Buying Real Estate

“Revitalizing Shinjuku: The Spectacular Launch of Tokyu Kabukicho Tower’s Entertainment Wonderland”

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“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.

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“Revolutionizing Urban Living: SETAGAYA Qs-GARDEN Unveils a Multigenerational Community for Enhanced Well-Being”

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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.

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“au Jibun Bank and SBI Sumishin Net Bank Shake Up the Japanese Home Loan Market: A Borrower’s Guide”

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Competitive Landscape in Japan’s

Home Loan Industry

: Unraveling the Impact of

Internet-Only Banks

 

The Japanese home loan market is witnessing fierce competition, with internet-only banks

 

such as au Jibun Bank and SBI Sumishin Net Bank leading the charge.

 

 

These banks leverage their lower operating costs to offer attractive interest rates

 

on variable-rate home loans.

 

Recently, au Jibun Bank expanded its preferential rates, reaching as low as 0.196%

 

for some customers. Meanwhile, SBI Sumishin Net Bank,

 

which has a market share of around 5%, reduced its refinancing rate to 0.299%.

 

 

Traditional banks are also competing by lowering their expenses through digitization

 

and offering competitive interest rates.

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Charming resort mansions in Yuzawa area, Niigata?: Think twice

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(Naeba ski resort in Niigata)

Sparkling ?

There are many resort condos in Yuzawa in Niigata for sale at a very reasonable price.

I found an interesting article about resort condos and would like to share the summary with you today.

 

After the burst of the bubble, the residents of the condominiums became elderly. 

Yuzawa Town, Niigata Prefecture, the Joetsu Shinkansen entered Ueno in 1985, and the entire Kanetsu Expressway was opened, becoming a tourist destination that attracts 10 million people annually. 

You can enjoy skiing and hot springs effortlessly from the Tokyo metropolitan area. 

In the bubble economy, 58 resort condominiums were built by 1993 with a total of approximately 15,000 units. 

According to real estate information company Tokyo Kantei, there are about 80,000 resort condominiums nationwide.

Yuzawa accounts for close to 20%.

 

However, the ski boom has gone, and prices have fallen due to oversupply.

About 30 years since the bubble, condominium users have also changed significantly.

According to the town, out of over 8000 townspeople as of April 2016, more than 1000 people registered the current address in apartments.

It accounts for 12% of the townspeople.

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Real estate investment in Japan : Beautiful Stories, Hard Realities

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Beautiful Stories, Hard Realities

Real estate agents/realtors are always holding seminars in Tokyo, Osaka and elsewhere, luring in amateur investors (for Japanese investors so far)

and telling them beautiful stories of how this person or that person got rich in the property market.

I never exaggerate such successes in my seminars, although of course they do exist.

Instead, I always tell the audience true stories from my experience and those of other clients and inexperienced investors, and in particular about the mistakes made.

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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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Do you need an inkan (seal, name stamp) to buy a property in Japan ?

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(How to use inkan)

What kind of documents do you need to have for the registration of your property ?

After you acquire your property, you want to register your ownership with the officials here, right ?

If you don’t register your ownership(title), you can not legally argue that your property is yours.

You need the officially backing from the government.

Japan has the system called ‘Real estate registration’ (FUDOSAN-TOUKI 不動産登記)

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Can foreigners get a MORTGAGE LOAN for home in Japan ? : Key Factors

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Are you curious about the mortgage loan in Japan ?

Few individuals have enough savings or liquid funds to enable them to purchase property outright.

It is normal for home purchases to be funded by a mortgage loan.

A mortgage loan is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds

for any purpose, while putting a lien on the property being mortgaged.

The home mortgage loan is widely available in Japan, too.

The best referral source for obtaining a foreign national mortgage loan is a local real estate broker that works in Japan.

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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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