"Tokyo’s ultra-luxury residential market has grown considerably over the past half-decade on the back of multiple large-scale developments that have reshaped the heart of the city, Tokyo’s large number of UHNWIs, and a shift in preferences toward living in prime central locations. Within ultra-luxury residences, leasing has grown to become an increasingly attractive option for many relatively young and newly wealthy people due to the flexibility it provides."

"The latest data from REA Group shows the highest enquiry per listing by price has been seen in the $2 to $4 million plus market. A good example of this sector being under supplied was highlighted in the Eastern Suburbs."

"Tokyo’s residential market has demonstrated its defensive nature, supported by the capital’s stable residential demand. With the pandemic transitioning to an endemic state and the economy regaining its footing, the residential market is likely to continue steadily recovering. However, there are signs of caution with a handful of overseas investors looking particularly more keen than others. Concerns over interest hikes may cause some investors to assume a more cautious market outlook."

"Savills India’s latest report, Mumbai Residential Market Watch | H1 2022, covers the key trends in Mumbai’s premium, high-end and luxury residential segments. "

"After sound growth in previous quarters, average rents have stagnated across the 23W, with the C5W staying flat. Many young crowds have moved to Tokyo this quarter while the population remains below the pre-pandemic peak, suggesting that demand might take some time to recover. The recovery to pre-pandemic levels is likely to vary by submarket."