Japan’s resurgent real estate market: A haven for Singapore investors
WHEN it comes to the commercial real estate (CRE) market, Japan stands as the third most sought-after investment destination in Asia-Pacific for Singapore investors, trailing the Chinese mainland and Australia, albeit by a considerable gap.
Over the period from 2013 to the second quarter of 2023, an estimated US$16.2 billion has been poured into Japan’s CRE sector. Notably, 12 per cent of this investment occurred in the first half of 2023, underlining the burgeoning interest of late.
Undoubtedly, the Japanese government’s divergent monetary policies to lift prices domestically have been a boon to real estate investors, as the yen revisited multi-year lows against major global currencies.
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