日本公示地价上涨2.7%，涨幅创泡沫后新高

Group 1 - The average national land price in Japan increased by 2.7% year-on-year, surpassing last year's 2.3%, marking the highest growth since 1992 after the bubble economy collapse [1] - The commercial land price in Tokyo's 23 wards rose by 11.8%, with the highest price location being the Ginza store of Yamano Musical Instruments at 60.5 million yen per square meter, up 8.6% year-on-year [1] - The influx of investment funds into Japan's real estate market is significant, with commercial real estate investment expected to reach 5.5 trillion yen in 2024, a 60% increase from the previous year [2] Group 2 - Approximately 1 trillion yen of the 2024 real estate investment will come from overseas investors, reflecting a 70% increase from the previous year [2] - Despite potential interest rate hikes by the Bank of Japan, the relatively low interest rates make the Japanese market attractive to foreign investors [2] - The office vacancy rate in central Tokyo was 3.94% in February, below the 5% threshold considered balanced, indicating strong demand [2] Group 3 - Global economic uncertainties, such as U.S. tariff policies, may reduce investment flows into Japan, potentially impacting rising land prices [3] - Labor shortages in the construction industry, alongside rising material costs, could lead to increased labor costs and adjustments in redevelopment plans for commercial land and apartment construction [3]