Japan still a draw as Singapore property players look beyond Tokyo

[SINGAPORE] Japan’s property market remains a firm favourite among Singapore-based property investors, who continue to deploy capital into the country despite global interest rates coming down.

What has changed, however, is the type of Singapore investor making these plays and where they are looking. Rather than newcomers to the market, many of today’s buyers are those who have already invested in Japan and are now looking to expand their portfolios more strategically.

Melvin Chay, senior director of capital markets at Knight Frank Singapore, said: “While we still see pockets of investors that previously never had Japan on their radar, much of the capital inflows today are follow-on investments from investors that entered the market in the last two to three years.”