REAL estate investors are still keen on Japan, viewing it as one of the most attractive destinations for acquisitions, even after the Bank of Japan raised interest rates for the first time in 17 years in March. 

Japan was still the most active commercial real estate market in the Asia-Pacific region in the first quarter of 2024, with volumes up nearly 30 per cent from same period a year ago, said Pamela Ambler, JLL’s head of investor intelligence and strategy (Asia-Pacific).

Almost US$11.5 billion worth of investment deals were recorded in Japan in Q1, based on data compiled by JLL for The Business Times.