Tag Archive for property investing

“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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Rising Used Condominium Prices in Tokyo and Major Japanese Metropolitan Areas: A Closer Look at the Trends

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Rising Used Condominium Prices in Tokyo and Major Japanese Metropolitan Areas

Tokyo Kantei Press Released on March 23, 2023

 

Major Cities in the Three Major Metropolitan Areas: Monthly Trends in Used Condominium Prices (70 sqm)

In February, used condominium prices in the Tokyo metropolitan area increased

by 0.4% compared to the previous month, reaching 48.66 million yen,

marking the third consecutive month of increase.

In central Tokyo, prices once again surpassed the 100 million yen mark.

The average prices in the Kinki and Chubu regions also continued to rise modestly,

with no significant downward movement seen in the market.

In February 2023, used condominium prices in the Tokyo metropolitan area

rose for the third consecutive month, with a slight increase of 0.4% compared to the previous month,

reaching 48.66 million yen.

 

When looking at the data by prefecture, Tokyo saw an increase of 0.7% to 64.41 million yen,

surpassing the record high set in December of the previous year.

 

In Kanagawa Prefecture (+0.4%, 36.68 million yen), prices continued to rise compared

to the previous month, while in Chiba Prefecture (+1.7%, 28.29 million yen),

prices have been on an upward trend since April of the previous year.

 

On the other hand, prices in Saitama Prefecture decreased slightly by 0.4% to 30.49 million yen,

marking the first decline in six months.

 

The average price in the Kinki region increased for the first time in two months,

with a slight increase of 0.2% to 29.14 million yen, due to the strength of the Osaka area.

In Osaka Prefecture, the price showed a similar movement with a 0.2% increase to 31.28 million yen,

but it did not surpass the level reached in December of the previous year.

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Japanese Condominium Prices For Investment Reach Record High in Q1 2023 (by Rakumachi)

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Rakumachi, a real estate website in Japan, conducted market research for the first quarter of 2023

and found that the prices of all types of investment properties in Japan have increased.

(Not property for living)

 

The average price of one-room apartments increased to 74.95 million yen,

the average price of one-building apartments rose to 277.9 million yen,

and the average price of condominiums rose to 18.81 million yen.

One-room apartments had a yield of 8.98%（gross yield), while one-building apartments had a yield of 7.52%(gross yield),

and condominiums had a yield of 6.87% (gross yield).

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Tokyo Metropolitan Area Housing Prices Rise for 11 Consecutive Quarters by Nomura Real Estate

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Tokyo Metropolitan Area Housing Prices Rise for 11 Consecutive Quarters

Nomura Real Estate Solutions Co., Ltd. announced the results of its

“Housing Price Trends” survey for the Tokyo metropolitan area as of April 1, 2023, on April 6.

 

The fixed-point survey is conducted quarterly, with 169 survey points.

 

The average rate of change for the first quarter of 2023 in the Tokyo metropolitan area

 

housing prices was 0.7% (the same as the previous survey),

 

marking an increase for the 11th consecutive quarter.

 

The percentage of “price increase” points rose to 31.4% (from 30.8%),

 

“stable” points decreased to 65.7% (from 66.9%), and “price decrease” points increased to 3.0% (from 2.5%).

 

By area, all regions experienced an increase for the 11th consecutive quarter.

 

Tokyo’s 23 wards increased by 1.1% (from 1.3%), Tama area of Tokyo increased by 0.9% (from 0.5%),

 

Kanagawa increased by 0.5% (from 0.3%), Saitama increased by 0.6% (from 0.5%), and Chiba increased by 0.5% (from 0.7%).

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What is the point system for highly skilled personnel? (Japan’s green card)

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What is the point system for highly skilled personnel?

 

Are you looking to work and live in Japan as a highly skilled professional?

 

If so, the Highly Skilled Foreign Professionals system may be just what you need.

As a real estate agent targeting foreign nationals, it’s important to provide information

about this program to your clients.

 

This system was introduced in 2012 to provide preferential treatment for highly skilled professionals from overseas,

with the aim of promoting economic growth.

 

To qualify for the program, candidates must accumulate a certain number of points based on the criteria

such as academic achievements, work experience, and salary level.

There are three categories of eligible activities: advanced academic research,

advanced specialized/technical work, and advanced business/management work.

If a candidate accumulates at least 70 points, they can enjoy preferential immigration control

and residency management treatment.

This includes perks such as multiple residence activities, a five-year period of stay,

and priority processing for immigration and residence procedures.

Spouses, parents, and domestic servants may also be allowed to accompany the highly skilled professional under certain conditions.

Furthermore, after three years of being a Highly Skilled Professional No. 1,

individuals may become eligible for Highly Skilled Professional No. 2 status, which grants an indefinite period of stay and additional benefits.

As a foreign real estate agent, it’s important to communicate the benefits of this system to your clients.

This program offers a great opportunity for highly skilled professionals to work and live in Japan,

and you may be interested in finding a suitable property to live in during your stay.

 

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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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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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Japanese Real Estate Essentials: City Planning Law for the residential districts.

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The city planning law, which was created by the ministry of land, infrastructure, transport and tourism, exist to regulate urban development.

The law divides all Japan into mainly two parts; city planning area which is regulated by the city planning law and the non-city planning area which is not regulated by this law.

The law defines 12 zoning districts within urbanization promotion areas.

Of these zoning districts, three have a primary effect on real estate projects residential district, commercial districts and industrial district.

Specific regulations for each district such as allowable use, building coverage ratio and floor area ratio are defined by the building standards law.

When you buy a property in Japan, it is very important to know which district your property exists.

Because each district is highly regulated by the specifics of city planning law(and building standards law)

and such regulations always affect the neighbourhood.

The law regulates the hight, allowable use, building coverage ratio, floor area ratio, type of the business and the size of the business and so on.

For example, you can not open a restaurant in category 1 low-rise exclusive residential districts.

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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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