And finally… cash-imi
Members of Hong Kong’s elite are set to descent on Tokyo in August, taking advantage of the historic weakness of the yen, to buy property at bargain prices.
A tour organised by Hong Kong-based property brokerage JP Invest will see visitors spend HK$128,000 (£13,457) per person on a stay at the Aman hotel in Tokyo’s Otemachi business district and at the Gora Kadan onsen in Hakone, as well as a seven-day hotel quarantine package in Hong Kong upon return.
Participants in the tour, who will be transported around Tokyo in a chauffeured Bentley and helicopter, are expected to focus on the post-pandemic pickings of the Tokyo property market, The FT reports.
The tour follows an influx of interest about property in the Japanese capital from hedge funds and ultra-wealthy clients keen to exploit the yen’s abrupt plunge to a 24-year low.