PROPERTY
Recap keen on Japan market
Up to 30% price drops mean lucrative deals
- Published: 26/04/2011 at 08:50 AM
- Newspaper section: Business
Property prices in Japan have declined by 20-30% since the March 11 earthquake and tsunami, opening new opportunities for large-scale investors.
MSociety, with the Sky Park, will have 1,046 units sized between 28.63 and 59.34 sqmwith prices starting from 41,000 baht per sq meach. Construction will be complete by the end of 2012, and the company has a sales target of55% in the first six months starting from April 30.
The Singapore-based investor Real Estate Capital Asia Partners (Recap) bought a Japanese real estate investment trust (REIT) with 19 hotels in Japan's major cities.
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About the author
- Writer: Kanana Katharangsiporn
- Position: Business Reporter
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