(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)
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”.
Here is the latest testimonials by Israeli investor
Mr. Zamir is CEO of a jewelry company in Tokyo. He is a designer and his wife works with him.
The couple is looking for an investment property in Tokyo (most probably condo unit) for their retirement investment.
We offered them the consulting service.
We wish them a good luck.
When the key project takes a tumble ?
The Tokyo Olympics and Paralympics will be held in 2020 summer.
The athlete’s village will be actually renovated and sold as condominiums, rental apartments, and commercial facilities after the Olympics approximately four years after the games.
The development project after the Olympics was named “HARUMI FLAG”.
It is a massive project.
In light of very defensive movement of the new condos in last several months,
many industry figures are bracing for the outcome of the sales.
Total of 4145 condos units will be for sale and 1487 units of rental property (rental units) will be entering the rental market.
It is the biggest condominium development project by far in the industry history.
By the way, the consortium already announced that two high rise condo buildings will be also built in the site but the details are not
released yet. (the above 4145 units do not include two high rises)
The development area (Harumi Flag) will be accommodating about 12,000 residents.
The development is a very rare joint project by the consortium of Mitsui Fudosan Residential, Mitsubishi Jisho Residence, Nomura Real Estate, Sumitomo Real Estate,
and other 10 major developers will be engaged.
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.
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.
Part-1
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 (earliest)
The government is not selling the green card but you can
intelligently leverage the real estate investment for the preferential treatment.
How ?
Again Japan is not selling the green card.
However the real estate investment (or any other type of business
by establishing your entity here) should work if you are willing to invest and create your start up in Japan.
My latest YouTube video clip about the shady realtors in Japan.
Despite the very strong suspect which many industry specialists are pointing out, major brands are exploiting
both buyers and sellers all the time.
Please find out how they make money.
Their murky deals are long over due.Read more
My latest YouTube video clip about the bank loan scandal for the investment
by ARUHI.
ARUHI (SBI group) is accused for arranging the fraudulent bank loan for
the rogue real estate realtors and investors.
They all conspired with an accomplice to get a low-interest funding to buy an investment property,
which is only applicable to the housing.
Where is the most expensive location in Tokyo ?
Ginza in Chuo-ku.
You are right. In terms of face value, Ginza is the most expensive location in Japan and those expensive
locations are commercial areas.
What about the condos relative to the ratio of rent ?
With the rise in land prices, real estate has become difficult to buy year after year.
Where is the area which is relatively cheaper than other areas in terms of the payback period using
the rent you have to pay ?
Real estate research firm Tokyo Kantei announces “Condominium PER” every year for new condos
as one of the judgment criteria.