Core locations
All assets in mature 23-ward districts with strong amenities and scarcity.
Tokyo Core Residential
REAL ESTATE FUNDS
Investment thesis
Tokyo’s 23 wards continue to see population inflows and stable housing demand, while core land supply is scarce and new residential completions are constrained. Globally, Japanese residential real estate offers leading rent-to-price ratios among major cities; a historically weak yen adds valuation-reset optionality.
The Group follows a long-term value approach, targeting core Tokyo housing for durable cash flow and capital appreciation rather than short-term trading.
Highlights
Quality housing
Need-based units near CBD, typically within a 10-minute walk of a station.
Stable rents
Low vacancy and predictable rental cash flow in core Tokyo.
Local operations
Standardised leasing, collections and maintenance with on-the-ground partners.
Flexible exits
Bulk sale, strata sale or institutional take-out, timed to the market.
Status
Two Tokyo-core residential vintages have been launched. Vintage I is on track to exit by end-2026, with an expected IRR of 15%–20% (indicative only, not a promise). Vintage II, the Sigma Asia-Pacific Select Fund, is in issuance with a 12–24 month life.