In 2009, there were a couple of very attractive properties that were on sale at discount prices in order to take precaution against oncoming financial pressures, however many properties were unsold due to strict financing conditions during recession. This year, a number of these properties successfully underwent transactions as a result of optimism that the worst of the recession has passed. Economic recovery is imminent and the overall attitude towards buying seems to be becoming optimistic. Many non-Japanese Asian investors are taking initiative to acquire Japanese prime trophy properties. They are expected to have a significant future presence in the Japanese prime asset market. Japan real estate market generates strong demand from global buyers for its maturity, stability and one of a kind trophy assets in all of Asia.

On another note, in the aforementioned fiscal year end period, Asterisk Realty successfully brokered a prime residential asset between a Japanese REIT and a global investment institution. We see this as a wonderful start to 2010 and we are currently in progress in connecting more distressed Japanese prime assets to global investors. Click here to read more »