Revenue Per Available Unit (S$)
FY 2014
FY 2013
Best Western Shinjuku Astina Hotel
1
139
–
Citadines Karasuma-Gojo Kyoto
120
118
Citadines Shinjuku Tokyo
140
134
Somerset Azabu East Tokyo
118
106
Rental Per Square Metre (S$)
FY 2014
FY 2013
Actus Hakata V-Tower
2
28
32
Asyl Court Nakano Sakaue Tokyo
49
53
Big Palace Kita 14jo
2
25
27
Gala Hachimanyama I Tokyo
43
46
Gala Hachimanyama II Tokyo
43
47
Grand Mire Miyamachi
2
33
35
Gravis Court Kakomachi
2
24
26
Gravis Court Kokutaiji
2
25
27
Gravis Court Nishiharaekimae
2
23
26
Joy City Koishikawa Shokubutsuen Tokyo
46
49
Joy City Kuramae Tokyo
43
47
Roppongi Residences Tokyo
44
45
Zesty Akebonobashi Tokyo
50
53
Zesty Gotokuji Tokyo
46
52
Zesty Higashi Shinjuku Tokyo
50
54
Zesty Kagurazaka I Tokyo
49
53
Zesty Kagurazaka II Tokyo
51
54
Zesty Kasugacho Tokyo
38
41
Zesty Koishikawa Tokyo
45
51
Zesty Komazawa Daigaku II Tokyo
44
49
Zesty Nishi Shinjuku III Tokyo
47
50
Zesty Sakura Shinmachi Tokyo
43
48
Zesty Shin Ekoda Tokyo
41
45
Zesty Shoin Jinja Tokyo
44
47
Zesty Shoin Jinja II Tokyo
41
47
2014 Review
2014 started with an improved outlook of Japan’s economy with high expectations of a turnaround
from decades of deflation. The 2020 Olympics in Tokyo combined with the “Abenomics” revitalisation
package kept the outlook optimistic. Japan’s sales tax was raised from 5% to 8% in April 2014. The
April hike was cited as the primary cause for an unexpected contraction of GDP figures for two
consecutive quarters up to September 2014. According to EIU, overall GDP grew by 0.1% in 2014.
1 The property was acquired on 16 October 2014.
2 The property was acquired on 28 June 2013.
Pursuing Growth | 75
