Peter Young, CEO and co-founder of private equity investment firm QIP.
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quote of the day
The yen is creating a lot of interest in investing in Japan, particularly in real estate. With a lot of the concerns in the market about interest rates and inflation, Japan is a market that, historically and currently, has very attractive and low-interest rates and low inflation.
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5 Comments
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JRO
Sounds like people with a lot of money but little time to do research will lose a lot of money.
daikaka
Japan, especially Tokyo real estate is extremely undervalued when compared to rest of the world. Especially for newly built mansions, the companies which build the new mansions do not know how to price them and regularly under price them by 25-50%+, where you can immediately re-sell for a 25-50% profit if you can win the lottery for a new mansion.
Same with cars, where old cars are selling well above prices of new cars because of lack of supply vs. demand.
Japanese households are much wealthier than the data suggests and there will be a massive generational wealth transfer coming up soon so asset prices should explode in the coming decades.
Septim Dynasty
You forgot about the insane tax rate.
kurisupisu
So, Peter Young is suggesting that Japanese real estate is a good investment?
He obviously has never lived in Japan