Buy a property below valuation AND replacement cost!

Someone asked me why I don't consider buying new built Japanese apartments for investment since I feel that a reflation is underway in the country.

Why Saizen REIT?

The value of the residential properties owned by Saizen REIT is below their replacement cost.

Buying at a discount to valuation is great but buying at below replacement cost is even better! When I invest in Saizen REIT now, I am buying at a discount to valuation buildings which are valued below replacement cost! How crazy is that?

Want to compete with Saizen REIT and other incumbents by building new similar apartment blocks? Must be bonkers to do so.

So, supply is not growing and demand seems like it could grow with Abenomics gaining traction. Things could look better in the next few years for Saizen REIT.

Related post:
Saizen REIT: Insiders are accumulating.

Ad hoc Annual Report for ASSI.

A potential advertiser asked me for some blog stats and I got this from Stat Counter today:

Click to enlarge.

The green bar for 2013 is so tall that a couple of numbers could not make it into the chart.

I left out year 2009 which was the year I started my blog since it didn't have numbers for a full year.

If I was not asked for this, I would not have gone to Stat Counter to check the numbers.

I thought since I have the numbers, I might as well publish them and share with my readers. You guys are the other half of ASSI. You make the numbers.

Thank you.