The international real estate agency, Knight Frank, reported that investors from the UAE are among the largest real estate investors in Japan in 2023, among others from Singapore, the United States, and Canada. The agency’s recent report, reported by Bloomberg, stated that Singapore has become the largest investor in the real estate sector in Japan this year, driven by the weakness of the yen and increasing demand in the logistics and hospitality industries. According to the report, total inflows from Singapore have reached nearly three billion dollars so far in 2023, followed by investors from the United States, Canada and the UAE.
Christine Lee, head of Asia-Pacific research at Knight Frank, said in the report, “The Singaporean sovereign wealth fund’s purchase of six warehouses in Japan from Blackstone for $800 million contributed significantly to inflows from the country to Japan.” ».
Combined, foreign investors, including Goldman Sachs, KKR and Blackstone, have spent $2 billion on hotel deals in Japan so far in 2023, the most of any sector in Asian commercial real estate, according to the Property Index. Real Estate (MSCI).
2023-09-24 22:06:00
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