EXCLUSIVE: Singapore property buyers and investors were snapping up Japanese properties at the first Japan property exhibition to take place in Singapore this year.
The event, held by the ECG agency and featuring Tokyo property Concieria Mita in Minato-Ku, was attracting significant interest and a good number of sales, according to Sophia Leung, Senior Sales and Marketing Manager for ECG.
Speaking exclusively to PropertyGuru she said: “The Tokyo market is picking up and many buyers are looking to transact ahead of the planned consumption tax increase. Most Singaporeans are buying for capital appreciation although some are also buying for educational reasons.”
Leung added that her company plans to hold 30 separate Japanese property exhibitions in Singapore this year, and is confident that the stability of the country together with the forthcoming Olympics will play a big part in buying decisions.
Prices for units at Concieria Mita were starting at around S$420,000.
Japanese property exhibitions in Singapore were few and far between in 2013, but their number picked up towards the end of the year.
This article was written by Andrew Batt, International Group
Editor of PropertyGuru Group. To contact him about this or other stories
email andrew@propertyguru.com.sg
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