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Yields in Okayama and Hiroshima cities were the only ones that rose across all residential property types measured.
Ziv Nakajima-Magen from Nippon Tradings International outlines excerpts from their annual white paper on Japan’s property market.
Ikebukuro and Mitaka also popular according to data released by the AtHome property portal.
Large family rental condos saw strong rent rises in eight of nine measured areas.
Asset size for the mainly residential oriented REIT will be approximately 20 billion yen.
The data remains unclear whether the drop in applications is due to supply shortage or softening buyer demand.
Handover for buyers and renters will be in May of 2022 but Mori Building declined on announcing a specific date.
The partnership highlights the growing trend of real estate companies offering leaseback programs for residential properties in Japan.
The average price per square metre in 2021 was the highest level since 1990.
According to recent data released by the Japan Tourism Agency.
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