Japan Property Lures Singapore Investors on Osaka Casino Bet
- Weaker yen is boosting purchasing power for overseas buyers
- Foreign investment in Japan property doubled in first quarter
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Singapore investors are snapping up Japanese real estate, lured by a weaker yen and the prospect of tourism-driven growth in the second-largest metropolitan area Osaka.
International property agent FM Investment said it’s seen a fivefold increase in inquiries since Japan opened its borders in October, with Singapore making up about 70% of 800 requests between April and June alone, followed by Hong Kong. Second-quarter sales are double the volume of the whole of last year.