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Real estate asset price deflation in Tokyo sells for $1.8 billion |
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Friday, 22 September 2006 |
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apanese real estate is making moves again. According to some real estate gurus Japanese real estate can appreciate 50% over the next three years. The prices are depressed over a decade. The economy is pulling up and there are early signs that the Japanese real estate will make a solid upward movement in coming years.
Signs of asset price deflation in Japan area evident as Pacific Century Group’s landmark building in Tokyo sold today for $1.8 billion. American and European invest bankers and financial institutions are looking at Japanese real estate closely. As the world wide economies goes into deep recession in the coming years, Japanese economy will boom. Very low crude oil and natural gas prices, commodity price correction and a natural business cycle will help the Japanese economy. The biggest gainer will be the Japanese real estate. Japanese local investors will make moves after a little while as prices start going up. They will cautious in the beginning but later they will fuel to the fire. Edwina Baniqued
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