Tag Archives: Tokyo

Tokyo Properties Gallery

Due to overwhelming response, we are having another session this coming Sunday at Grand Hyatt Singapore 1-5pm. You are welcome to grace our event here if you are interested to invest into Tokyo properties, or even just to know abit more. Call 94772121 to book a slot.

Advertisements

Singapore Property Giant bought Japanese commercial properties for almost 50B yen

CapitaLand, through its mall business CapitaLand Mall Asia, acquire a portfolio of four office and retail properties in Japan’s Greater Tokyo Area, for about 51 billion yen (S$636.3 million) including transaction costs.

CapitaLand currently also owns and manages four shopping malls in Japan – namely Olinas Mall, Vivit Minami-Funabashi and La Park Mizue in Tokyo; as well as Coop Kobe Nishinomiya-Higashi in Kobe.

The Ascott Ltd, CapitaLand’s wholly owned serviced residence arm, owns and manages 46 properties with more than 3,500 apartment units in Japan. The group’s Japan portfolio also includes a 20 per cent stake in an office building – the Shinjuku Front Tower.

The acquisition will strengthen its foothold in Greater Tokyo, the world’s most populous metropolis, and increase the group’s total asset size in Japan to about S$2.5 billion.

The portfolio comprises two office buildings in Yokohama, Yokohama Blue Avenue and Sun Hamada; one office building in Tokyo, the Kokugikan Front; and, one shopping mall in Saitama, the Seiyu & Sundrug.

The long-term forecast of Greater Tokyo’s office market remains positive. The vacancies in central Tokyo expected to stay below 5 per cent through to 2025.

The Seiyu & Sundrug has a gross floor area (GFA) of close to 400,000 square feet, thus growing CapitaLand’s retail footprint in Japan by about 25 per cent to over 2 million sqft in GFA. Seiyu & Sundrug, in Saitama Prefecture, is the largest suburban mall within a three-kilometre radius.

Konnichiwa CDL

As one of its overseas expansion push, City Developments (CDL) has entered into the land of the rising sun, with the acquisition of a 20 per cent stake in a residential project in one of Tokyo’s poshest areas. The move is in line with CDL’s diversification strategy to accelerate its overseas expansion.

CDL bought the stake from Mitsui Fudosan Residential for a confidential sum. The 163-unit project, Park Court Aoyama The Tower, has a total gross development value of more than 50 billion yen (S$666 million).

Apparently the Japan’s real estate sector, in particular within Tokyo, is experiencing a strong boom in its residential market, with robust demand for well-located condominiums.

The project is in the Aoyama area within Minato ward – the centre of business activity, and home to the offices of many multinational corporations and foreign embassies.Park Court Aoyama The Tower, a 26-storey freehold development, is targeted at high-end domestic and foreign buyers.

Apartment sizes range from 389 sq ft to 3,789 sq ft, and an initial 55 units will be launched for sale. Prices will start from 178.8 million yen for a one-bedroom unit, 199.4 million yen for a two-bedder and 271 million yen for a three-bedroom unit.

CDL’s first partnership with its Japanese partner was in 2011 when it bought a prime site in Ginza for its flagship hotel in Japan. The site was developed into a 329-room hotel that is managed by Mitsui Fudosan Group. Park Court Aoyama The Tower is the second collaboration between CDL and Mitsui Fudosan Group in Japan.

To date, CDL (including Millennium & Copthorne Hotels, and CDL Hospitality Trusts) has poured in more than 50 billion yen in 2 residential developments and 3 hotels in Tokyo.

 

The Lion City ranks as the most popular destination after Bangkok.

According to a new Mastercard report for international visitors, Singapore is the most popular destination among Asia-Pacfiic spots after the capital city of Thailand.  The Thai capital attracted 21.9 million  visitors last year while Singapore draw 11.86m visitors.  Tokyo was next with 11.76m. Thailand dominated the top 10 locations by adding Phuket and Pattaya at 5th and 8th positions.

The top sources of visitors for Singapore were Indonesia, China and India. Visitors here spent $14.1b last year.

The tourist industry in Asia Pacific is the largest in the world.

On a separate note, Singapore’s Changi Airport bounced off from a weak start to 2015 to a record of 55.4m passengers passing through the airport.

image