Nippon Tradings International
The price of new apartments in Tokyo toppled a 30-year-old record in 2021 as rising demand from dual-income households and increasing construction costs boosted the Japanese capital’s once-moribund housing market. The mean price of new condos in the Japanese capital and surrounding areas hit 62.6 million yen ($550,000) last year, topping the 61.2 million yen high watermark set in 1990.
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While Japanese tenants, from a landlord perspective, are normally extremely docile and headache free, and while tenancies are generally long and stable as a rule – there is one issue that, while not unique only to Japan, is more common here due to the country’s status as the world’s fastest ageing society – as landlords in Japan, our tenants are often elderly – which means that the likelihood of them becoming severely ill or passing away during their tenancy is higher than in most other countries.
View articleThe rate of offices standing empty in central Tokyo in November dropped for the first time since the pandemic began, an early signal that the worst could be over for the capital’s property market. Vacancies fell by 0.12 percentage points to 6.35% in Tokyo’s five main business districts, real estate brokerage Miki Shoji Co. said on Thursday. Since hitting 1.49% in February 2020, the lowest since the country’s economic bubble burst in the early 1990s, vacancies have surged.
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Higher fuel prices drove up Tokyo’s cost of living at the fastest pace in 16 months, although the increases were still tiny compared with those confronting consumers in other economies, where central banks are pulling back stimulus.
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The head of one of Japan’s biggest and most conservative insurance groups is looking to roll out nursing and preventive healthcare services in ageing societies around the world in a bid to become a global giant.
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Rising prices for Tokyo real estate are starting to make the Olympic Village condos in the Harumi district near Tokyo Bay an attractive proposition. More than 5,600 units for an estimated 12,000 residents will be made available at the development, called Harumi Flag.
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Foreign investment in Japan’s apartments more than doubled to US$5.9 billion in 2020 during the Covid-19 pandemic, from US$2.7 billion a year earlier, according to Real Capital Analytics, which tracks deals worth at least US$10 million. So far this year, the segment has attracted US$704 million in foreign capital with another US$161 million still pending.
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First, no other market in Asia has the liquidity and stability Japan offers. Not only does the country typically account for the largest share of annual transaction volumes in the region, it has long been perceived as a safe haven, underpinned by political stability, a relatively high level of market transparency and a large pool of core properties with creditworthy tenants…
View articleThe first step of your market research, and the most important building block of your future investment portfolio in the land of the rising sun, begins with what the Japanese value above all else – relationship building…
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The Olympic Games could act as a “show window” for Tokyo’s real estate, whether spectators are allowed or not. The approaching Games, as well as the increasing pace of Japan’s Covid vaccination campaign, is helping to fuel expectations for the country’s real estate investment trusts.
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Asia-Pacific industrial and logistics properties present a massive opportunity still in early innings. The majority of global institutional investors still have little to no exposure to this fast-growing, dynamic sector. Here are four examples of the trades shaping the Asian industrial real estate markets and why we are high conviction on these investment themes.
View articleJapan is struggling with the impact of aging demographics and very high government debt levels, which limit its long-term GDP growth potential to around 1 per cent per year…
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