Study finds U.S. investors spending big on Asian properties; bargain prices attracted an estimated $10 billion in past year reversing a worry of the '80s

Article Abstract:

The E and Y Kenneth Leventhal Real Estate Group has conducted a study of property investments in Asia. Previous studies focused on the properties that Asian and Japanese investors were purchasing in the US. However, a reversal of fortunes due to the Asian economic crisis has resulted in a huge amount of money being invested in Asia by US real estate developers and investors. Thus, the survey conducted in 1998 shows $10 billion in American investment in 1998 which is five times that of Japanese investments in 1985.

Marketing procedures, Asia, Foreign investments, Surveys, Real property

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As Japanese tycoon laughs off debt debacle, rule-bound creditors can only watch and wait

Article Abstract:

Kichinosuke Sasaki is a real estate tycoon who used to have a net worth of $4.7 billion in 1990. However, Tokyo property values fell, resulting in a net worth of -$2.4 billion. However, Sasaki still gets to keep his property since seizing properties can be costly. Sasaki has formed a club called the Assn. for the Rebuilding of Japan's Economy which prepared a suit against the Bank of Japan and the Finance Ministry.

Finance, Sasaki, Kichinosuke

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Top Tokyo properties are bouncing back

Article Abstract:

Twenty of the most prominent business and residential districts in Tokyo, Japan, jumped in 1997 for the first time since 1991, in several cases by up to 5%. Moreover, a study reveals that the total returns on commercial properties posted positive in two of the city's eight largest business districts. Several economists claim a real-estate rebound would serve as the best boost to the country's economy.

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