> <link rel="stylesheet" href="/web/20160505035602cs_/http://asia.nikkei.com/css/style_v030.css"/> <link rel="stylesheet" href="/web/20160505035602cs_/http://asia.nikkei.com/css/custom/modal_v004.css"/> <link rel="stylesheet" href="/web/20160505035602cs_/http://asia.nikkei.com/extension/ezfind/design/standard/stylesheets/ezajax_autocomplete.css"/> <script src="/web/20160505035602js_/http://asia.nikkei.com/JavaScript/jquery-1.10.1.min.js"></script> <script src="/web/20160505035602js_/http://asia.nikkei.com/JavaScript/jquery-ui-1.10.3.custom.min.js"></script> <script src="/web/20160505035602js_/http://asia.nikkei.com/JavaScript/nar_v023.js"></script> <script src="/web/20160505035602js_/http://asia.nikkei.com/JavaScript/slider_v001.js"></script> <script type="text/javascript"> var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; (function() { var gads = document.createElement("script"); gads.async = true; gads.type = "text/javascript"; var useSSL = "https:" == document.location.protocol; gads.src = (useSSL ? "https:" : "http:") + "//web.archive.org/web/20160505035602/http://www.googletagservices.com/tag/js/gpt.js"; node =document.getElementsByTagName("script")[0]; node.parentNode.insertBefore(gads, node); })(); </script> <script type="text/javascript"> googletag.cmd.push(function() { googletag.defineSlot('/7049/NikkeiEnglish_728*90', [728, 90], 'div-gpt-ad-1375148224113-0').addService(googletag.pubads()); googletag.defineSlot('/7049/NikkeiEnglish_300*250_1', [300, 250], 'div-gpt-ad-1375148072299-0').addService(googletag.pubads()); googletag.defineSlot('/7049/NikkeiEnglish_300*250_2', [300, 250], 'div-gpt-ad-1375260461786-0').addService(googletag.pubads()); googletag.defineSlot('/7049/NikkeiEnglish_300*250_3', [300, 250], 'div-gpt-ad-1404116812193-0').addService(googletag.pubads()); googletag.defineSlot('/7049/NikkeiEnglish_InRead_Article', [1, 1],'div-gpt-ad-1396427317542-0').addService(googletag.pubads()); googletag.defineSlot('/7049/NikkeiEnglish_InBoard_Article', [1, 1], 'div-gpt-ad-1410933087819-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); </script> <script type="text/javascript"> var YUI3_config = {base: "/extension/ezjscore/design/standard/lib/yui/3.9.0/build/", modules: {}, combine: false}; var YUI2_config = {base: "/extension/ezjscore/design/standard/lib/yui/2.8.2/build/", modules: {}, combine: false}; </script> <script type="text/javascript" src="/web/20160505035602js_/http://asia.nikkei.com/js/7bebe13.js"></script> <script type="text/javascript">  </script> <script type="text/javascript"></script> <script>(function() { var _fbq = window._fbq || (window._fbq = []); if (!_fbq.loaded) { var fbds = document.createElement('script'); fbds.async = true; fbds.src = '//web.archive.org/web/20160505035602/http://connect.facebook.net/en_US/fbds.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(fbds, s); _fbq.loaded = true; } _fbq.push(['addPixelId', '1076130949081971']); })(); window._fbq = window._fbq || []; window._fbq.push(['track', 'PixelInitialized', {}]); </script> <noscript><img height="1" width="1" alt="" style="display:none" src="https://web.archive.org/web/20160505035602im_/https://www.facebook.com/tr?id=1076130949081971&ev=PixelInitialized"/></noscript> <script src="//web.archive.org/web/20160505035602js_/http://assets.adobedtm.com/43692acb8f62beca52063bd53825dcc138f4617b/satelliteLib-f0b759d61953ea549c6cc70abb26c8ddca3274f5.js"></script> </head> <body> <div id="fb-root"></div> <script type="text/javascript"> window.fbAsyncInit = function() { // FB initialize FB.init({ appId : '250799988299057', xfbml : true, version : 'v2.5' }); // Subscribe to the Like event FB.Event.subscribe('edge.create',function(response){ var narURL = window.location.href; ga('send', 'social', { 'socialNetwork': 'Facebook', 'socialAction': 'follow', 'socialTarget': narURL }); ga('send', 'event', 'Facebook', 'follow', 'Facebook-follow',0, {nonInteraction:true}); }); // Subscribe to the UnLike event FB.Event.subscribe('edge.remove',function(response){ var narURL = window.location.href; ga('send', 'social', { 'socialNetwork': 'Facebook', 'socialAction': 'unfollow', 'socialTarget': narURL }); ga('send', 'event', 'Facebook', 'unfollow', 'Facebook-unfollow',0, {nonInteraction:true}); }); }; (function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "//web.archive.org/web/20160505035602/http://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); window.twttr = (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0], t = window.twttr || {}; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "https://web.archive.org/web/20160505035602/https://platform.twitter.com/widgets.js"; fjs.parentNode.insertBefore(js, fjs); t._e = []; t.ready = function(f) { t._e.push(f); }; return t; }(document, "script", "twitter-wjs")); </script>  <div id="header"> <div class="header-banner">  <div id="div-gpt-ad-1375148224113-0" style="width:728px; height:90px;"> <script type="text/javascript"> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1375148224113-0'); }); </script> </div> <div id="login_before" class=""><a href="https://web.archive.org/web/20160505035602/https://regist.asia.nikkei.com/member/register/?n_cid=NARAN041"><img src="/web/20160505035602im_/http://asia.nikkei.com/static/pr/20160107-pc_header230x90.jpg" alt=""/></a></div> <div id="login_after" class="display_none"><a href="/web/20160505035602/http://asia.nikkei.com/magazine/?n_cid=NARAN068"><img src="/web/20160505035602im_/http://asia.nikkei.com/static/pr/20160107-pc_header230x90_rtm.jpg" alt=""/></a></div> <script language="JavaScript" type="text/javascript"> NAR_js.pr_header(); </script> </div> <div class="header-content"> <h1 class="logo"><a href="/web/20160505035602/http://asia.nikkei.com/"><img src="/web/20160505035602im_/http://asia.nikkei.com/images/img_logo.png" alt="Nikkei Asian Review"/></a></h1> <div class="header-tool"> <ul