Kathleen Chu

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

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., ...

Jan 14, 2012

Builders tap postdisaster rush for quake-resistant homes

Ken Saishoji, a Tokyo real-estate agent, used to answer questions from potential apartment buyers about the proximity to train stations and prices, but that changed after the March disasters. “The question almost 100 percent of the customers ask first these days is how strong ...

Oct 26, 2008

Japan Post sets eyes on real estate development

Japan Post Holdings Co., with $30 billion’ worth of properties across the nation, will redevelop sites in central Tokyo, Osaka and Nagoya as it turns to real estate as a new source of profit, a company official said. The former state-run mail service that ...

Real estate deflation looms

May 2, 2008

Real estate deflation looms

Akira Mori, Japan’s richest man, spent a record ¥231 billion buying Tokyo’s Toranomon Pastoral Hotel last September. He now says it’s worth closer to ¥200 billion. “The boom we’ve enjoyed for the past few years is over,” said the 71-year-old chief executive officer of ...

Mar 15, 2008

Mitsubishi Estate eyes property manager M&As

Mitsubishi Estate Co., Japan’s largest developer by value, may buy property managers to more than double assets under management to ¥4 trillion ($40 billion) within six years as Tokyo commercial rents slow. Mitsubishi Estate, the main landlord in Tokyo’s priciest business district, is in ...

Dec 15, 2007

Real estate bond sales to set record

Morgan Stanley, Deutsche Bank AG, and other investment banks are on track to sell a record amount of bonds tied to real estate in Japan, where rising property prices have created a safe haven from the subprime concerns afflicting other markets. Sales of commercial ...