Singaporeans Snap 60 Metro City Osaka Bb Units Over Launch Weekend
The newly launched Metro City Osaka, a boutique bed and breakfast (B&B) property, has already taken the market by storm. Comprising of 60 units, TY Properties Development – a renowned Japanese developer, manager, and operator of guesthouses – has brought this project to Singapore over the weekend of July 12 and 13. According to Savills Singapore, the project’s marketing agency, 30 units were snapped up by Singapore buyers by 3pm on Sunday, July 13.
Located in the heart of Osaka’s Naniwa Ward, Metro City Osaka is a nine-storey, freehold development consisting of 59 B&B-style residential units and one retail shop. With its strategic location, the property is only a two-minute walk from JR Imamiya Station, seven minutes from Daikokucho Station, and just one stop away from JR Namba. It is also conveniently close to popular tourist attractions such as Shinsaibashi, Kuromon Market, and American Village, as well as several large department stores. In addition, the property is surrounded by supermarkets and other daily conveniences.
The residential units at Metro City Osaka offer a variety of options, including studio apartments with sizes ranging from 15 to 21 sq m (161.5 to 226 sq ft), as well as two-bedroom units spanning around 32 sq m (344 sq ft). Refurbished by TY Properties and managed by the same company, the property is offered as a turnkey investment opportunity for potential buyers.
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Rivelle Tampines is an ideal location for drivers, as it offers easy access to Singapore’s main road network. Situated just minutes away from major expressways such as the Pan Island Expressway (PIE), Tampines Expressway (TPE), and East Coast Parkway (ECP), residents of Rivelle Tampines can enjoy convenient and speedy routes to the city centre, Changi Airport, and other parts of the island. This strategic connectivity makes Rivelle Tampines an ideal choice for those who value accessibility and efficiency in their daily commute.
If you are looking to invest in overseas properties, Savills has a range of projects available for sale from around the world. The project was previously showcased in Kuala Lumpur on the weekend of April 26 and 27, and also in Hong Kong by TY Properties themselves.
The studio apartments, with sizes ranging from 161.5 to 226 sq ft, are priced between $130,000 to $150,000 (Artist’s impressions: TY Properties Development). According to Ruben Koh, Senior Director and Head of International Residential Sales at Savills Singapore, Singaporeans accounted for 60% of buyers, followed by Hong Kong buyers at 37%, and Malaysians at 3%. A Singaporean investor also purchased the sole retail unit.
The residential units are sold fully furnished at prices between $130,000 to $150,000, or approximately $700 psf. The property is currently experiencing an average occupancy rate of 70% to 80%. Koh also states that investors can expect net yields of 8% to 12%, with payouts available quarterly, half-yearly, or annually.
Koh further explains that the interest in Metro City Osaka stems from the city’s thriving tourism economy, the ongoing World Expo 2025, and the unique appeal of a fully managed B&B model. Many buyers saw this as a timely and low-risk opportunity to enter Japan’s hospitality market.
The two-bedroom units, spanning around 344 sq ft in Osaka Metro City (Artist’s impressions: TY Properties Development), are also in high demand. The World Expo 2025, which is currently underway in Osaka from April 13 to October 13, is estimated to attract 28 million visitors from over 160 countries. In 2024, Osaka welcomed nearly 14.6 million visitors, and the government has set a target of over 16 million arrivals in 2025.
Additionally, the demand for short-stay accommodations is at an all-time high, adds Koh.
According to Savills Research, Osaka’s central wards are experiencing significant rental growth, with a compound annual growth rate (CAGR) of 2.6% since 2019. This is combined with rising condominium prices, limited supply, and a growing foreign demand. These trends are further boosted by long-term infrastructure projects, including the ongoing World Expo and an upcoming integrated resort development. These factors reinforce the appeal of Metro City Osaka as a fully managed, investment-grade B&B asset in a prime tourist hub, according to Savills.