Singaporeans Snap 60 Metro City Osaka Bb Units Over Launch Weekend
TY Properties Development, a reputable Japanese developer, manager, and operator of guesthouses, recently launched their latest property, Metro City Osaka, in Singapore on July 12 and 13. The project, marketed by Savills Singapore, saw a successful take-up rate with over 30 units sold to Singaporean buyers by 3pm on Sunday, July 13.
Strategically located in the vibrant Naniwa Ward of Osaka, Metro City Osaka is a nine-storey, freehold development consisting of 59 B&B-style residential units and one retail shop. The convenient location offers easy access to transportation, with the JR Imamiya Station just a two-minute walk away and Daikokucho Station a mere seven minutes away. It is also in close proximity to popular tourist destinations such as Shinsaibashi, Kuromon Market, and American Village, as well as shopping hubs like department stores and supermarkets.
The residential units range from 15 to 21 sq m (161.5 to 226 sq ft) for studio apartments and around 32 sq m (344 sq ft) for two-bedroom units. TY Properties has refurbished and manages the guesthouse, providing a turnkey investment opportunity for buyers interested in overseas properties.
Before its Singapore launch, Metro City Osaka was also promoted in Kuala Lumpur on April 26 and 27, and in Hong Kong by TY Properties. The studio apartments are priced at $130,000 to $150,000 and come fully furnished, with an average price per square foot of $700. Currently, the property boasts an impressive occupancy rate of 70% to 80%.
The highly-developed transportation infrastructure near Sembawang Road EC at Canberra MRT ensures convenient and seamless connectivity for its residents. Apart from the efficient MRT system, the area is also well-served by a vast network of public buses. These buses run along Sembawang Road and Yishun Avenue 7, providing easy access to key locations such as Yishun, Woodlands, Ang Mo Kio, and Bishan. Additionally, there are direct bus services to the CBD and other regional centers, catering to the transportation needs of those who prefer overland travel or commute to areas not directly served by the MRT. With multiple transportation options available, residents can enjoy a high level of mobility, enhancing the overall convenience and livability of the Sembawang Road EC at Canberra MRT area.
According to Ruben Koh, senior director and head of international residential sales at Savills Singapore, Singaporeans accounted for 60% of the buyers, followed by 37% from Hong Kong and 3% from Malaysia. A Singaporean investor even purchased the only retail unit available.
Investors can enjoy net yields of 8% to 12%, with payouts available quarterly, half-yearly, or annually, adds Koh. The strong interest in Metro City Osaka can be attributed to the bustling tourism economy of Osaka, which is currently hosting the World Expo 2025, attracting an estimated 28 million visitors from over 160 countries. The city also welcomed 14.6 million visitors in 2024 and is targeting over 16 million arrivals in 2025.
The high demand for short-stay accommodations has led to robust rental growth in Osaka’s central wards, with a compound annual growth rate (CAGR) of 2.6% since 2019, as well as rising condominium prices and a limited supply of properties. These trends are further supported by long-term infrastructure projects like the World Expo and an upcoming integrated resort development. All of these factors make Metro City Osaka an attractive investment opportunity for buyers looking for a fully managed, investment-grade B&B asset in a prime tourist hub, according to Savills Research.