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Land prices in Japan record largest increase since 2008 crisis | The Asahi Shimbun: Breaking News, Japan News and Analysis

Land prices in Japan record largest increase since 2008 crisis | The Asahi Shimbun: Breaking News, Japan News and Analysis
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Tokyo Apartment Prices Reach Record for Third Straight Year

(Bloomberg) Tokyo new condo prices jumped to a record for the third straight year in 2023, driven by low supply and rising building costs. Most Read from BloombergUpbeat Musk Can’t Soothe Tesla Investor Fears About GrowthRussia Says Ukraine Downed Plane Carrying Prisoners for SwapBoeing Halted From Further Max Production Increases by FAAHow Yemen’s Houthi Attacks Are Hurting the Global Supply ChainThe average price of a new apartment for sale in the Japanese capital and surrounding areas surg

Hong Kong s rich are shopping for Japanese real estate

Ascott Residence Trust Invests JPY10 4 billion to acquire four rental housing properties and first student accommodation property in Japan

Ascott Residence Trust (ART) will invest about JPY 10.4 billion[1] (S$125.0 million[2]) to acquire four rental housing properties and its first student accommodation property in Japan. The yield-accretive acquisitions are set to increase ART’s pro forma FY 2021 Distribution per Stapled Security by approximately 1.7%[3]. The average NOI yield[4] is expected to be about 4.0%. The five properties will be acquired on a turnkey basis from two different sellers on a willing buyer and willing seller basis. The transactions are expected to be completed between 1Q 2022 and 2Q 2023.

Glitzy high-rise offices lose luster as Japan works at home

(Feb 1): Japan’s decades-long love affair with status-symbol office towers is now fading, as the pandemic upends work styles and puts a strain on company finances. In a country where companies have long taken pride in owning their buildings, advertising agency Dentsu Group Inc. and logistics firm Nippon Express Co. are now considering selling their Tokyo headquarters. Avex Inc., an entertainment company, also plans to offload its head office in the Japanese capital. Companies around the world are paring office space as workers stay at home during the pandemic, giving firms an opportunity to save costs and raise cash. In Tokyo, office vacancies have surged to a five-year high and may continue to climb as the government urges people to work remotely to curtail the latest wave of coronavirus cases.

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