To be honest I really don't know crap about this sector except I work in HK and do a lot of work trading Japanese equities for my job and I know a lot of the small real estate stocks have been hammered because of credit problems.
Got an interesting email from a sales trader today thought I"d share with everyone looks like lots of real estate is for sale in Japan (albeit large projects a couple of million USD) check out this website http://www.suncity-web.co.jp/english/property/trade/index.html
From the little I know from my day job a lot of operators are being forced to sell (lots of bankrupcies in Japan recently with small RE developers and managers) due to credit problems bank calling in loans.
If anyone is cashed up or can get reasonable credit and is willing to invest a lot it might be an interesting buy.
Cheers
Tim
Got an interesting email from a sales trader today thought I"d share with everyone looks like lots of real estate is for sale in Japan (albeit large projects a couple of million USD) check out this website http://www.suncity-web.co.jp/english/property/trade/index.html
From the little I know from my day job a lot of operators are being forced to sell (lots of bankrupcies in Japan recently with small RE developers and managers) due to credit problems bank calling in loans.
If anyone is cashed up or can get reasonable credit and is willing to invest a lot it might be an interesting buy.
Cheers
Tim