futhermore, the properites market in tokyo are way under value by more than 10%...it is not a good time to sell their properites...
lucky is i bought my 1 mils units around 21 cents and all gone today...
recent bjt news is a proof "
Tokyo property sold cheap
4:00AM Saturday May 30, 2009
Babcock & Brown Japan Property Trust, an investment trust based in Sydney, sold its stake in a Tokyo property at an 18 per cent discount to the most recent valuation.
Babcock & Brown sold its 39 per cent stake in an office in Tokyo's Shinjuku district for 11 billion, the trust said in a statement to the Australian Stock Exchange on Thursday.
Babcock & Brown bought the asset for 8.26 billion in March 2005, and net proceeds to the trust will total about 6 billion.
- BLOOMBERG
futhermore, the properites market in tokyo are way under value...
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