Japan will one day lay claim to the world’s tallest building, if new plans are to go ahead. The Sky Mile Tower in Tokyo, the capital of Japan, would measure 1,699m and host up to 55,000 people. It would be located in a Tokyo Bay, southeast of the city. The futuristic concept for the new… Read more »
Posts Categorized: Asia
Chinese Cash Floods US Real Estate Market
Canyon Lake Ranch was once a playground for Christian day campers, and then was a corporate retreat with water-skiing, barbecues and cowboy shoot-em-up shows. Hawks now circle above 108 sunbaked acres occupied by copperhead snakes, a few coyotes and the occasional construction truck. Soon this ranch will be a gated subdivision of 99 mini-mansions designed… Read more »
Will China Policy Change Bring Even More Foreign Buyers to NYC?
China’s Central Bank is moving forward with capital markets reforms that could make it easier for Chinese citizens to invest in New York real estate. The country’s monetary policymakers announced on Friday they may soon allow residents of a Shanghai free-trade zone to buy overseas assets directly – a trial run for the rest of… Read more »
India State Sets Aside Housing for Trans Citizens
In a first for India, Chhattisgarh state has set aside a 2% housing quota for its estimated 3,000 transgender residents. The move comes nearly a year after the Supreme Court recognized transgender citizens as third gender. In its ruling, the apex court directed governments to provide transgender people with quotas in jobs, education and basic… Read more »
Is China’s Real Estate Bubble Ready To Burst?
I’ve been warning that the greatest threat to the global economy is the bursting of China’s real estate bubble. It’s the largest and most extreme in the world. Prices for Shanghai real estate have gone up 650% since 2000 and 86% since the last peak in 2007. Here’s my question… what’s driving this bubble? The… Read more »
The Shanghai Gayborhood
Hey there, queermosexuals! If the number of housewarming parties in the past month or so is any indication, it’s time to upgrade your place of residence. While every neighborhood in the city has its perks and downsides (lots of sex shops but no street food, or plenty of cute boutiques but no eye candy —… Read more »
The Japanese are Homewreckers (Literally)
It turns out that half of all homes in Japan are demolished within 38 years — compared to 100 years in the U.S. There is virtually no market for pre-owned homes in Japan, and 60 percent of all homes were built after 1980. In [professor Jiro] Yoshida’s estimation, while land continues to hold value, physical… Read more »
