JT (Crop)

Written by

Azure Capital Fund Management Singapore Private Debt Fund Singapore Hedge Funds Lyte Fund Terence Wong Blue Suit

Terence Wong, CFA

CEO and Executive Director
Azure Capital

Japan Trailblazer

Oct 5, 2023

Singapore investors have been actively snapping up Japanese properties this year, surpassing all other countries with over US$3 billion. This surge comes as Japan’s economy and property market show signs of revival.

Jeremy Yong was ahead of his time, making a big bet on Japan over a decade ago when he founded Croesus Retail Trust, a company that operated Japanese malls and went public on the SGX in 2013. In under five years, Croesus’ assets grew threefold to over S$1.3 billion, attracting a privatisation offer from Blackstone, valuing the company at S$900 million. Shareholders who invested since the IPO nearly doubled their total return.