Chip investments to cause property deals
The Japanese government is subsidizing new semiconductor plants. These investments are also supporting fresh real estate investments in rather neglected regions like Kyushu and Hokkaido. According to the South China Morning Post report, the Hongkong-based investor Gaw Capital Partners has noticed this trend. Gaw already manages 3.8 billion dollar of property assets in Japan and now looks at the western island of Kyushu where the Taiwanese chip manufacturer TSMC is building an 8 billion dollar plant in Kumamoto prefecture in collaboration with Sony, to be completed later this decade. The Taiwanese company is planning a second factory in Kumamoto for completion in the late 2020s, Nikkan Kogyo reported in February. Real estate prices in Kumamoto have already gone up.
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