Real Estate Purchase by Foreigners – Our Service was Introduced by a TV News Program

Poste date: Wednesday, April 15, 2015

Our real estate service was introduced by a Japanese national TV news program, “Super News(スーパーニュース)” on Fuji TV, February 26th and “Tokudane (特ダネ ) ” on Fuji TV, March 11th.
The contents covered by both programs were about the recent increase of real estate purchases in Tokyo by foreigners.
 

 

Relative to a global standard, real estate properties in Japan are high quality with a solid structure. The prices are stable and there are many attractive properties to invest and manage for lease.

Since 2014 property sales in Tokyo have been on an increasing trend, and in effect we are receiving many inquiries from non-Japanese clients. 

 

 

 

The reason why real estate investment from foreign countries have increased in Japan. 

Expectation of the effects of the Tokyo Olympics which will be held in 2020
Historically, real estate properties in cities where the Olympics were held have been seen to increase. In Tokyo, various infrastructure improvements are currently under way toward the 2020 Olympics such as the enhancement and redevelopment of the central and bay areas. There is an expectation that Tokyo will be reborn into an even more attractive international city. In addition, labor expenses are also on the rise as infrastructure works are increasing, and this may also be reflected onto higher asking prices of properties. 

 

Effect of Weak yen

Since last year the weaker yen has been making the property in Japan undervalued in the view of overseas investors when it is converted into their home currency, making investors think it is a good time to buy now. Also, buying at the perceived bottom price gives an expectation for an upcoming rising trend, and is good for leasing out their properties for a higher rental income.

It is prominently visible that the weak yen is encouraging not only an increase in the real estate sales by foreigners but also an increase of foreign travelers and the amount of shopping they do in Japan.

 

Real estate prices in Tokyo in comparison to other major world cities

The real estate price in Tokyo is less expensive than that in other major cities such as London, New York, Hong Kong, Singapore, and Beijing.

The price and yields are both stable in Tokyo, and investors and investment funds of many countries worldwide are paying attention to real estate investment in Tokyo because a stable yield may be possible with a relatively lower investment.

 


Recent prominent trends are an increase of Asian investors. Especially the purchase of condominiums in Tokyo by Chinese independent investors has increased and continue to do so.

In terms of their evaluation, the real estate price in Tokyo is less expensive than that in the big cities in China such as Beijing and Shanghai. Chinese speaking real estate agencies which were not seen before have also increased recently.

The range of property aimed for investment varies greatly from older studio types to the luxurious brand new high-rise condominiums.

 

We at PLAZA HOMES showcase Japanese real estate properties in English and have a lot of inquiries from European and American customers. 

 
 

In the TV news program coverage, our sales staff Mr. Kubo and Ms. Matsuzawa guided a German and French customer to viewings of luxurious condominiums in Hiroo and Azabu area.

These areas have been one of the most popular residential areas attracting European and American expats of international companies for a long time, because there are many supermarkets available with English, international schools, embassies and other facilities related to an international community. Therefore the demand for lease residences for families of international corporations is high, and a stable yield can be expected in this area indefinitely.

In our leasing section, there is also an increasing trend for lease mediating services for condominiums and single-family homes which were purchased by non-Japanese owners.


We at PLAZA HOMES provide all services including buying and selling intermediation, property management, seeking tenants, lease management, and so on in English.


About our real estate services, please feel free to contact our buying and selling section at 03-3588-0131.

Exterior of Osaki West City Towers
Sale Property tag

39 story twin tower luxurious condominiums are landmark buildings. Direct connection to the station by a pedestrian deck helps easy transportation access to various areas in Tokyo, and also makes the residents comfortable for commuting in rainy days. The surrounding area is redeveloped well with complex facilities of commerce, business, and residence, inviting many restaurants, supermarkets, and stores as well as arranging many spaces of greens. In the West Entrance hall with glass wall and open ceiling a guest lounge space is arranged. The common use facilities in the two buildings such as Sky lounge, Party Room, Theater Room, Guest Room are available by coming and going through the passage connecting the buildings. High grade room equipment, the updated building security including 24 hours manned management, hotel-like front desk services all support comfortable and peaceful quality life in a tower condominium.

JPY 312,000,000

Exterior of Park Tower Shibakoen
Sale Property tag

Park Tower Shiba Koen was constructed in December 2012 by Shimizu Corporation and formerly developed by Mitsui Fudosan Residential, and is built to new earthquake resistance standards. It is a 4-minute walk from Shibakoen Station on the Toei Mita Line and a 4-minute walk from Akabanebashi Station on the Toei Oedo Line. The building is a 24-storey reinforced concrete, partly steel-framed structure with a total of 98 units and is equipped with an auto-lock system and security cameras. The building has a hotel-like internal corridor design, with a highly private approach from the lift to each unit. The building is within easy reach of Azabu Juban and Tokyo Tower in the heart of Minato Ward, as well as the large-scale commercial complex Azabudai Hills and the Tokyo Bay areas of Hamamatsucho and Shibaura, which are undergoing redevelopment.

JPY 323,000,000

Exterior of Glarsa Tokyo East
Sale Property tag

Glarsa Tokyo East is located within an 18-minute walk to Tokyo Station, and within a 10-minute walk to Hatchobori Station on the JR Keiyo Line/ Tokyo Metro Hibiya Line and Kayabacho Station on the Tokyo Metro Tozai Line/Hibiya Line, which are the nearest stations to the building. From there, it is only 3 minutes directly to Otemachi Station, the center of business, 6 minutes directly to Ginza Station, a shopping town, and 10 minutes directly to Kasumigaseki Station, lined with government offices. The location is popular among office workers with high incomes who live alone and have no shortage of food, clothing, and shelter. In addition to the 24-hour surveillance system, the common areas are equipped with security cameras, auto locks, and dimple keys to ensure the safety of women living alone.

JPY 28,000,000

Exterior of Eclair Nogizaka
Sale Property tag

Eclair Nogizaka is a six-story condominium completed in February 1982 with a total of 27 units. The building has a modern exterior with a calm atmosphere based on beige tones. Nogi Shrine is nearby, providing a natural living environment. Security features include auto-locks and security cameras, so you can live in peace. The property is a 2-minute walk from Nogizaka Station on the Tokyo Metro Chiyoda Line, making it very convenient for commuting to work or school or going out by train.

JPY 398,000,000

Exterior of City Towers Toyosu the Twin
Sale Property tag

48 story twin tower luxury apartment located within 4 min walk of Toyosu Station. It consists of the south tower and the north tower having 1063 total units. The black-toned and glass-walled appearance design is eye-catching and making it as an area’s landmark. Various city functions such as to live, work, play, and study coexist in the area having good city environment based on the city planning to include seaside and lush greenery. 3 gardens around the building to enjoy seasonal plants and flowers and the grand lobby with a refined design and large space revoke a luxury resort hotel. It comes with various front desk services, abundant shared facilities, and the 5-staged solid security management to support and protect comfortable everyday life of the residents. The dwelling units offer 1LDK to 3LDK for covering various life styles of the residents. A line of the latest and functional room equipment is provided for high quality city life.

JPY 137,880,000 - 194,800,000

Exterior of Kakinokizaka 3-chome House
Sale Property tag

-Large property with a total floor area of over 300m2 -Can be used as a two-family house -Has a courtyard with excellent ventilation and lighting -Unique design incorporating a lot of wood

JPY350,000,000