Hotels and apartments stand in the Hirafu area of Kutchan, Hokkaido, Japan, on July 20, 2016. The Niseko area’s booming economy has spurred investment in luxury hotels, restaurants, and shops. Photo: Bloomberg

Japanese real estate set for downturn beginning next year, Jefferies says

Fund house downgrades real estate sector to ‘underweight’, warning prime office rents set to cool while apartments prices are already stretched

Topic |   Office rental

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Hotels and apartments stand in the Hirafu area of Kutchan, Hokkaido, Japan, on July 20, 2016. The Niseko area’s booming economy has spurred investment in luxury hotels, restaurants, and shops. Photo: Bloomberg
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