As Abenomics gives Japan’s sluggish housing market a new lease on life, there’s one group of investors looking to cash in on the market’s resurgence: the wealthy Chinese.
“Chinese individual investors now appear to be dipping their toes in the water and considering Japan as the next destination, a wave that could be reinforced as capital controls in China are lifted,” Freya Beamish, economist at Lombard Street Research wrote in a report titled ‘Japan’s House Party’.
Unlike Hong Kong and Singapore, hot spots for Chinese property investors in recent years amid government housing curbs at home, Japan’s housing market has seen little demand from mainlanders, Beamish said.
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