>

>

Bangkok Bank encourages customers to invest in Japanese real estate given weaker yen; offers yen loans

By Atiqah Mokhtar

/ EdgeProp Singapore |

March 1, 2023 6:34 PM SGT

Bangkok Bank has branches in Tokyo and Osaka and can provide yen loans to customers looking to invest in Japanese real estate (Picture: Bangkok Bank)

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - Bangkok Bank, one of Thailand's largest commercial banks, is encouraging customers to invest in Japanese properties ing light of a weaker Japanese yen. “There are great opportunities to invest in real estate in Japan’s tourism sector as the yen has depreciated by 30% and is at its weakest level in the past 50 years,” it states in a Feb 28 press release.

Thawee Phuangketkeow, Bangkok Bank’s senior vice president and general manager for Japan branches, points out that Japan’s weaker currency makes it an opportune time for high-net-worth customers and Thai businesses to invest in Japanese assets - whether to live in or for investment purposes - at a “special low price”.

He also argues that loans taken out to buy assets in Japan should be made in yen to reduce currency exchange risks. Bangkok Bank states in can provide loans in the local currency, allowing customers to take advantage of negative interest rates and eliminate currency exchange risks.

According to Phuangketkeow, who is also Bangkok Bank’s Tokyo branch manager, the bank is the only Thai bank in Japan that is licensed to operate like local Japanese banks, including providing deposit and loan services in yen. Bangkok Bank has branches in Tokyo and Osaka.

“We are confident that we deeply understand the Japan market and businesses. We have a team of Thai and Japanese people who are ready to be a ‘trusted partner’ to take Thai businesses and investors to the Japan market smoothly and to grow together in the long term”, Phuangketkeow remarks.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Far East Shopping Centre’s $908 mil en bloc deal aborted

2

World’s largest Mercure Hotel opens on Club Street

3

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

4

The Residences at W Singapore Sentosa Cove relaunches at prices from $1,648 psf, 40% below the peak

5

URA awards Zion Road site to CDL-Mitsui Fudosan JV, and Upper Thomson Road site to GuocoLand-Hong Leong JV

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00