Guest speaker Paul Ho provided forecasts on the Yen currency and Japan property market.
Highlights of PropertyGuru’s Japan Property Investment Show included an overview of the Yen outlook, the effects of Abenomics, and upcoming developments for the 2020 Olympics.
By Mindy Chong
Held for the second time on 18 and 19 November at the Four Seasons Hotel Singapore, PropertyGuru’s Japan Property Investment Show attracted more than 170 potential investors. Organised in partnership with Japanese developer Dualtap, highlights included an overview of the Yen outlook, the effects of Abenomics on Japan’s real estate boom, capital values and yields on Japan properties, and the various redevelopment plans and upcoming infrastructure developments in line with the 2020 Summer Olympics.
Paul Ho, chief mortgage officer at iCompareLoan.com, said: “The success of Abenomics in stimulating the economy is quite visible as we viewed some signs of economic recovery in Japan. The unemployment rate has dropped by 2.8 percent and the labour participation rate has increased. Despite the ‘flat’ market trend, the household debt incomes and rental yield incomes in Japan remain healthy.”
He added that there has been strong interest among both local and foreign investors to invest in overseas markets. This was witnessed in the enthusiastic response from participants during the show.
Winston Lee, regional head of special projects at PropertyGuru, shared that that there has been a slow and steady improvement in home prices in Japan. There is also a healthy occupancy rate in the Tokyo rental market of above 95 percent.
Many attendees were keen to capitalise on opportunities in Japan’s property market.
“The total number of households in Tokyo increased by 200,000 between 2015 to 2030 (4.2 percent). This trend also indicates that there is an increase in smaller-sized households and that more foreigners are joining the working population, which signifies the demand for smaller-sized properties,” he explained.
“PropertyGuru sees this as a perfect opportunity to bring this Japan property show to investors. With the upcoming 2020 Olympics, now is a good time for investors to invest in Japan property and to capitalise on the economic upturn because of Abenomics,” Lee added.
The exclusive show showcased the UENO VASTO VARDE XEBEC NIPPORI II and Xebec Otemachi residential projects.
If you missed the show, please watch our video at: bit.do/jpsnov2017videos. For more information on upcoming events, go to: www.pgevents.propertyguru.com.sg.
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