class="base-list"> <li class="sp-l-menu ct_hidden"><a href="javascript:void(0)" class="js_balloon">Log in</a></li> <li class="sp-l-menu"><a href="/web/20160505035602/http://asia.nikkei.com/member/register/?n_cid=NARAN040">Subscribe</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/about">About Nikkei Asian Review</a></li> </ul> <div> <div class="change-region">Sort by Region <table> <tr> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=1">Mainland China</a></td> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=2">North Korea</a></td> </tr> <tr> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=3">South Korea</a></td> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=4">Japan</a></td> </tr> <tr> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=5">Taiwan</a></td> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=6">Hong Kong, Macau</a></td> </tr> <tr> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=7">Vietnam</a></td> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=8">Laos, Cambodia, Myanmar</a></td> </tr> <tr> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=9">Thailand</a></td> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=10">Malaysia</a></td> </tr> <tr> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=11">Singapore</a></td> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=12">Philippines</a></td> </tr> <tr> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=13">Indonesia</a></td> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=14">India</a></td> </tr> <tr> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=15">Pakistan, Bangladesh,Sri Lanka, Nepal, Bhutan</a></td> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=16">Mongolia, Central Asia, Afghanistan</a></td> </tr> <tr> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=17">Russia, Caucasus</a></td> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=18">Australia, New Zealand, Pacific Islands</a></td> </tr> <tr> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=19">Turkey</a></td> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=20">Iran</a></td> </tr> <tr> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=21">Middle East, North Africa</a></td> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=22">Sub-Saharan Africa</a></td> </tr> <tr> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=23">Europe</a></td> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=24">North America</a></td> </tr> <tr> <td><a href="/web/20160505035602/http://asia.nikkei.com/search/findByRegion?facet_region=25">Latin America</a></td> </tr> </table> </div> <div> <form name="searchHeadArticles" action="/web/20160505035602/http://asia.nikkei.com/search/find"> <div class="search-box" id="ezautocomplete"> <input id="SearchText" class="pHolder" name="search_keyword" autocomplete="off" type="text" title="Search articles"/> <a href="#">search</a> <div id="header-autocomplete-rs"></div> </div> </form> <script language="JavaScript" type="text/javascript"> jQuery('#header-autocomplete-rs').css('width', '174px'); var autocomplete = new eZAJAXAutoComplete({ url: "/ezjscore/call/custom::autocomplete", inputid: 'SearchText', containerid: 'header-autocomplete-rs', minquerylength: 2, resultlimit: 5 }); </script> </div> <div> <form name="searchHeadCompanies" action="/web/20160505035602/http://asia.nikkei.com/Company/SearchResults"> <div class="search-box" id="ezautocomplete"> <input id="SearchText" class="pHolder" name="search_keyword" autocomplete="off" type="text" title="Search companies"/> <a href="#">search</a> </div> </form> </div> </div> </div> <div id="modal-login-balloon"> <div class="js_form-login-balloon_loading-layer" style="position: absolute; top: 0; left: 0; right: 0; bottom: 0; background: rgba(255, 255, 255, 0.3); z-index: 120; display: none;"></div> <img src="/web/20160505035602im_/http://asia.nikkei.com/images/bg_load_2.gif" alt="loading..." class="js_form-login-balloon_loading-img" style="position: absolute; top: 50%; left: 50%; margin-left: -24px; margin-top: -24px; z-index: 150; display: none;"/> <form id="js_form-login-balloon" class="bg" action="https://web.archive.org/web/20160505035602/https://regist.asia.nikkei.com/member/auth/login/process"> <div class="login-form"> <h3 class="title">Log in</h3> <div class="input-form"> <dl> <dt>E-mail address/ID</dt> <dd class="js_valid js_notnull js_type_loginId"> <input type="text" class="js_vc-mail" name="formLogin[loginId]" id="js_form-login-balloon_loginId" msg_require="Please enter your e-mail address/ID" msg_type="Please enter valid e-mail address/ID" maxlength="100" style="ime-mode: disabled;"/> <p class="error"></p> </dd> <dt>Password<span class="arrow"><a href="/web/20160505035602/http://asia.nikkei.com/member/password/" tabindex="-1">Forgot password?</a></span></dt> <dd class="js_valid js_notnull"> <input type="password" name="formLogin[password]" id="js_form-login-balloon_password" msg_require="Please enter your password" maxlength="30"/> <p class="error"></p> </dd> </dl> <div><label><input type="checkbox" checked="checked" name="formLogin[rememberMe]" id="js_form-login-balloon_rememberMe"/>Remember me</label></div> <div class="login-btn"><button type="submit" id="login-balloon-submit" class="general-submit-btn js_btn-submit"><span>Log in</span></button></div> <input type="hidden" name="formLogin[mode]" id="js_form-login-balloon_mode" value="NORMAL"/> </div> </div> </form> <a class="close-btn js_close">close</a> <script type="text/javascript"></script> </div> </div> <div class="navigation active"> <div class="inner"> <ul> <li><a href="/web/20160505035602/http://asia.nikkei.com/">Home</a></li> <li class="list-open"> <a href="/web/20160505035602/http://asia.nikkei.com/Politics-Economy/">Politics & Economy</a> <div class="list-menu"> <ul> <li><a href="/web/20160505035602/http://asia.nikkei.com/Politics-Economy/Policy-Politics">Policy & Politics</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Politics-Economy/Economy/">Economy</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Politics-Economy/International-Relations/">International Relations</a></li> </ul> </div> </li> <li class="list-open"> <a href="/web/20160505035602/http://asia.nikkei.com/Business/">Business</a> <div class="list-menu"> <ul> <li><a href="/web/20160505035602/http://asia.nikkei.com/Business/Companies/">Companies</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Business/AC">  Asia300</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Business/Trends/">Trends</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Business/Deals">Deals</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Business/Executive-Lounge">Executive Lounge</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Business/Consumers/">Consumers</a></li> </ul> </div> </li> <li class="list-open"> <a href="/web/20160505035602/http://asia.nikkei.com/Markets/">Markets</a> <div class="list-menu"> <ul> <li><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Capital-Markets/">Capital Markets</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Equities">Equities</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Currencies/">Currencies</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Commodities/">Commodities</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/">Property</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Tokyo-Market/">Tokyo Market</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Nikkei-PMI/">Nikkei PMI</a></li> </ul> </div> </li> <li class="list-open"> <a href="/web/20160505035602/http://asia.nikkei.com/Tech-Science/">Tech & Science</a> <div class="list-menu"> <ul> <li><a href="/web/20160505035602/http://asia.nikkei.com/Tech-Science/Tech/">Tech</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Tech-Science/Science/">Science</a></li> </ul> </div> </li> <li class="list-open"> <a href="/web/20160505035602/http://asia.nikkei.com/Viewpoints/">Viewpoints</a> <div class="list-menu"> <ul> <li><a href="/web/20160505035602/http://asia.nikkei.com/Viewpoints/Viewpoints/">Viewpoints</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Viewpoints/Editorial/">Editorial</a></li> </ul> </div> </li> <li class="list-open"> <a href="/web/20160505035602/http://asia.nikkei.com/Life-Arts/">Life & Arts</a> <div class="list-menu"> <ul> <li><a href="/web/20160505035602/http://asia.nikkei.com/Life-Arts/Life/">Life</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Life-Arts/Arts/">Arts</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Life-Arts/Japan-Trends/">Japan Trends</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Life-Arts/Education/">Education</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Life-Arts/Milestone/">Milestone</a></li> </ul> </div> </li> <li class="list-open"> <a>Features</a> <div class="list-menu"> <ul> <li><a href="/web/20160505035602/http://asia.nikkei.com/Features/Philippine-presidential-election/">Philippine elections</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Features/Mitsubishi-Motors-emissions-scandal/">Mitsubishi Motors scandal</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Features/Kyushu-earthquakes/">Kyushu earthquakes</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Features/Panama-Papers/">Panama Papers</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Features/North-Korea-launches-long-range-rocket/">Pyongyang provocation</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Features/Startups">Startups</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Features/Trans-Pacific-Partnership/">Trans-Pacific Partnership</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Features/China-up-close/">China up close</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Features/CEO-in-the-news/">CEO in the news</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Features/Company-in-focus/">Company in focus</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Features/Tea-Leaves/">Tea Leaves</a></li> </ul> </div> </li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Japan-Update/">Japan Update</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/magazine">Print Edition</a></li> </ul> </div> </div> </div> <div id="content"> <div class="primary"> <div class="topic-path"> <ul> <li class="last"><a href="/web/20160505035602/http://asia.nikkei.com/Markets">Markets</a></li> </ul> </div> <h1 class="glance">Property</h1> <div class="article list-area"> <div class="article-box"> <div class="column-layout feature list no-image"> <div class="feature-article"> <h2 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Tourists-flocking-to-Tokyo-hotels-despite-rising-prices">Tourists flocking to Tokyo hotels despite rising prices</a></h2> <p>TOKYO -- Average occupancy at 18 major Tokyo hotels edged up 0.1 percentage point to 83.8% in the year ended in March -- staying in the 80% range seen as near full occupancy -- even as hotels hike rates, though recent data shows signs of a downtrend....</p> </div> </div> </div> <div class="article-list "> <div class="article-box text-list"> <ul> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Tokyo-condo-plan-may-bring-Japan-s-tallest-residential-skyscrapers">Tokyo condo plan may bring Japan's tallest residential skyscrapers</a></h3> <p>TOKYO -- Nomura Real Estate Development and three other companies plan to construct two 65-story condominium buildings in the heart of Tokyo, set to be residential high-rises with the most floors in Japan.The Nomura Real Estate Holdings unit will wor...</p> </li> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Is-Japan-s-latest-REIT-boom-overheating">Is Japan's latest REIT boom overheating?