Japan REIT number to double in 2005

It is expected that the number of listed REIT in Japan will double to 30 in 2005.
The current yield on REIT is about 3.8% and we expect the REIT boon to continue
as long as there is a substantial gap between Japanese Government Bond returns,
currently 1.5% for 10 years, and REIT returns.
For the real estate market, that wil likely translate in a paradoxal situation with a continuous strong activity to build premium buildings for REIT, an increase in building value as well as decrease in rents provoked by the high supply of new buildings and also the contraction of demand resulting of Japanese poor demographics.

For more details see JMC site