18 Sep '17, 5am

Total real estate transactions in Japan totaled ¥1.3 trillion in Q1 2017, a 51% rise quarter-on-quarter.

Strong capital appreciation, stable rental yields, a weakening yen, and the upcoming 2020 Olympics contribute to Japan’s buoyant housing market. By Michelle Yee According to reports, Japan’s property market has remained buoyant despite the global slowdown. A report by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) revealed that the country’s overall residential property price index rose by 4.7 percent in January 2017 from the same period last year. “In Tokyo, existing condominium units’ average prices rose by 3.1 percent during the year to end-Q1 2017,” said the Land Institute of Japan (LIJ). A research report by CBRE, too, showed that total real estate transactions in Japan totalled ¥1.3 trillion (HK$90 billion) in Q1 2017, a 51 percent rise quarter-on-quarter and the highest first quarter since 2013. Some of the factors attributed to growth in Japan’s...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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