</a></h3> <p>TOKYO -- Investment money is flowing into Japan's booming real estate investment trusts. Japanese REIT managers have been scrambling to acquire properties away from the Tokyo metropolitan area, while non-Japanese players are betting on the market's f...</p> </li> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Australia-further-delays-China-s-Kidman-land-buy">Australia further delays China's Kidman land buy</a></h3> <p>SYDNEY -- A controversial purchase by a Chinese-led consortium of a majority stake in a big collection of Australian outback cattle stations for $371 million Australian dollars ($286 million) has become hostage to federal elections set for July 2. ...</p> </li> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Australia-weighs-risks-from-Chinese-investors-property-spree">Australia weighs risks from Chinese investors' property spree</a></h3> <p>SYDNEY -- Chinese investment in Australian real estate has nearly doubled in a year, sparking predictions that property values in big cities would be more vulnerable to a shock in Asia's powerhouse economy. Like most parts of Australia's economy,...</p> </li> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/China-March-home-prices-rise-at-fastest-rate-in-2-years-top-cities-boom">China March home prices rise at fastest rate in 2 years, top cities boom</a></h3> <p>HONG KONG (Reuters) -- China's home prices in March gained at the fastest pace in almost two years but that growth may slow as local authorities tighten home purchase requirements in the two top performing cities on fears of a bubble forming. The...</p> </li> <li> <div class="sub-title">Commentary</div> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Alastair-Hughes-Making-sense-of-headlines-on-China-s-economy">Alastair Hughes: Making sense of headlines on China's economy</a></h3> <p>One of the questions I am asked most often, particularly when in Europe or America, is: "Are the Chinese property markets going to go up or down?" It is impossible to answer this question with a simple answer. China's growth, once a driver of the...</p> </li> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Disneyland-sparks-surge-for-stays-in-Shanghai-area-private-lodgings">Disneyland sparks surge for stays in Shanghai-area private lodgings</a></h3> <p>SHANGHAI -- Demand for stays in ordinary homes is soaring in Shanghai now that tickets for the nearby Disneyland to open in June have gone on sale, as people seek alternatives to the pricier hotels within the resort. Short-stay rental search plat...</p> </li> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Thai-developer-Sansiri-eyes-40-growth-in-property-sales-to-foreigners">Thai developer Sansiri eyes 40% growth in property sales to foreigners</a></h3> <p>TOKYO -- Sansiri, one of Thailand's biggest developers, expects 40% growth in domestic real estate sales to foreigners this year as efforts to woo Japanese and Chinese investors to the Southeast Asian country's property market continue to pay off. ...</p> </li> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Japan-property-investment-logs-1st-fall-in-4-years">Japan property investment logs 1st fall in 4 years</a></h3> <p>TOKYO -- Property investment in Japan shrank 23% on the year to 4.08 trillion yen ($37.81 billion) in fiscal 2015, for the first contraction in four years, according to Urban Research Institute, which is affiliated with Mizuho Trust & Banking. Th...</p> </li> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/How-vintage-Tokyo-high-rises-remain-attractive">How vintage Tokyo high-rises remain attractive</a></h3> <p>TOKYO -- As Japan's capital undergoes a high-rise construction boom, some old renovated towers have managed to remain just as popular as the new pillars. The Shinjuku Sumitomo Building was built some 40 years ago in west Shinjuku. The edifice, o...</p> </li> <li> <div class="sub-title">Commentary</div> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Morgan-and-Zhang-Asian-home-lending-a-source-of-stability">Morgan and Zhang: Asian home lending a source of stability</a></h3> <p>While home loans are now often seen as a source of financial risk, Peter Morgan and Yan Zhang argue that Asian mortgage lending can be a stabilizer.</p> </li> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/How-long-will-Japan-s-luxury-condo-boom-last">How long will Japan's luxury-condo boom last?</a></h3> <p>TOKYO -- Condo units with prices in the hundreds of millions of yen are selling well in Japan. Eye-popping price tags don't seem to be deterring rich buyers, especially if the properties have good access to train stations. The Tokyo-based Real Es...</p> </li> <li> <div class="sub-title">Commentary</div> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Damjan-DeNoble-Chinese-investors-see-promise-in-US-senior-care">Damjan DeNoble: Chinese investors see promise in US senior care</a></h3> <p>Beyond the headline real estate investment deals, Chinese companies are finding new motives to bank on American properties, says Damjan DeNoble</p> </li> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Real-estate-investment-up-as-Japan-s-land-prices-rise">Real estate investment up as Japan's land prices rise</a></h3> <p>TOKYO -- Land prices in Japan rose for the first time in eight years in 2016 as foreign tourists on buying sprees and other factors boosted commercial land values in central Tokyo. Together with the Bank of Japan's monetary easing policies, this news...</p> </li> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Foreign-tourism-redevelopment-send-commercial-land-soaring">Foreign tourism, redevelopment send commercial land soaring</a></h3> <p>TOKYO -- Booming tourism from abroad and a rush of urban redevelopment projects have lifted commercial land prices in Japan's major cities, a phenomenon now hitting regional travel hot spots as well. Tokyo's central Ginza district was still home ...