PCG CEO Ken Chan was interviewed by Bloomberg for this news article entitled “SKIING IN JAPAN IS GETTING A $1.4 BILLION UPGRADE CLOSE TO TOKYO”. Ken spoke about PCG and their long-term vision of developing a “luxury skiing paradise” in Myoko Kogen to rival Aspen, Whistler and St. Moritz. The journalists on this story were…
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In this Ask Me Anything (AMA) interview with Ken Chan, Founder, CEO/CIO of PCG, he spoke about the drivers behind Japan’s appeal as an investment destination for real estate. This includes his views on the macro trends underlying Japan’s long-term economic fundamentals, and what distinguishes it from other markets amidst the current uncertain global environment.…
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Looking ahead, Japan’s economic growth is expected to be driven largely by domestic demand, but the momentum of corporate governance reforms and China’s recovery are key to Japan’s sustained growth outlook. The housing market is forecast to remain resilient with stable vacancies and rising rents in key cities. The luxury housing sector benefits from a…
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Key Takeaways The value of the Japanese Yen (Yen) to The United States Dollar (USD) has plunged drastically over the past few months, to a 20-year low, due to interest rate differentials between Japan and the United States of America (USA).[1] Despite Japan’s high dependence on the import of natural resources, the Bank of…
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Economic Forecast Despite Omicron worries, Japan’s economy looks set to continue its gradual but consistent recovery following the successful of the Summer Olympics in August 2021, with mobility trends, business sentiment and confidence indicators all pointing to a broad-based economic recovery. Based on the Bank of Japan’s Tankan Survey in September 2021, often used as…
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https://www.savills.co.uk/research_articles/229130/321718-0
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Key Takeaways Asia economic recovery spurred by strong export growth, fiscal & monetary stimulus. Consumer confidence and household spending remain weak, consumers still “over saving” Japan’s economy similarly saw strong recovery in exports, lifting the manufacturing and automobile industries, but consumption, in particular the face-to-face services industry remained weak. Despite worse economic downturn than GFC,…
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Morgan Stanley acquires large office building in Yokohama’s Minato-Mirai 30.09.2021 PPFA Japan Six TMK, which is a special purpose company believed to be affiliated with Morgan Stanley, acquired 50% of the ownership in Yokohama Nomura Building in Minato-Mirai, Nishi-ku, Yokohama City. The price was around 33 billion yen [$290 million], according to sources. The sellers…
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COVID-19 is here to stay At the beginning of the pandemic, some optimistic scenarios painted eradication of the virus, and a return to normal within one-two years, similar to SARS in 2003. Most Asian countries which experienced SARS adopted a similar playbook: strict quarantine, universal mask- wearing, social distancing regulations, within months largely gaining control…
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UNWTO World Tourism Barometer predicts slower than expected recovery in international travel, Asia industry experts less optimistic International arrivals fell by 74% in 2020, with destinations worldwide welcoming 1 billion fewer arrivals yoy, vs the 4% decline recorded after the 2008 financial crisis. The UN’s World Tourism Organisation (“UNWTO”) estimates the economic fallout to reach…
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