Sekisui House has reentered the Japanese real estate investment market with a hefty pledge of 300 billion yen from August 2006 till January 2009. This investment will be directed to the very liquid market sectors including rental apartments.
Sekisui house took some major hits after the bubble economy burst, land prices dropped and their investment of several hundred billion yen planted in long term redevelopment projects was eroded badly. Understandably it has taken quite some time to recoup those losses and we have seen no more than a few billion yen invested in the last years.
Sekisui says it will make investments of around fifty billion yen a piece in major cities such as Tokyo and Osaka. The projects they invest in will be those that can be completed within five years.
This really is a major move into the faster moving side of real estate investments in Japan by Sekisui and will serve as yet again another shot in the arm for commercial and residential rental real estate in Japan. The fact they have chosen projects that can be completed within five years may suggest that Sekisui Executives feel the present rise in increases in Japanese real estate values will be a short cycle of less than ten years.
Sekisui House has reentered the real estate investment market with a hefty pledge of 300 billion yen from August 2006 till January 2009. Sekisui This investment will be directed to the very liquid market sectors including rental apartments.
Sekisui house took some major hits after the bubble economy burst, land prices dropped and their investment of several hundred billion yen planted in long term redevelopment projects was eroded badly. Understandably it has taken quite some time to recoup those losses and we have seen no more than a few billion yen invested in the last years.
Sekisui says it will make investments of around fifty billion yen a piece in major cities such as Tokyo and Osaka. The projects they invest in will be those that can be completed within five years.
This really is a major move into the faster moving side of real estate investments in Japan by Sekisui and will serve as yet again another shot in the arm for commercial and residential real estate in Japan. The fact they have chosen projects that can be completed within five years may suggest that Sekisui Executives feel the present rise in real estate values will be a short lived cycle of less than ten years.