Mar 23, 2015

Norway sovereign wealth fund eyeing real estate in Tokyo, Singapore

Norway’s wealth fund is making final preparations for its first Asian real estate investment as it builds a portfolio of properties in the world’s biggest cities. After scouring Asia for investment opportunities, the $870 billion fund, built from Norway’s oil revenue, has narrowed its ...

Mar 16, 2015

Tokyo-area condo supply hit six-year low in February

The number of new condominiums put up for sale in the greater Tokyo area in February slipped to the lowest figure for the month in six years, the Real Estate Economic Institute reported. The new condo supply in Tokyo and the three surrounding prefectures ...

Jan 22, 2015

Mitsui Fudosan to build office tower in Manhattan

Mitsui Fudosan Co., Japan’s biggest developer, will build an office tower in Manhattan with an expected cost of ¥150 billion. The Hudson Yards project is the company’s second development in New York in two years and its largest overseas development ever. In 2013, it ...

Nov 27, 2014

U.S. pending home sales slipped in October

The number of Americans signing contracts to buy homes fell slightly in October as tight credit and lagging wages remained financial hurdles for would-be homebuyers. The National Association of Realtors said Wednesday its seasonally adjusted pending home sales index fell 1.1 percent in the ...