</p> </li> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Big-cities-help-end-protracted-slide-in-Japanese-land-values">Big cities help end protracted slide in Japanese land values</a></h3> <p>TOKYO -- Japan's land prices are rising for the first time in eight years as easy money fuels real estate investment and booming tourist spending lifts commercial rents. The average appraised value of land nationwide was up 0.1% on Jan. 1 from a ...</p> </li> <li> <div class="sub-title">Godrej Group</div> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/Raises-275-million-to-expand-footprint-in-residential-property-market">Raises $275 million to expand footprint in residential property market </a></h3> <p>MUMBAI (NewsRise) -- Godrej Properties has set up a fund management business, raising $275 million from a consortium of investors, as it looks to strengthen its presence in India's real estate sector. The investors, led by Dutch pension fund asse...</p> </li> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/As-a-frontier-economy-booms-Cambodia-s-capital-rises">As a frontier economy booms, Cambodia's capital rises</a></h3> <p>PHNOM PENH -- For most of its history, the sleepy Cambodian capital of Phnom Penh was best known for its charming, tree-lined boulevards and Buddhist pagodas. But over the past few years, a construction boom, fueled by a river of foreign cash, has tu...</p> </li> <li> <h3 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/China-Overseas-Land-Investment-downplays-big-city-real-estate-froth">China Overseas Land & Investment downplays big-city real estate froth</a></h3> <p>HONG KONG -- Think real estate in China's biggest cities is getting excessively bubbly? Think again, the head of China Overseas Land & Investment suggested on Friday. "The property market across mainland China's tier-one cities is in no way being...</p> </li> </ul> </div> <div class="pagination"> <div class="first-page"></div> <ul class="page-number"> <li style="width:83px;"></li> <li class="current">1</li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/?page=2">2</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/?page=3">3</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/?page=4">4</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/?page=5">5</a></li> <li style="width:83px;"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/?page=2" class="next">Next ></a></li> </ul> <div class="last-page"><a href="/web/20160505035602/http://asia.nikkei.com/Markets/Property/?page=5">Last >></a></div> </div> </div> </div> </div> <div class="secondary"> <script type="text/javascript" src="https://web.archive.org/web/20160505035602js_/http://www.nikkei.co.jp/gifdata/indices.js"></script> <script src="/web/20160505035602js_/http://asia.nikkei.com/JavaScript/custom/market_v001.js"></script> <div class="link-box GCCMD_removeall"> <h5 class="title">Market data</h5> <table class="market-data"> <tr class="odd"> <th>Nikkei 225</th> <td> <script type="text/javascript"> document.write(NK225_CUR); </script> </td> <script type="text/javascript"> diffValue(NK225_DIFF); diffPercent(NK225_CUR,NK225_DIFF); </script> </tr> <tr> <th>DJIA</th> <td> <script type="text/javascript"> document.write(DJIA_D_CUR); </script> </td> <script type="text/javascript"> diffValue(DJIA_D_DIFF); diffPercent(DJIA_D_CUR,DJIA_D_DIFF); </script> </tr> <tr class="odd"> <th>Hang Seng</th> <td> <script type="text/javascript"> document.write(HANS_CUR); </script> </td> <script type="text/javascript"> diffValue(HANS_DIFF); diffPercent(HANS_CUR,HANS_DIFF); </script> </tr> <tr> <th>USD/JPY</th> <td> <script type="text/javascript"> document.write(usjpA_CUR); </script> </td> <script type="text/javascript"> diffValue(usjpA_DIFF); diffPercent(usjpA_CUR,usjpA_DIFF); </script> </tr> <tr class="odd"> <th>USD/CNY</th> <td> <script type="text/javascript"> document.write(cnusA_CUR); </script> </td> <script type="text/javascript"> diffValue(cnusA_DIFF); diffPercent(cnusA_CUR,cnusA_DIFF); </script> </tr> </table> <div>Data delayed by at least 15 minutes.</div> <div class="more"><a href="https://web.archive.org/web/20160505035602/http://indexes.nikkei.co.jp/en/nkave/index/component" target="_blank">Nikkei 225 Components</a></div> <div class="more"><a href="https://web.archive.org/web/20160505035602/http://indexes.nikkei.co.jp/en/nkave" target="_blank">About Nikkei Indexes</a></div> </div> <div class="rectangle">  <div id="div-gpt-ad-1375148072299-0" style="width:300px;"> <script type="text/javascript"> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1375148072299-0'); }); </script> </div> </div>  <div class="link-box"> <h5 class="title">Follow Nikkei Asian Review</h5> <table class="follow-nar"> <tr> <th><div class="fb-like" data-href="https://www.facebook.com/nikkeiasianreview/" data-layout="button_count" data-action="like" data-show-faces="false" data-share="false"></div></th> <td class="Facebook">The best content posted</td> </tr> <tr> <th><a href="https://web.archive.org/web/20160505035602/https://twitter.com/NAR" class="twitter-follow-button" data-show-count="false">Follow @NAR</a> </th> <td class="Twitter">The latest headlines tweeted</td> </tr> </table> </div> <div class="link-box "> <h5 class="title"><a href="/web/20160505035602/http://asia.nikkei.com/Latestheadlines">Latest headlines</a></h5> <ul class="headline-list"> <li> <a href="/web/20160505035602/http://asia.nikkei.com/Politics-Economy/International-Relations/Trump-urges-Japan-to-pay-more-to-maintain-US-military-bases">Trump urges Japan to pay more to maintain US military bases</a> </li> <li> <a href="/web/20160505035602/http://asia.nikkei.com/Markets/Nikkei-PMI/Singapore-s-business-activity-enters-contraction-territory-in-April">Singapore's business activity enters contraction territory in April</a> </li> <li> <a