Tag Archive for Real state investing

Want to capture the full view for Mt. Fuji from your house?: Handsome property in Fujigane for sale

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(View from the property)

Beautiful property with full Mt. Fuji view is now for sale in Fujigane, Fujikawaguchiko-cho,

Minamitsuru-gun, Yamanashi prefecture.

Google Map

Estate

House 165m2
Resident lot(land) 990m2
Agri land 19800m2 (massive land)

Access

20min to the shopping mall
20min to Kawaguchiko Station/Fuji Q Highland
Rural pastoral town, Expansive views
2hrs to Tokyo – door to door

Business opportunity

You can turn the house into a hotel and get a hotel license.

(*Additional investment is required)

The area receives tens of thousands of foreign tourists every year and it could be

a lucrative business.

View
Mt Fuji views 90% visibility.
360-degree panorama view

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Japanese real estate essentials: What kinds of taxes are imposed on real estate in Japan? 

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Tax matters.

In fact, the most expensive item in our life is not ‘real estate’ but ‘our government’.

And the government is the tax.

So what kinds of taxes are imposed on real estate in Japan? 

Real estate-related taxis include personal income tax, corporate tax, fixed-asset tax, city planning tax, real estate acquisition tax, registration tax, stamp duty, and consumption tax 

 

Personal income tax related to real estate is the tax on individuals who gain rental income or capital gain through the sales of real estate.

Corporate tax is a tax on companies that have taxable income. Therefore, their real estate rental income and any profit from a real estate sale have an impact on their total taxable income level.

The corporate tax rate in Japan is currently about 37% (as of July 2019) so if you have a very profitable property, it is wise to hold the title under a corporate name rather than an individual name.

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How is the market going?: TOKYO KANTEI Monthly report June 2019 (condominium market)

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Fine-looking market?

TOKYO KANTEI Monthly report June 2019

Remarks:

Source: Tokyo Kantei (June 2019) The market in central districts in Tokyo is starting to show the downtrend.

Red : Market movement (sellers listing price)

 

Tokyo Kantei (real estate think tank) just announced the latest report on the price movement of the second-hand condominium market.

 

The price of second-hand apartment buildings in major metropolitan areas continued to fall at ¥ 45.59 million in the 23 wards of Tokyo, down 1.5% from the previous month.

 

It is thought that this is due to the case share reduction in the central Tokyo area and weakness in the surrounding area.

In addition, Saitama City (-1.7%, 27.74 million yen) and Chiba City (-2.8%, 18.32 million yen) are also negative, and the rate of decline in Chiba City, where the number of cases from old buildings increased, was compared It became huge.

On the other hand, Yokohama City has maintained its upward trend, with + 0.9% at 31.12 million yen.

The average prices of major cities in the Kinki region (Osaka area) rose for three months in a row to 32.84 million yen, which is + 1.1% from

the previous month.

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Japanese real estate essentials: The city planning law : You need to understand before you buy a property in Japan

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What is the purpose of the city planning law ?

The city planning law which is set by the Ministry of land infrastructure transport and tourism (MLIT)

exists to regulate urban development.

The law divide Japan into mainly two parts :

1.The city planning area which is regulated by the city planning law

2. The non-city planning area which is not regulated by this law

City planning area is mainly divided into urbanization promotion areas where development is promoted and urbanization restricted areas where the development is restricted.

Urbanization restricted areas consist of agricultural, forestry and fishery projects.

Urbanization restricted areas are not allowed to build residential, office and retail properties.

*

For example, if you want buy a land in the agricultural areas, you may not able to build your own house.

Don’t forget to check the relevant law and regulation before you purchase such land.

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Buying a very affordable condominium in Japan ?: Do the due diligence

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Irresistible ?

I receive a number of inquiries about very affordable and yet old condominiums from foreign nationals.

They don’t know much about Japanese market.

Japan is facing serious social issues including ageing society and shrinking population.

And old condominiums are facing similar realities especially in the regional areas.

I am not saying all old condominiums are risky but please do not jump at the gun only because they are cheap.

You need to carefully investigate the property and check the potential risks.

Real estates are totally controlled by the market mechanism and they are cheap for a reason.

That said, if you carefully search, you could get a relatively good investment.

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How the commission for agents (realtors) works in Japan ?: Risks you should watch (YouTube)

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How the commission for agents (realtors) work in Japan ?
The system is very different from that of USA.

In the US, sellers pay the commission to the sellers agents (listing agents) and buyers don’t pay the commission.

(Later, sellers agents split the commission with buyers agents)

In Japan, a buyer pays the 3% commission to buyers agent and a seller pays the same 3% to sellers agent (listing agent)

3% is the statutory rate and not negotiable (it is but I don’t negotiate).

Japan has been infamous for the problem of “dual agency”.

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Fast track is available: Japan’s green card by the real estate investment ? : How long does it take and how ?　（YouTube Part-2)

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Part-2

Japan dramatically relaxed the green card regulations a few years ago.
Now you could get the green card by investing in Japan with 1 year stay.

Japan is not selling the green card but the real estate investment (or any other type of business

by establishing your entity here) should work very well.

Again the government is not selling the green card but you can
intelligently leverage the real estate investment for the preferential treatment.

I am discussing more practical strategy to get prepared and apply for the green card. 

There is even a fast track.

If you like Japan and want to contribute to my country in good ways, your investment should be

appreciated by the government.

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Controversial argument: Where are the places you don’t want to live in Tokyo ?

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(Machida)

Moving into a new place can be an exciting yet expensive decision.

It is essential that you view the property in person as the photos may (or may not) do the property justice.

You may be able to identify issues that are not present in the photos, which may not be up to date.

Visiting the property gives you a feel for the location and the neighbourhood.

In any cities, there are some neighbourhoods where you don’t walk in the middle of night alone.

In fact, in Tokyo there is almost none.

Maybe you may feel weird if you walk on the street early in the morning in Shinjuku Kabukicho but you won’t feel

extreme insecurity.

I recently read a book written by a guy called ‘Masayoshi Osaka’. The book is called ‘Where are the places you don’t

want to live in greater Tokyo ?’  It is highly controversial and full of prejudice such as race, income and business.

He is a reasonably well-known blogger, originally from Osaka.

He is running a media company “Tokyo Deep Guide” , which is the extreme biased media.

The media shines light not on the positive side of the cities/towns in Tokyo but on the negative side.

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Japan real estate market update : Market off to shaky start in 2019 amid price dip, sluggish demand ?

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Now, the real truth about the real estate market in Japan　!
I am often asked about the trend of the real estate market in Japan.

The most common question is

“Is it going to come off after Tokyo Olympics in 2020 ?”

What do you think ?

It is always difficult to predict how the market will behave but we can always make some analysis.

There are a few perspectives we should focus when analyzing the market.

First, let us walk through the recent high level market trend.

Average land prices in Japan rose from a year earlier for the first time in 27 years in 2018, fueled by the increasing foreign tourists and by urban areas where redevelopment projects are ongoing.
For example, the number of foreigners who stayed overnight in Kyoto in 2017 totaled 3.53 million, a record high.

The national average of benchmark land prices as of July 1 (in 2018) rose 0.1 percent from a year earlier.

The national average of commercial land prices was stronger than the residential segments and it went up
by 1.1 percent.

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