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Real estate
Japan senior living – A cloud of silver lining
Japan has emerged as one of the top three commercial real estate markets in the world, as a result of structural economic reforms, the launch of Abenomics in 2013, monetary expansion and flexible fiscal policy.
Combined with a progressively aging population and a low fertility rate, demand for senior homes across key regional cities in Japan has steadily increased. We anticipate this will only rise further in the next few decades.
Japan’s demographics has been shifting for decades, and now with a super-aged society, there is an even more heightened focus on the provision of elderly care.
Highlights
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Age and resilience
- The persistent demand-supply gap in senior housing and growing number of elderly couples without dependants
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Attractive sector attributes
- Income resilience backed by strong occupier demand and low vacancy rates
- Wide yield spreads and a window of opportunity to extract value
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Show me the money
- Rapid increase in an affluent senior population in key regional capital cities
- An outline of senior housing types and services
- Where are the opportunities?
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Japan’s cloud of silver lining
- An overview of what the sector has to offer
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