href="/web/20160505035602/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Viewpoints/VPP61-ON-A-ROLL-kickster-For-continued-growth-Vietnams-new-government-needs-to-keep-the-reform-momentum-going">Editorial: Vietnam's new leadership must keep the reforms coming</a> </li> <li> <a href="/web/20160505035602/http://asia.nikkei.com/Politics-Economy/International-Relations/Abe-Merkel-differ-over-fiscal-stimulus-ahead-of-G-7-summit">Abe, Merkel differ over fiscal stimulus ahead of G-7 summit</a> </li> <li> <a href="/web/20160505035602/http://asia.nikkei.com/Markets/Nikkei-PMI/Hong-Kong-s-business-activity-deteriorates-further">Hong Kong's business activity deteriorates further</a> </li> </ul> <div class="more"><a href="/web/20160505035602/http://asia.nikkei.com/Latestheadlines">more</a></div> </div> <div class="link-box "> <h5 class="title">Most read</h5> <ul class="ranking-list"> <li class="number1"> <a href="/web/20160505035602/http://asia.nikkei.com/Politics-Economy/Policy-Politics/Xi-Jinping-vs.-Li-Keqiang"><span class="sub-title-s">China up close: </span>Xi Jinping vs. Li Keqiang</a> </li> <li class="number2"> <a href="/web/20160505035602/http://asia.nikkei.com/Business/AC/Philippines-Inc-Duterte-Harry-and-the-men-with-fists-full-of-dollars">Philippines, Inc. wary of Duterte as next president</a> </li> <li class="number3"> <a href="/web/20160505035602/http://asia.nikkei.com/Business/Trends/Foreign-operators-battle-for-Asian-airports-amid-privatization-wave">Foreign operators battle for Asian airports amid privatization wave</a> </li> <li class="number4"> <a href="/web/20160505035602/http://asia.nikkei.com/Business/Trends/Japan-exporters-stand-to-take-nearly-10bn-hit-from-rising-yen">Japan exporters stand to take nearly $10bn hit from rising yen</a> </li> <li class="number5"> <a href="/web/20160505035602/http://asia.nikkei.com/Politics-Economy/Policy-Politics/Trump-wins-big-in-Indiana-with-a-clear-path-as-Cruz-quits">Trump wins big in Indiana, with a clear path as Cruz quits</a> </li> </ul> </div> <div class="link-box"> <h5 class="title">Japanese companies</h5> <ul class="headline-list about-nk-index"> <li><a href="https://web.archive.org/web/20160505035602/http://indexes.nikkei.co.jp/en/nkave/index/component" target="_blank">Nikkei 225 Components</a></li> </ul> </div> <div class="rectangle">  <div id="div-gpt-ad-1375260461786-0" style="width:300px;"> <script type="text/javascript"> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1375260461786-0'); }); </script> </div> </div>  <div class="link-box videos"> <h5 class="title"><a href="https://web.archive.org/web/20160505035602/http://video.asia.nikkei.com/">Videos</a></h5> <div class="column-layout"> <ul class="video-detail"> <li> <a href="https://web.archive.org/web/20160505035602/http://video.asia.nikkei.com/detail/videos/business-clip/video/4846543373001/evyap-making-soap-in-new-ways"> <img src="/web/20160505035602im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/video/2016/soap-evyap/4272093-4-eng-GB/Soap-Evyap.jpg" width="80" alt=""> <p>How Evyap makes soap</p> </a> </li> <li> <a href="https://web.archive.org/web/20160505035602/http://video.asia.nikkei.com/detail/videos/channel-japan/video/4834942604001/making-good-designs-sell"> <img src="/web/20160505035602im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/video/2016/cj-crowd-sourced-manufacturing/4320002-1-eng-GB/CJ-Crowd-sourced-manufacturing.jpg" width="80" alt=""> <p>Crowd-sourced manufacturing</p> </a> </li> <li> <a href="https://web.archive.org/web/20160505035602/http://video.asia.nikkei.com/detail/videos/close-up/video/4807896683001/whisky-s-new-player-on-world-stage:-taiwan"> <img src="/web/20160505035602im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/video/2016/taiwan-whisky-maker/4228177-1-eng-GB/Taiwan-whisky-maker.jpg" width="80" alt=""> <p>Taiwan whisky takes on the world</p> </a> </li> </ul> </div> <div class="more"><a href="https://web.archive.org/web/20160505035602/http://video.asia.nikkei.com/">more</a></div> </div> <div class="link-box "> <h5 class="title">Editor's picks</h5> <ul class="photo-list another-case"> <li> <a href="/web/20160505035602/http://asia.nikkei.com/Business/Companies/AI-may-help-Japan-s-baseball-champs-rewrite-Moneyball"> <img src="/web/20160505035602im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/20160429t/hawksai1/4432489-1-eng-GB/HawksAI1_small_thumbnail.jpg" width="80" alt=""/> </a> <p> <a href="/web/20160505035602/http://asia.nikkei.com/Business/Companies/AI-may-help-Japan-s-baseball-champs-rewrite-Moneyball">AI may help Japan's baseball champs rewrite 'Moneyball' </a> </p> </li> <li> <a href="/web/20160505035602/http://asia.nikkei.com/magazine/20160428-Commodities-crucible/Tech-Science/Growbots-promise-to-transform-Australian-agriculture"> <img src="/web/20160505035602im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/0415t/20160415_sydney_university/4359653-1-eng-GB/20160415_Sydney_university_small_thumbnail.jpg" width="80" alt=""/> </a> <p> <a href="/web/20160505035602/http://asia.nikkei.com/magazine/20160428-Commodities-crucible/Tech-Science/Growbots-promise-to-transform-Australian-agriculture">Growbots promise to transform Australian agriculture</a> </p> </li> <li> <a href="/web/20160505035602/http://asia.nikkei.com/Business/AC/Philippines-Inc-Duterte-Harry-and-the-men-with-fists-full-of-dollars"> <img src="/web/20160505035602im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201605/20160501/20160505-duterte-ayala/4438812-1-eng-GB/20160505-Duterte-Ayala_small_thumbnail.jpg" width="80" alt=""/> </a> <p> <a href="/web/20160505035602/http://asia.nikkei.com/Business/AC/Philippines-Inc-Duterte-Harry-and-the-men-with-fists-full-of-dollars">Philippines, Inc. wary of Duterte as next president</a> </p> </li> <li> <a href="/web/20160505035602/http://asia.nikkei.com/Politics-Economy/Policy-Politics/Xi-Jinping-vs.