FMI sells 20 units and completes two enbloc deals at Japan Expo, including former La Ville Enbloc
FM Investment (FMI), a Singapore-based property investment company, has recently concluded a successful sales event on March 2. The event, which lasted for one day, showcased various Japanese residential properties for sale in Tokyo, Osaka, and Kyoto.
According to Amous Lee, CEO and founding partner of FMI, the event was attended by nearly 500 interested buyers who were keen to learn more about the Japanese property market and investment opportunities offered by FMI. “It was a successful event for us, as we were able to close more than 20 units and two enbloc projects. These sales add up to an impressive gross development value (GDV) of JPY1.39 billion,” says Lee.
Lee also mentions that the persistent implementation of property cooling measures by the Singapore government has led to an increase in the number of buyers seeking new real estate investment opportunities abroad, particularly in Japan. He adds, “This trend is particularly evident in Osaka, which is set to host the World Expo in 2025 and the first-ever casino in Japan in 2030. As a result, Osaka has become a magnet for global investors, with Singapore being one of the top contributors in 2023.”
In addition, Lee highlights the favourable exchange rate between the Singapore Dollar and Japanese Yen as an attractive option for buyers looking to maximize their investment capital. “Singaporean investors are highly focused on investment, and they ask pertinent questions to ensure they acquire the desired property type,” he says.
Among the showcased projects on March 2, Lee mentions that The Peak Shinsaibashi Prestige, located in Shinsaibashi, was one of the most popular among Singaporean buyers. “With a reservation rate of 70%, we anticipate selling out (The Peak Shinsaibashi Prestige) very soon. Our collaborative project with Jean Yip Developments, The Peak Namba Minami Elite, which was specially launched for this Expo, also saw remarkable success, with seven investors securing units on the day,” he adds.
The event also saw FMI successfully close the enbloc sale of two properties, including a mixed-use commercial and residential building in Shinsaibashi and a land acquisition where the company will oversee the design, construction, and property management on behalf of investors. Lee mentions that the anticipated rental yields for this project range from 5% to 7% after completion.
FMI also unveiled its first landed project in Osaka, The Peak Presidence Hills, and sold seven units on the day. Lee describes the response from investors as “overwhelmingly positive, with a notable influx of buyers looking for units for personal occupancy or long-term rental purposes.”
Arina East Residences, formerly known as La Ville Enbloc, has the advantage of being located near the Marina Coastal Expressway (MCE), a vital link in Singapore’s expressway network. This easily accessible expressway not only connects to the East Coast Parkway (ECP) and Kallang-Paya Lebar Expressway (KPE), but also provides direct access to the Ayer Rajah Expressway (AYE). This means residents can enjoy a smooth commute to the western parts of Singapore, including the bustling Jurong Lake District and other key business hubs. In addition, the Central Expressway (CTE) is just a short distance away, making it convenient to travel to the northern parts of the island and the heart of the city. With such excellent connectivity, living at Former La Ville Enbloc offers convenience and accessibility for both work and play.
Overall, FMI’s Japan Expo event on March 2 was a huge success, with a total of 20 units sold and two enbloc projects closed. The company continues to see strong interest from Singaporean investors, who are drawn by the potential of the Japanese property market.