Japan, tipped by many established property investors as being one of the property investment hotspots for 2014, was attracting the attention of Singapore property buyers and investors last weekend.
Local real estate agency OrangeTee was exhibiting Branz Azabu Mamiana-Cho – a 140-unit development from Grade 1 Japanese developer Tokyu Land Corporation, located in the centre of Tokyo.
Johnny Chng, the Head of International Projects for OrangeTee, told PropertyGuru: “The response from the public has been positive.”
Chng elaborated that the reasons why investors are looking at Japanese property investments at the moment include the government stimulus measures aimed at boosting the economy, the awarding of the 2020 Olympics to the country, and the strong Singapore dollar which adds to the affordability of Japanese property.
He also noted a strong rental market in the city, as well as the rental guarantees for 57 months that were on offer at this development.
Prices for units at the completed Tokyo project started from S$911,000.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.s
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