By Andrew Batt:
Singaporeans are being attracted to Japanese property investments in ever increasing numbers.
Last weekend saw what is believed to be only the second Japanese property exhibition to take place in Singapore when Jones Lang LaSalle (JLL) showcased Branz Roppongi, a project from Tokyu Land Corporation located in central Tokyo.
Doris Tan (pictured left), Head of Residential International Project Sales for JLL, told PropertyGuru: “We’ve seen strong interest and sales in Branz Roppongi. Buyers know and love Tokyo and they love the Japanese food and culture.”
Tan added that roughly half of the buyers she has seen are already owners of overseas property.
“Our clients have been asking us for Japanese opportunities and now we’re able to meet their needs,” she said.
Akihiko Mizuno (pictured right), Regional Director Head of Capital Markets for JLL in Tokyo, added: “The prices of Tokyo property are extremely favourable, roughly one fifth of what we see for equivalent properties in Singapore and substantially less than in other parts of the world.”
JLL will be exhibiting more Japanese property opportunities in Singapore during February.
Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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