The Business Times
business-time-50
SUBSCRIBERS

Real estate investors still flocking to Japan, unfazed by marginal rate rise   

Investments across various property classes in the country remain compelling, industry experts say

google-preferred-sourceAdd BT as a preferred source
Jessie Lim

Jessie Lim

Published Thu, May 2, 2024 · 05:00 AM
    • Japan’s central bank raises the short-term interest rate to between 0 and 0.1 per cent, from minus 0.1 per cent.
    • Japan’s central bank raises the short-term interest rate to between 0 and 0.1 per cent, from minus 0.1 per cent. PHOTO: REUTERS

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    REAL estate investors are still keen on Japan, viewing it as one of the most attractive destinations for acquisitions, even after the Bank of Japan raised interest rates for the first time in 17 years in March. 

    Japan was still the most active commercial real estate market in the Asia-Pacific region in the first quarter of 2024, with volumes up nearly 30 per cent from same period a year ago, said Pamela Ambler, JLL’s head of investor intelligence and strategy (Asia-Pacific).

    Almost US$11.5 billion worth of investment deals were recorded in Japan in Q1, based on data compiled by JLL for The Business Times. 

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    JapanReal estate

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More