Bloomberg | Bloomberg | Getty ImagesForeign investments into Japan's real estate sector have been flourishing in the past year, buoyed by a weak Japanese yen as the country's central bank maintains its ultra-loose monetary policy.
"It is a golden period of Japanese real estate," Henry Chin, head of Asia-Pacific research at CBRE, told CNBC.
Foreign investors almost doubled their investment from a year ago to $2 billion in the first quarter of the year, the global real estate services company noted.
According to latest data provided by CBRE, total foreign investments into Japan's real estate market has risen 45% in the first half of 2023, compared to the same period last year.
The solid rebound in Japan's tourism sector following the ease in border restrictions has sparked a rise in hotel occupancies and hospitality investments, Knight Frank said in a recent September note.
Persons:
Henry Chin, Chin, Koji Nato, JLL, Knight Frank, CBRE's Chin, Knight Frank's, Christine Li, David Madison
Organizations:
Bloomberg, Getty, CNBC, Nato LL's, Capital Markets, U.S, APAC
Locations:
Tokyo, Japan, Asia, Pacific, Osaka, Singapore, U.S, Canada, Magome