Exterior of the 60-unit Osaka Metro City B&B (Artist’s impression: TY Properties Development)
Metro City Osaka, a boutique bed and breakfast (B&B) property comprising 60 units by TY Properties Development — a Japanese developer, manager, and operator of guesthouses — was launched in Singapore over the weekend of July 12 and 13. According to Savills Singapore, the project’s marketing agency, over 30 units allocated to Singapore buyers were taken up by 3pm on Sunday, July 13.
Located in the heart of Osaka’s Naniwa Ward, Metro City Osaka is a nine-storey, freehold development comprising 59 B&B-style residential units and one retail shop. The property is a two-minute walk from JR Imamiya Station, seven minutes from Daikokucho Station, and one stop from JR Namba. It is also close to major attractions such as Shinsaibashi, Kuromon Market, American Village, and several large department stores. Other nearby amenities include supermarkets and daily conveniences.
The residential units include studio apartments ranging from 15 to 21 sq m (161.5 to 226 sq ft), as well as two-bedroom units of around 32 sq m (344 sq ft). The property was refurbished by TY Properties, which also manages the guesthouse, and is offered as a turnkey investment.
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Before the Singapore launch, Savills had showcased the project in Kuala Lumpur over the weekend of April 26 and 27. TY Properties had also previously launched Metro City Osaka in Hong Kong.
Studios range from 161.5 to 226 sq ft and are priced around $130,000 to $150,000 (Artist’s impressions: TY Properties Development)
Singaporeans accounted for about 60% of buyers, says Ruben Koh, senior director and head of international residential sales at Savills Singapore. Hong Kong buyers made up 37%, while Malaysians comprised the remaining 3%. A Singaporean investor purchased the sole retail unit, too.
The residential units were sold fully furnished at prices ranging from $130,000 to $150,000, or around $700 psf. The property currently enjoys an average occupancy rate of around 70% to 80%.
Koh notes that investors can expect net yields of about 8% to 12%, with payouts available on a quarterly, half-yearly, or annual basis.
“Interest in Metro City Osaka was driven by the city’s vibrant tourism economy, the ongoing World Expo 2025, and the unique appeal of a fully managed B&B model,” says Koh. “Many buyers saw this as a timely and low-risk way to enter Japan’s hospitality market.”
Two-bedroom units of around 344 sq ft at Osaka Metro City (Artist’s impressions: TY Properties Development)
World Expo 2025, currently underway in Osaka from April 13 to October 13, is expected to attract an estimated 28 million visitors from more than 160 countries. In 2024, Osaka welcomed nearly 14.6 million visitors, and the government is targeting over 16 million arrivals in 2025.
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Demand for short-stay accommodations is therefore at an all-time high, Koh adds.
According to Savills Research, Osaka’s central wards are experiencing robust rental growth — with a compound annual growth rate (CAGR) of 2.6% since 2019 — alongside rising condominium prices, constrained supply, and growing foreign demand. These trends are further supported by long-term infrastructure projects, including the World Expo and the upcoming integrated resort development.
Together, these factors underscore Metro City Osaka’s appeal as a fully managed, investment-grade B&B asset in a prime tourist hub, says Savills.
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