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Real Estate Realities by Ku Swee Yong

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17.

Japan property gets Olympics push

 

13 March 2014, The Business Times

A year is not considered a long time in real estate markets. This is especially so for a well-established and mature economy such as Japan, where during the ‘Two Lost Decades’, real estate prices remained flat after the property bubble burst.

Figure 1: Japan Residential Property Price Index. The value of condominiums have gone up, gradually appreciating about 10 per cent from January 2010 to October 2013. (Published 29 January 2014)

Images

Source: Ministry of Land, Infrastructure, Transport and Tourism, Japan

Since deflation ruled Japan’s economy from the mid-nineties till ...

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