| Japan's priciest plot of land hit a 22-year high even as nationwide prices notched a seven-year slide, widening the divide between major cities and the outlying regions, a government survey showed on Wednesday. Japan's market is already crowded with large foreign investors such as U.S. buyout firm Blackstone Group and Singapore's sovereign wealth fund GIC Pte.
Norges Bank Investment Management, which manages the world's largest sovereign wealth fund, also plans to open an office in Tokyo to seek real estate investment opportunities, a sign that more money is coming to Japan...............................................Full Article: Source
|