Tokyo property investments surge on rising rents
Prime office rents expected to rise by about 30% over the next 3 years
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[TOKYO] Investment in Tokyo properties is surging on prospects that rents will rise, boosting returns, even after a 20 per cent gain in prices since Japanese Prime Minister Shinzo Abe took office almost two years ago.
"There is a sense of value here that you don't find in other major office markets," said Jon Tanaka, Tokyo-based managing director of Angelo Gordon & Co, an alternative asset manager with about US$27 billion in assets.
"Japanese and offshore core buyers have capital available and they are very eager to find investment opportunities in Tokyo," he added.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
