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BCA Bullish on Japanese Real Estate

 
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Author BCA Bullish on Japanese Real Estate
HenryTo
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PostPosted: Tue May 15, 2007 10:02 am    Post subject: BCA Bullish on Japanese Real Estate Reply with quote
A general housing boom and a further development of financial products that cater to homeowners (such as home equity loans, reverse mortgages, etc.) in Japan will trigger not only a Japanese spending boom, but a global spending boom as well. If this happens, this will also significantly narrow the Japanese trade surplus.

http://www.bankcreditanalyst.com/public/story.asp?pre=PRE-20070511.GIF

Quote:
In contrast to most other major markets, Japanese real estate remains inexpensive. House prices have lagged the long-run trend implied by per capita GDP and are depressed relative to most other domestic assets. Moreover, small and medium businesses operating in this sector have become increasingly bullish, according to the recent upward adjustment in this component of the Shoko Chukin confidence survey.
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rffrydr
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PostPosted: Sun May 27, 2007 9:00 pm    Post subject: Reply with quote
And buying the least profitable buildings--but most able to leverage (stable full occupancy):

http://www.ft.com/cms/s/39a1ca98-0737-11dc-93e1-000b5df10621.html

Rates of Return at 3% and further rate increases to come (japanese banks have been holding back pass through out of "ceremonEY) this window may be closing.
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HenryTo
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PostPosted: Sat May 26, 2007 11:55 pm    Post subject: Reply with quote
A self-fufilling prophesy as more investors rush into Japanese real estate after a 15-year slump and a gain last year:

http://www.bloomberg.com/apps/news?pid=20601101&sid=aRJnYuafGneQ&refer=japan

Quote:
Government of Singapore Investment Corp. and Sumitomo Corp. will invest 150 billion yen ($1.2 billion) in retail properties in Japan, betting real estate prices will gain amid the economy's longest postwar expansion.
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rffrydr
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PostPosted: Tue May 15, 2007 1:08 pm    Post subject: Reply with quote
Do japanese live in houses???

Real Estate has been singled out by Fukui as a target. It's an excuse to get to "neutral" --Whether he can do anything about it is another question.
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Last edited by rffrydr on Sun Feb 08, 2009 9:54 pm; edited 1 time in total
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