• SHARE

Morgan Stanley, Deutsche Bank AG, and other investment banks are on track to sell a record amount of bonds tied to real estate in Japan, where rising property prices have created a safe haven from the subprime concerns afflicting other markets.

Sales of commercial mortgage-backed securities — loans to buyers of property repackaged into bonds — will probably reach ¥1.89 trillion in Japan this year, said Douglas Smith, managing director of commercial real estate at Deutsche Bank. CMBS Sales may rise 18 percent this year from last year’s record of ¥1.6 trillion, as Japan’s commercial land prices rose for the first for the first time since 1991.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW