Back in February, when borders were still closed, Peter Young and his team invested in real estate assets in Japan. And whilst that time was full of uncertainties, he was confident and driven to invest in the country because of three factors: currency play, growing housing demand, and stability.
In 2022, the yen hit a 32-year low against the US dollar, primarily driven by interest rates.
"The [currency] is creating a lot of interest in investing in Japan, particularly in real estate. With a lot of the concerns in the market about interest rates and inflation, Japan is a market that, historically and currently, has very attractive and low-interest rates and low inflation," Young, CEO and Co-founder of private equity investment firm, QIP, told Singapore Business Review.
"Japan has historically been an investment market where you arguably see stability over growth," the QIP CEO added.
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