2014 was a monumental year for Japan’s real estate market. Japanese real estate transaction hits nearly JPY 1 Trillion by Non-Japanese Entities. This is a threefold increase from 2013.
Urban Research Institute Corporation reported that the total non-Japanese transactions in Japanese real estate was JPY 977.7 billion. The major transactions include:
Acquisition of residential business from GE
Over JPY 190 billion
Acquisition of Pacific Century Place Marunouchi in Tokyo (Office)
JPY 170 billion
Fosun Group and the US-based investment fund
A part of Shinagawa Seaside Forest Hill in Tokyo (Office)
JPY 70 billion
Nakano Central Park in Tokyo (mixed use complex)
JPY 38 billion
J6 Front in Tokyo (mixed use complex)
The 2015 transaction is expected to surge, thanks to weak yen and relatively low pricing of the assets.