Singapore is Japan's top property investor in 2023: report

TOKYO, Sep 25 (Business Times) - Singapore became the biggest investor in Japan's real estate sector this year, lured by the yen's weakness and growing demand in logistics and hospitality industries, according to Knight Frank.

Inflows from the city-state totalled almost US$3 billion so far in 2023, followed by investors from the US, Canada, and the United Arab Emirates, according to a report published this month.

Singapore's sovereign wealth fund GIC’s purchase of six warehouses in Japan from Blackstone for US$800 million contributed significantly to that, said Christine Li, Knight Frank’s head of Asia-Pacific research, in the report. ...continue reading