Japanese cities emerge as one of Singapore investors’ top destination in 2022

Office and logistics buildings were the commonly acquired properties.

A report by Knight Frank reveals that a total of S$13.7 billion outbound investment sales were recorded in Q4 2022 according to Real Capital Analytics (RCA), decreasing 22.4% from the previous quarter. 

Gateway cities in Japan were one of the top destinations of choice for Singapore investors. These acquisitions mainly comprised office and logistics buildings.

Here’s more from Knight Frank:

Between October and December 2022, notable deals that were clinched included M&G Real Estate’s purchase of a prime-grade office building, Minato Mirai Center, in Yokohama for more than S$997 million, as well as Gaw Capital Partners bagging a portfolio of logistics assets in Tokyo for some S$732 million. 

Other deals that characterised the outbound investment market in Q4 were Metro’s purchase of four purpose-built student accommodations in the United Kingdom for an estimated S$119.0 million, together with its acquisition of a retail centre in Australia in partnership with Sim Lian Group for S$85.7 million. The Land Managers also acquired an office asset in London for some S$30 million in October.