While China has the most billionaires in the world, the majority of Chinese investing in Japanese real estate are actually Chinese families and investment-driven individuals who are less wealthy, reports the Nikkei Asian Review (6 May 2016). Seeking Japanese properties selling for US$ 500,000 or less, these Chinese buyers are keen to invest in Japan, whose yields of up to 5% are superior to China, Hong Kong or Singapore where yields can only reach 2.6%. Furthermore, Japan property prices are a steal when compared to China property prices. According to Juwai.com CEO Charles Pittar, the recent rise of the Japanese yen will not deter Chinese buyers anytime soon, and would in fact cause an acceleration of Chinese purchases as they would endeavour to maximise their buying power. Pitter further adds that Chinese buyer enquiries on Juwai.com for Japanese properties has surged by 191% in 2015 from 2014.