Do you know ‘Otori-bukken’ ?
Truth be told,
We have to admit there are a number of
shady and dishonest real estate agents in Japan.
As a foreign investor considering investment opportunities
in the Japanese real estate market,
it’s crucial to be aware of the tactics some unscrupulous agents
employ to lure potential clients.
Are you an investor exploring alternative
real estate investment opportunities in Asia?
The recent changes in Singapore’s property tax regulations may prompt you to look elsewhere
for promising investments.
As a Japanese real estate agent specializing in assisting foreign investors,
I’m here to help you navigate this changing landscape and
discover the potential of Japan’s real estate market.
Contemplating Purchasing
Akiya and Turning It into a Hotel?
Uncover the Legal Considerations
for Change of Use
If you’re mulling over the idea of buying an Akiya (unused house) in Japan
and converting it into a hotel, it’s crucial to familiarize yourself
with the legal considerations involved in modifying the property’s purpose.
In this blog post, we’ll highlight the primary aspects you need to
keep in mind before diving into this thrilling endeavor.
Stay up-to-date and optimize your investment by following our business
blog for more news and valuable insights.
Invest in Japan’s Cultural Heritage:
How Foreign Buyers Can Transform
Abandoned Akiya Homes
into Profitable Ventures
As Japan’s population declines and properties go unclaimed, an emerging segment of buyers is seeking out
rural architecture in need of renovation.
There are about 8.5 million abandoned houses, or akiya, across Japan,
accounting for roughly 14% of the country’s housing stock.
This number is expected to rise as the population continues to shrink.
According to an article in NYT, Australian software developer Jaya Thursfield and his Japanese-born wife,
Chihiro, purchased an akiya for 3 million yen (about $23,000) after relocating from London to Japan.
Have you ever considered becoming
a digital nomad in Japan?
As the safest country in the world, Japan offers a diverse range
of entertainment options,
an unrivalled food scene and a unique blend of tradition and innovation.
With relatively affordable rent and a world-class healthcare system,
Japan is an increasingly attractive destination for digital nomads looking to
immerse themselves in a new culture and way of life.
Moreover, the Japanese government is actively encouraging
digital nomads and foreign investors
Will permanent residency be
given to foreign workers?
As a real estate agent in Japan targeting foreign investors,
it’s important to keep up-to-date on the latest changes to immigration policy.
On April 24th, the Japanese government proposed a significant expansion of
the “Specified Skilled Worker 2” residency status, which allows skilled foreign workers to work in Japan.
If approved, this would allow for unlimited employment of foreign workers in 12 sectors facing labor shortages.
Discovering Lucrative Opportunities in Japanese Real Estate
for High-Net-Worth Investors
Introduction:
Japan has long been an attractive destination for high-net-worth individuals
who appreciate its rich culture, modern cities, and stunning landscapes.
As the yen continues to depreciate and real estate prices remain relatively low compared to other global cities,
now is the perfect time for investors with a net worth of 1-2 million
US dollars to explore opportunities in the Japanese property market.
Prime Locations:
While Tokyo is the most popular choice for foreign investors,
other metropolitan areas such as Osaka and Nagoya also offer attractive investment prospects.
For those interested in resort properties, Hokkaido and Okinawa are becoming increasingly popular choices.
Example Properties in Tokyo:
Minato-ku, Tokyo: A luxurious 2-bedroom apartment in the upscale Minato-ku district offers
investors a taste of cosmopolitan living. With a price tag of around $1 million,
the apartment offers a potential rental yield of 4-5%.
Shibuya-ku, Tokyo: A modern one-bedroom apartment in the vibrant Shibuya-ku area offers
a more affordable investment option at around $500,000.
The potential rental yield for this property is approximately 3-4%.
Record Foreign Investments
Boost Japan’s Hotel Sector
Foreign investors are increasingly acquiring Japanese hotels
due to the nation’s recovering tourism industry, weak currency,
and low interest rates. In the past 12 months, overseas buyers accounted
for 47% of the ¥494.3 billion ($3.7 billion) invested in hotel deals,
the highest proportion since 2014. Factors such as low rates, the weak yen,
and market stability have made Japanese real estate attractive
to global investors amid economic uncertainty.
“Revitalizing Shinjuku:
The Spectacular Launch of
Tokyu Kabukicho Tower’s
Entertainment Wonderland”
Tokyu Kabukicho Tower, the latest colossal entertainment complex
located in the heart of Tokyo’s bustling Shinjuku district,
celebrated its grand opening on April 14th with a ribbon-cutting ceremony.
The state-of-the-art complex boasts a total of 48 above-ground and five underground floors,
reaching a staggering height of approximately 225 meters.
The tower is a symbol of modern luxury, offering guests an array of exceptional facilities,
including the lavish BELLUSTAR TOKYO Hotel, the contemporary HOTEL GROOVE SHINJUKU,
the captivating THEATER MILANO-Za, the premium 109 Cinemas Shinjuku,
and the vibrant live hall, Zepp Shinjuku (TOKYO). In addition to these core offerings,
the complex provides an extensive selection of dining options,
amusement experiences, and thrilling attractions.
Revolutionizing Urban Living:
SETAGAYA Qs-GARDEN Unveils
a Multigenerational Community
for Enhanced Well-Being
On March 27th, 2023, five large companies, including Dai-ichi Life Insurance,
Marubeni Urban Development, Aioi Nissay Housing, NTT Urban Development,
and Nomura Real Estate announced the opening of “SETAGAYA Qs-GARDEN”
in Setagaya, Tokyo.
The project aims to create a community that promotes the well-being of its residents
by constructing multi-generational housing,
sports facilities, and community centres on a 9-hectare site owned
by Dai-ichi Life Insurance.