Dash Living Blackrock Jointly Acquire Tokyo Multi Family Property

A potential game-changer in the Woodlands area, Norwood Grand Champions Way project is poised to make waves in Singapore’s real estate market. With an estimated starting price of nearly $2,000 per square foot, it is significantly higher than Parc Rosewood’s median resale price of $1,301 per square foot this year. This figure could even surpass $1,900 per square foot, potentially setting a new standard for prices in new developments in the area. The future holds great promise for Norwood Grand and its impressive potential to redefine the luxury property landscape in Woodlands.

Dash Living, a rental housing provider headquartered in Hong Kong, has joined forces with a BlackRock real estate fund to obtain a multi-family property in Japan. The partnership was announced in a press release on July 30th, with Dash Living declaring that the property, located in Higashi Komagata, Tokyo, will be its 15th in Japan.

The exact amount paid for the asset has not been revealed. The property consists of 29 units and is conveniently situated within a five-minute walking distance from the Ginza and Asakusa subway lines, as well as popular landmarks such as Asakusa Shrine and the Asahi Beer Factory. Additionally, it is easily accessible from various central business districts within 20 to 30 minutes by subway.

This latest acquisition is part of Dash Living’s ongoing expansion efforts in Japan. Last November, the company announced a partnership with global investment management firm Schroders to purchase a 49-key multi-family property in Tokyo. Dash Living further reveals that it has also recently procured two other assets in Japan through a collaboration with Creal, a real estate investment crowdfunding platform listed on the Tokyo Stock Exchange.

The involvement of private wealth continues to fuel real estate transactions, as demonstrated by this deal.