>

Straits Real Estate acquires three residential properties in Japan

By Tan Chee Yuen

/ Straits Trading |

June 3, 2016 9:00 AM SGT

Straits Trading Company, through its subsidiary Straits Real Estate, has acquired three freehold residential buildings in Central Osaka, Japan for ¥6.2 billion ($77.2 million).

This acquisition marks Straits Real Estate’s maiden entry into Japan’s residential market. Due diligence is underway, and expected to be completed by end of the month.

The freehold properties — Luxe Taisho, Luxe Shin Osaka and Luxe Dome Mae —comprise 396 apartment units with average sizes of 291 sq ft. Luxe Shin Osaka and Luxe Taisho were completed in 1Q2016, while Luxe Dome Mae was completed in 1Q2015.

The apartments are targeted at potential tenants such as mid-level professionals and young households. All three properties are close to full occupancy and are income-generating.

The acquisition of this portfolio represents Straits Real Estate’s initial investment as part of a broader strategic plan to acquire additional residential assets in Greater Osaka and Greater Tokyo.

Tags:

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Emerald of Katong hits 99% sales at launch, averaging $2,621 psf

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

4

Sim Lian Group’s Emerald of Katong: Will it be another top-seller?

5

CDL sells 20% of Union Square Residences at an average price of $3,200 psf

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.