Japan property prices poised to pick up in 2025, and other headlines
For PropertyGuru’s real estate news roundup, Japan’s full-year commercial real estate investment volume for 2024 is expected to exceed the previous year’s record. In other updates, the hottest Bangkok property locations in 2024 are revealed, with their ranking based on single houses, townhouses, condos, and luxury houses. Lastly, housing projects totalling AED5.4 billion will be implemented for the benefit of residents in various parts of Dubai.
Investors expect Japan real estate prices to rise in 2025 – CBRE
Japan’s full-year commercial real estate investment volume for 2024 is expected to exceed the previous year’s record, reaching well above JPY4 trillion. As mentioned by RETalk Asia, CBRE expects real estate investment momentum to continue in 2025. CBRE’s 2025 Japan Investor Intentions Survey, conducted in late November 2024, found that investors’ willingness to purchase commercial real estate in Japan will remain high in 2025. When asked about their expectations for real estate price changes in 2025, the proportion of respondents who anticipate values to appreciate was higher than the results of the 2024 Survey for all asset classes except logistics.
Bangkok property hotspots revealed
Kaset Nawamin-Ram Intra and Bang Na-Samut Prakan were the hottest Bangkok locations for property demand in 2024, ranking among the top three to five for single houses, townhouses, condos, and luxury houses. Sumitra Wongpakdee, managing director of property researcher Terra Media and Consulting, said Kaset Nawamin-Ram Intra is served by both the existing Pink Line mass transit system and the planned Orange Line. “Bang Na-Samut Prakan is another popular location due to its proximity to Suvarnabhumi airport and key employment hubs such as industrial estates, following significant overseas investment in the electronics industry,” she said in Bangkok Post.
New residential projects worth USD1.5 billion announced in Dubai
The Vice President, Prime Minister, and ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, has given his approval for several housing projects totalling AED5.4 billion (USD1.5 billion) to be implemented for the benefit of residents in various parts of Dubai. According to PropertyNews.ae, 3,004 new homes for Emirati residents will be constructed in Dubai as part of the projects, 1,181 of which will be constructed in Latifa City for recipients of housing loans. The projects envision 606 new homes in Al Yalayis 5, 432 homes in Wadi Al Amardi, 398 homes in Al Awir 1, 200 homes in the Makan neighbourhood of Hatta, 120 homes in Oud Al Muteena, and 67 homes in Dubai’s rural and rural areas for recipients of the housing grant category.
The Property Report editors wrote this article. For more information, email: [email protected].
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