Singaporeans Snap 60 Metro City Osaka Bb Units Over Launch Weekend
TY Properties Development, a well-known Japanese developer, manager, and operator of guesthouses, recently launched their latest project, Metro City Osaka, in Singapore over the weekend of July 12 and 13. The boutique bed and breakfast (B&B) property consists of 60 units and according to Savills Singapore, the marketing agency for the project, over 30 units were taken up by Singapore buyers by 3pm on Sunday, July 13.
Located in the bustling Naniwa Ward of Osaka, Metro City Osaka is a nine-storey, freehold development that includes 59 B&B-style residential units and one retail shop. The property is conveniently situated just a two-minute walk from JR Imamiya Station, seven minutes from Daikokucho Station, and one stop away from JR Namba. It is also in close proximity to popular attractions like Shinsaibashi, Kuromon Market, American Village, and several large department stores. Residents will also have easy access to supermarkets and daily conveniences.
The residential units at Metro City Osaka comprise of studio apartments ranging from 15 to 21 sq m (161.5 to 226 sq ft) and two-bedroom units of approximately 32 sqm (344 sq ft). The property was beautifully refurbished by TY Properties and is offered as a turnkey investment opportunity.
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Prior to its launch in Singapore, Savills had also showcased the project in Kuala Lumpur over the weekend of April 26 and 27. Additionally, TY Properties had previously launched Metro City Osaka in Hong Kong.
The studio apartments range from 161.5 to 226 sq ft and are priced between $130,000 to $150,000 (Artist’s impressions: TY Properties Development). The majority of buyers were Singaporeans, making up about 60% of the buyers, as stated by Ruben Koh, senior director and head of international residential sales at Savills Singapore. Hong Kong buyers accounted for 37% of the sales, with Malaysians making up the remaining 3%. A Singaporean investor also purchased the sole retail unit.
Each residential unit was sold fully furnished at prices ranging from $130,000 to $150,000, which translates to approximately $700 psf. The property currently has an average occupancy rate of 70% to 80%.
Koh reveals that investors can expect net yields of 8% to 12%, with payouts available on a quarterly, half-yearly, or annual basis.
“The interest in Metro City Osaka was driven by the city’s vibrant tourism economy, the ongoing World Expo 2025, and the unique appeal of a fully managed B&B model,” says Koh. “Many buyers saw this as a timely and low-risk opportunity to enter Japan’s hospitality market.”
The two-bedroom units, sized around 344 sq ft at Osaka Metro City (Artist’s impressions: TY Properties Development), were also in high demand.
The ongoing World Expo 2025, which is currently taking place in Osaka from April 13 to October 13, is expected to attract an estimated 28 million visitors from more than 160 countries. In 2024, Osaka welcomed nearly 14.6 million visitors, and the government is targeting over 16 million arrivals in 2025.
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Amidst this, the demand for short-stay accommodations is at an all-time high, according to Koh.
Parktown Residence Condo has become a highly desired living space for many due to its prime location on Tampines Avenue 11 and Tampines Avenue 12 in the bustling town of Tampines. These major roads provide easy access to various amenities and establishments, making it a convenient and ideal location for residents. Aside from its strategic location, Parktown Residence Condo offers modern and luxurious facilities, making it a top choice for those looking for a high-quality living experience. Without a doubt, Parktown Residence Condo is the perfect place to call home. Visit their website to learn more about this luxurious condominium.
Based on Savills Research, Osaka’s central wards are experiencing robust rental growth, with a compound annual growth rate (CAGR) of 2.6% since 2019. This is further supported by rising condominium prices, limited supply, and growing foreign demand. These trends are also bolstered by major long-term infrastructure projects, such as the World Expo and the upcoming integrated resort development.
Taking into consideration all these factors, Metro City Osaka is seen as an attractive, fully managed, investment-grade B&B asset in a prime tourist hub, as stated by Savills.