Phillip Capital steps up activity in Japan.
Adding yet more support to the group who very much believe real estate investment in Japan is a wise move today we see a major Singapore based financial services group operating since 1975 adding it's weight the Japanese Market.
This major Singaporean Financial services group dealing in Stocks & Shares, Futures & Forex, Gold, Unit Trust, Insurance, Home Loans, and Managed Accounts to mention some of it's main stream activities has bolstered it's position in Japan. Back in November 2005 we saw PhillipCapital tentatively step into the real estate market of Japan with the purchase a swank residential complex in Nishi Azabu. Today we note it has considerably stepped up it's presence in Japan.
Positioning itself to support the investment desires of Singaporeans wishing to get a piece of Japan's real estate growth. PhillipCapital based out of Singapore has established PhillipCapital Real Estate Japan and is estimating the start up fund for Japan at 10 billion Yen .
As the name suggests real estate investment is the focus of the newly established investment arm of the group. Specifically the investment of funds of Singaporeans looking to take advantage of the positive growth showing in the Japanese real estate market. Boasting 3,000 staff and shareholder funds in excess of US$300 million PhillipCapital is not a small player by any means and most certainly has it's ear to the ground regards the temperament of Singaporean investors. This venture takes PhillipCapital away from it's more traditional paper funds and products and sees it push head on into real estate investing in Japan.
Whilst PhillipCapital is within the braver advanced group of investment firms heading to Japan these days it is fair to predict we will continue to see the establishment of more offshore investments firm / funds here in Japan as the positive income returns and capital gains bed down for the medium term.