Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Remember Me

Lost your password?

Register Now

Loading...
  • Capital Markets
  • Events
    • Mingtiandi 2025 Event Calendar
    • Mingtiandi APAC Residential Forum 2025
    • Mingtiandi Singapore Forum 2025
    • Mingtiandi APAC Logistics Forum 2025
    • Mingtiandi APAC Data Centre Forum 2025
    • Mingtiandi Tokyo Forum 2025
    • More Events
  • MTD TV
    • Residential
    • Logistics
    • Data Centre
    • Office
    • Singapore
    • Tokyo
    • Hong Kong
    • All Videos
    • Post-Event Stories
  • People
    • Industry Moves
    • MTD TV Speakers
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Higher Interest Rates to Roil Japanese Mortgages and More Asia Real Estate Headlines

2022/12/23 by Christopher Caillavet Leave a Comment

Tokyo housing skyline

Many Japanese fear they may eventually start paying more for mortgages (Getty Images)

In today’s roundup of regional news headlines, the Bank of Japan’s U-turn on ultra-low rates triggers heartburn among mortgage borrowers, and Singapore awaits an influx of new housing supply.

Japanese Homeowners Face an Unfamiliar Headache: Higher Mortgages

When salaryman Takayuki Nakamura bought his Tokyo home last year, he got a floating-rate mortgage at a rock-bottom 0.35 percent and an assurance from the real estate agent that rates weren’t going anywhere. After this week, he’s not sure.

“On Tuesday, all of a sudden I’m hearing the interest rates are going up,” said the 48-year-old father of two. “It’s kind of obvious that I’m going to end up paying more.” Read more>>

New Home Influx May Ease SG Rental Pressures, but Supply Crunch Looms

The influx of new homes in 2023 may ease Singapore’s rental pressures, but the jury is still out on whether home leasing activity will slow or stay robust.

Over 18,000 new private homes, excluding executive condominiums, are slated for completion next year, OrangeTee said Friday. A bulk (9,139 units) of the new home completions are located in the Outside of Central Region, followed by the Rest of Central Region (6,617 units) and the Core Central Region (2,478 units). Read more>>

Singapore En Bloc Tenders Close Without Bids

The collective sale tender for People’s Park Centre and Loyang Valley recently closed without bids, making them the latest en bloc sites not to find buyers this year.

For People’s Park Centre, this is the 99-year leasehold mixed development’s second attempt at a collective sale. It was first put up on 6 July at a reserve price of S$1.8 billion ($1.3 billion), closing on 18 August with no bids. Read more>>

Lum Chang Wins S$110M Deal to Build Hotel Along Singapore’s Orchard Road

Singapore construction player Lum Chang’s wholly owned subsidiary Lum Chang Building Contractors has secured a tender to build a 19-storey hotel along Orchard Road for S$110 million ($81.5 million).

The contract was awarded by UOL Property Investments and is scheduled to be completed over a 36-month period starting from April next year. The hotel is expected to have 246 rooms with ancillary facilities, the company said Thursday. Read more>>

Alibaba Launches Third Japan Data Centre in Tokyo

Alibaba has launched a new data centre in Tokyo, marking the third facility in Japan under the Alibaba Cloud/Aliyun unit.

“The third data centre launch underscores our continuous commitment to serving local Japanese customers’ digital transformation demands,” said Unique Song, general manager for Japan at Alibaba Cloud Intelligence. “With our proven innovations and competitive solutions that meet strict security and compliance requirements, we are determined in our mission to support our customers in the digital era.” Read more>>

Swire Hits First Closing on Buyout of Chengdu Project

Swire Properties has achieved the first closing in its RMB 5.55 billion ($800 million) buyout of Sino-Ocean Group’s interest in the partners’ Chengdu mall development.

Beijing-based Sino-Ocean is selling its half-stake in the project to Swire via a series of three transactions until the end of next April. Read more>>

Regency Park Penthouse Is Singapore’s Top 2022 Housing Transaction

The sale of a 6,415 square foot (596 square metre) penthouse at Regency Park on Singapore’s Nathan Road was the most profitable transaction in the city-state for the year, changing hands for S$14.1 million ($10.5 million) on 31 August.

The seller bought the unit for S$5.5 million in April 1998, thus reaping a profit of $8.6 million (156.6 percent) on the transaction or an annualised profit of 3.9 percent over nearly 24 and a half years. Read more>>

Lotte Mulls Building Transit Hubs in Retail Stores for Air Taxis, Drones

South Korea’s Lotte Engineering & Construction Co says it’s considering building vertiports on the rooftops of its retail affiliates, such as Lotte Department Store and Lotte Mart.

Vertiports refer to sites for electric vertical take-off and landing and are essential for the operation of air taxis and drones. Read more>>

Tune in again soon for more real estate news and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: Lotte, Swire Properties

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

  • This field is for validation purposes and should be left unchanged.

MTD TV

ESR, CapitaLand, Nuveen, JLL See Rising Data Centre Demand in Japan, Korea: MTD TV
Taiyo Taimi Norges
AXA, UBS, Alyssa, Norges Share Top Japan Strategies at Tokyo Forum

More MTD TV Videos>>

People in the News

EQT_David Kim
Asia Real Estate People in the News 2025-06-21
singh-anshuman
Asia Real Estate People in the News 2025-06-16
Raymond Lee Paul Hastings
Law Partner Picks Up Hong Kong Home of Former Birmingham City Boss for $37M
Teo Chee Hean Temasek
Asia Real Estate People in the News 2025-06-09

More Industry Professionals>>

Latest Stories

Chan Hung Ming Grand Ming
Bain Capital in Exclusive Talks to Acquire Hong Kong Data Centre Projects for Up to $274M
Stuart Dawes Gateway
Aussie Shed Surge Continues with $87M Gateway Portfolio Disposal
EQT_David Kim
Asia Real Estate People in the News 2025-06-21

Sponsored Features

How to Create a Win-Win for Investors and Occupiers
Lingeage Logistics Cold Storage Complex
Mount Maunganui Cold Storage Facility for Sale
7 in 10 Senior Directors Confident in Data Centres, but Talent Shortage Will Widen

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Mingtiandi 2025 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Memberships
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2025 China Advertising Media Ltd (Samoa). All rights reserved.

We use cookies in accordance with our Privacy policy to provide the best user experience on Mingtiandi and to safeguard user data. By continuing to browse you consent to the policy. AcceptRefuse