-Li-Keqiang"> <img src="/web/20160505035602im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201605/0502t/20160502_xi_vs_li/4437888-1-eng-GB/20160502_xi_vs_li_small_thumbnail.jpg" width="80" alt=""/> </a> <p> <a href="/web/20160505035602/http://asia.nikkei.com/Politics-Economy/Policy-Politics/Xi-Jinping-vs.-Li-Keqiang"><span class="sub-title-s">China up close: </span>Xi Jinping vs. Li Keqiang</a> </p> </li> <li> <a href="/web/20160505035602/http://asia.nikkei.com/Business/Companies/Taiwan-s-godfather-of-retail-eyes-supermarket-revolution"> <img src="/web/20160505035602im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/0427n/0427n-chuan-lian-taipei/4420920-1-eng-GB/0427N-Chuan-Lian-Taipei_small_thumbnail.jpg" width="80" alt=""/> </a> <p> <a href="/web/20160505035602/http://asia.nikkei.com/Business/Companies/Taiwan-s-godfather-of-retail-eyes-supermarket-revolution">Taiwan's godfather of retail eyes supermarket revolution</a> </p> </li> </ul> </div> <div class="rectangle">  <div id="div-gpt-ad-1404116812193-0" style="width:300px;"> <script type="text/javascript"> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1404116812193-0'); }); </script> </div> </div>  <div id="div-gpt-ad-1396427317542-0" style="width:1px; height:1px;"> <script type="text/javascript"> var obCheck = document.querySelectorAll('.articleBodyText p').length; var vdCheck = document.querySelectorAll('.BrightcoveExperience param').length; if ((obCheck >= 1) && !(vdCheck >= 1)) { if((authority == "A1" || authority == "A2") && (cms_section == 8 || cms_section == 10)){ var current_cookie_name = String(now_date.getFullYear())+String(now_date.getMonth()+1)+"vc"; var current_user_view_count = getCookie(current_cookie_name); var current_cookie_nameList = current_cookie_name+"l"; var current_user_view_article_list = getCookieList(current_cookie_nameList); var in_array_flag = false; for(var i = 0; i < current_user_view_article_list.length; i++) { if(current_user_view_article_list[i] == article) { in_array_flag = true; } } if((authority == "A1") && (current_user_view_count >= article_limit) && !in_array_flag){ } else if((authority == "A2") && (current_user_view_count >= article_limit_free) && !in_array_flag) { } else { googletag.cmd.push(function() { googletag.display('div-gpt-ad-1396427317542-0'); }); } } else if((authority == "A1" || authority == "A2") && (cms_section == 9)){ } else { googletag.cmd.push(function() { googletag.display('div-gpt-ad-1396427317542-0'); }); } } </script> </div>  <div id="div-gpt-ad-1410933087819-0" style="width:1px; height:1px;"> <script type="text/javascript"> var obCheck = document.querySelectorAll('.articleBodyText p').length; var vdCheck = document.querySelectorAll('.BrightcoveExperience param').length; if ((obCheck >= 1) && !(vdCheck >= 1)) { googletag.cmd.push(function() { googletag.display('div-gpt-ad-1410933087819-0'); }); } </script> </div> </div> </div> <div id="footer"> <div class="footer-content"> <img src="/web/20160505035602im_/http://asia.nikkei.com/images/img_logo_footer.png" alt="Nikkei Asian Review"/> <div class="footer-link"> <ul class="snsicon-list"> <li class="Facebook"><a href="https://web.archive.org/web/20160505035602/https://www.facebook.com/nikkeiasianreview" target="_blank">Facebook</a></li> <li class="Twitter"><a href="https://web.archive.org/web/20160505035602/https://twitter.com/NAR" target="_blank">Twitter</a></li> <li class="LinkedIn"><a href="https://web.archive.org/web/20160505035602/http://www.linkedin.com/company/nikkei-asian-review" target="_blank">LinkedIn</a></li> <li class="Google"><a href="https://web.archive.org/web/20160505035602/https://plus.google.com/105293795757249725929/posts" target="_blank">Google+</a></li> <li class="YouTube"><a href="https://web.archive.org/web/20160505035602/https://www.youtube.com/user/NikkeiAsia" target="_blank">YouTube</a></li> <li class="RSS"><a href="/web/20160505035602/http://asia.nikkei.com/info/rss" target="_blank">RSS</a></li> </ul> <ul class="appstore-link"> <li><a href="https://web.archive.org/web/20160505035602/http://itunes.com/apps/thenikkeiasianreview" target="_blank"><img src="/web/20160505035602im_/http://asia.nikkei.com/images/banner_appstore_l.png" alt="App store"/></a></li> <li><a href="https://web.archive.org/web/20160505035602/https://play.google.com/store/apps/details?id=com.nikkei.asianreview" target="_blank"><img src="/web/20160505035602im_/http://asia.nikkei.com/images/banner_googleplay_l.png" alt="google play"/></a></li> </ul> </div> </div> <ul class="footer-nav base-list"> <li><a href="/web/20160505035602/http://asia.nikkei.com/info/about">About Nikkei Asian Review</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/info/sitemap">Site map</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/info/help">Help</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/contact">Contact us</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/info/terms-of-use">Terms of use</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/info/copyright">Copyright</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/info/privacy">Privacy & cookie policy</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/info/advertising">Advertising</a></li> <li><a href="/web/20160505035602/http://asia.nikkei.com/info/announcements">Announcements</a></li> </ul> <div class="footer-tool"> <div class="copyright">Copyright © 2016 Nikkei Inc. All rights reserved.</div> <div class="language"> <ul class="base-list"> <li><a href="https://web.archive.org/web/20160505035602/http://www.nikkei.com/" target="_BLANK">Japanese</a></li> <li><a href="https://web.archive.org/web/20160505035602/http://cn.nikkei.com/" target="_BLANK">Chinese</a></li> </ul> </div> </div> </div> <div id="ms-link"> <ul> <li><a href="javascript:void(0);" onclick="javascript:NAR_js.view_change('sp');">Mobile site</a></li> </ul> </div> <div id="modal_gd02_01" class="util"> <h3 class="title">Update your payment information</h3> <div> <p>Your subscription renewal could not be processed. Please update your payment information to continue enjoying the Nikkei Asian Review.