Kathleen Chu

For Kathleen Chu's latest contributions to The Japan Times, see below:

Salarymen sidelined as Chinese descend on Japan property market

Jul 3, 2015

Salarymen sidelined as Chinese descend on Japan property market

The trend has already hit Sydney, Vancouver and the U.S. Now it’s happening in Japan: busloads of real estate buyers from China are coming in, buying up homes and pushing prices higher. Realty agencies in Beijing are organizing twice-monthly tours to Tokyo and Osaka, ...

Car-pooling shows growth potential over long distances

Apr 23, 2015

Car-pooling shows growth potential over long distances

Stuck in traffic heading out of Tokyo, Kohei Miwa noticed how few of the cars near him on the expressway were carrying passengers. “It occurred to me that car-pooling would be one way to reduce traffic jams,” said Miwa, a 38-year-old former banker who ...

Blackstone to acquire GE Japan's apartment unit for $1.61 billion

Nov 21, 2014

Blackstone to acquire GE Japan's apartment unit for $1.61 billion

Blackstone Group LP agreed to buy GE Japan Corp.’s residential property business for more than ¥190 billion to expand its apartment holdings in Japan. The business being acquired owns and operates more than 200 properties with more than 10,000 residential units, mainly in Tokyo, ...

Billionaire Mikitani builds new Tokyo house as luxury prices gain

Sep 29, 2014

Billionaire Mikitani builds new Tokyo house as luxury prices gain

Billionaire Hiroshi Mikitani, Japan’s fourth-richest man, is building a house in central Tokyo that is estimated to cost at least ¥2.3 billion, underscoring a shortage in the city’s luxury housing market. The two-story house is on an 880-sq.-meter site in an exclusive neighborhood in ...

Temp workers threaten housing recovery

Mar 24, 2014

Temp workers threaten housing recovery

Momoko Suzuki quit her sales job in Tokyo and took a temporary position so she could pursue her film ambitions. Suzuki’s employment change may force her to abandon another goal — owning a home. “I am single and I am a temporary worker, which ...

Vacant homes highlight hole in 'Abenomics'

Sep 18, 2013

Vacant homes highlight hole in 'Abenomics'

Pieces of broken wood dangle and sway like autumn leaves from the window frames of vacant homes in the Inariyato district in Yokosuka, Kanagawa Prefecture, where taped-over mailbox slots tell a story of abandonment. More than 50 houses and apartments, almost 20 percent of ...

Tokyo real estate lures Asian bargain hunters

Aug 6, 2013

Tokyo real estate lures Asian bargain hunters

When Julia Chang, a 48-year-old Taiwanese who divides her time between Taiwan and Tokyo, decided to diversify her family’s overseas investments, she settled on real estate in the Japanese capital, where prices have slumped for two decades. Chang, a former flight attendant, is looking ...

Mori plans ¥100 billion in property buys, rent hikes

Nov 29, 2012

Mori plans ¥100 billion in property buys, rent hikes

Billionaire Akira Mori plans to buy as much as ¥100 billion in properties in Tokyo, New York and London, his company’s first investment of this scale since 2008, as local real estate values recover and the yen strengthens. The owner of Mori Trust Co., ...