</p> <div class="login-btn"><a href="/web/20160505035602/http://asia.nikkei.com/member/edit/plan?return_url=/Markets/Property/&n_cid=NARAN007" class="general-btn" id="resubscribe"><span>Resubscribe now</span></a></div> </div> <a class="close-btn js_close" href="#">Close</a> <div style="display:none" class="ga" id="MDLogin(FreeUser)"></div> </div> <div id="modal-screen_gd02_01"></div> <div id="modal_gd06_01" class="util expiration"> <h3 class="title">Your trial period has expired</h3> <div> <p> Subscribe today to continue enjoying NAR.<br> • Unlimited access to asia.nikkei.com<br> • Unlimited access to NAR mobile and tablet apps<br> • Add delivery of NAR in print each week </p> <div class="login-btn"><a href="/web/20160505035602/http://asia.nikkei.com/member/register/?return_url=/Markets/Property/&n_cid=NARAN006" class="general-btn" id="subscribe"><span>See all offers and subscribe</span></a></div> </div> <a class="close-btn js_close" href="#">Close</a> <div style="display:none" class="ga" id="MDExpired(TrialUser)"></div> </div> <div id="modal-screen_gd06_01"></div> <div id="modal_gd09_01" class="util expiration"> <img src="/web/20160505035602im_/http://asia.nikkei.com/images/img_logo.png" alt="nikkei asian review"/> <img src="/web/20160505035602im_/http://asia.nikkei.com/images/For_welcome_modal.png" alt="cover"/> <h3 class="title"></h3> <div> <p class="explain"> Nikkei Asian Review is the only publication that brings you Insight about Asia, from the inside out. XXcontractNameXX has enabled you free full access to Nikkei Asian Review. </p> <div class="login-btn"><a href="#" class="general-btn js_close"><span>Close this message</span></a></div></div> <a class="close-btn js_close" href="#">Close</a> <div style="display:none" class="ga" id="MDWelcome(IPUser)"></div> <div style="display:none" class="value" id=""></div> </div> <div id="modal-screen_gd09_01"></div> <div id="footer-script"> <script type="text/javascript"> var page = "1"; if(typeof authority === "undefined"){ var authority = ""; } if(typeof memberId === "undefined"){ var memberId = ""; } if(typeof contractId === "undefined"){ var contractId = ""; } var viewMode = "PC"; </script>  <script type="text/javascript"> var now = new Date(); var pageName = location.href; var channel = "NAR"; var server = document.domain; var pageType = ""; var prop1 = "NAR-Markets"; var prop2 = "NAR-Markets-Property"; var prop3 = ""; var prop4 = ""; var prop5 = page; var prop6 = now.getHours(); var prop9 = ""; var prop10 = ""; var prop11 = ""; var prop12 = ""; var prop25 = ""; var prop26 = ""; var prop27 = ""; var prop28 = authority; var prop29 = ""; var prop34 = viewMode; var prop35 = contractId; var prop44 = memberId; </script>  <script language="JavaScript" src="https://web.archive.org/web/20160505035602js_/http://parts.nikkei.com/parts/SC/NAR/s_codeNAR20141101.js"></script> <script language="JavaScript" src="https://web.archive.org/web/20160505035602js_/http://cdn.nikkei.com/parts/SC2/s_cDS.js"></script> <script language="JavaScript"> </script> <noscript><a href="https://web.archive.org/web/20160505035602/http://www.omniture.com/" title="Web Analytics"><img src="https://web.archive.org/web/20160505035602im_/http://nikkei.d1.sc.omtrdc.net/b/ss/nikkeicojpgrpmstallprod,nikkeicojpdsmstallprod,nikkeicojpnarprod/1/H.9--NS/0" height="1" width="1" border="0" alt=""/> </a></noscript>    <script> (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','//web.archive.org/web/20160505035602/http://www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-44606671-1', 'asia.nikkei.com'); // Set custom dimension if(login_flag != "undefined"){ ga('set', 'dimension1', login_flag); } if(authority != "undefined" && authority != ""){ ga('set','dimension2', authority); } if(memberId != "undefined" && memberId !=""){ ga('set','dimension3', memberId); } if( aid != ""){ ga('set','dimension4', aid); } if(viewMode != "undefined"){ ga('set','dimension5', viewMode); } if(contractId != "undefined"){ ga('set','dimension6', contractId); } // Send view ga('send', 'pageview'); // Send event if(NAR_js.isCount == true){ ga('send', 'event', 'Article', 'countUp', 'Article-countUp', NAR_js.user_view_count, {nonInteraction:true}); } if(NAR_js.oneClickFree == true){ ga('send', 'event', 'OneClickFree', 'view', 'OneClickFree-view',{nonInteraction:true} ); } setTimeout("ga('send', 'event', 'unbounce', '15_sec')", 15000); </script> <script> // Twitter api twttr.ready(function (twttr) { twttr.events.bind( 'follow', function (event) { var narURL = window.location.href; ga('send', 'social', { 'socialNetwork': 'Twitter', 'socialAction': 'follow', 'socialTarget': narURL }); ga('send', 'event', 'Twitter', 'follow', 'Twitter-follow',0,{nonInteraction:true}); } ); }); </script> <script type="text/javascript"> /* <![CDATA[ */ var google_conversion_id = 1000997403; var google_custom_params = window.google_tag_params; var google_remarketing_only = true; /* ]]> */ </script> <script type="text/javascript" src="//web.archive.org/web/20160505035602js_/http://www.googleadservices.com/pagead/conversion.js"> </script> <noscript> <div style="display:inline;"> <img height="1" width="1" style="border-style:none;" alt="" src="//web.archive.org/web/20160505035602im_/http://googleads.g.doubleclick.net/pagead/viewthroughconversion/1000997403/?value=0&guid=ON&script=0"/> </div> </noscript> <script type="text/javascript"> window._tfa = window._tfa || []; _tfa.push({notify:"action", name: 'page_view'}); </script> <script src="//web.archive.org/web/20160505035602js_/http://cdn.taboola.com/libtrc/nikkeiasianreview-sc/tfa.js"></script> </div> <script type="text/javascript">_satellite.pageBottom();</script> </body> </html>

CINXE.COM

Property