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 Sasazuka 3-chome House
Sale Property tag

This second-hand house built in January 2020 in Sasazuka 3-chome, Shibuya-ku is now available for sale. It is a 7-minute walk from Sasazuka Station on the Keio Line and has easy access to the terminal Shinjuku Station. Facing a 9-meter public road on the southeast side, the property enjoys good sunlight and is easily accessible for parking. There is also a storage room on the first floor, a loft in a bedroom on the third floor, and having a roof balcony with nice view. The house is fully equipped with 2 toilets, floor heating (living/dining room), bathroom dryer, dishwasher, water purifier, etc., air conditioner, etc. It comes with a built-in garage (approx. 8.77 sq.m). The property is currently vacant with good conditions. Could be suitable for your own home or investment purpose as well. Please contact us for arranging the viewing!

JPY88,800,000

Exterior of Heiwajima Detached House
Sale Property tag

Heiwajima Detached House is a two-story, elevator-equipped house built in 2015. Located in a quiet residential area within a 5-minute walk from the station, it is surrounded by many facilities to enjoy Japanese culture, such as hot springs, an aquarium, and a shopping district. It is also close to Haneda Airport (15 minutes by Keihin Kyuko Line), providing access to central Tokyo. Ota Ward is known as a special district for private accommodations, and this property is also available for private accommodations. The property is equipped with Japanese and Western-style rooms and a private garden, making it possible to operate an Air-bnb in a quaint atmosphere. The floor plan is a spacious and comfortable 2 SLDK with a 31.23 square meter LDK, a 12.13 square meter Japanese-style room, and a 19.75 square meter Western-style room. The small Japanese-style room is independent and has its own presence. An elevator, which is rare for a two-story building, is installed, and a library and a counter table are arranged as a study room. Depending on its use, it can also be used as a recreation room. Toilets are also located on each floor. Seismic isolation dampers have been installed for earthquake resistance, and the house is fully prepared for earthquakes. It can be used as a second house or remodeled for Air-bnb

JPY88,000,000

Exterior of Royal Motoazabu Garden
Sale Property tag

Royal Motoazabu Garden was constructed in December 1978 by Shimizu Corporation. It is located on high ground in Motoazabu 2-chome, close to Arisugawa-no-miya Memorial Park. The surrounding area is a cosmopolitan environment with embassies of various countries, and the long-established members-only Tokyo Lawn Tennis Club is right in front of the building. The location also offers easy access to Roppongi Hills and the popular Hiroo and Azabu-juban areas. The property is a 10-minute walk from Hiroo Station on the Tokyo Metro Hibiya Line, a 13-minute walk from Azabu-juban Station on the Namboku and Toei Oedo Lines, and 15 minutes from Roppongi Station on the Hibiya and Oedo Lines. The property is a well-maintained condominium with safety features such as an auto-locking system at the entrance and security cameras. Pets are allowed (subject to regulations), seismic reinforcement work was carried out in January 2024 and a certificate of compliance with seismic standards can be issued.

JPY 109,800,000 - 138,000,000

Exterior of Courtly
Sale Property tag

JPY 129,800,000

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 Park Court Hamarikyu The Tower
Sale Property tag

Highest-graded apartment sold by Mitsui Fudosan Residential Co., Ltd. 5 min walk from JR Hamamatsucho Station. The premises in a hard-to-find tower apartment having good access to transportation. 15 min to Haneda Airport and 5 min to Tokyo and Shinagawa Station enable you to have smooth access to both domestic and overseas cities. It is located in the center of the major Tokyo redevelopment projects promoted by the government, such as large-scale redevelopment in the areas of Hamamatsucho and Toranomon, construction of a new station on Yamanote Line. Nicely located close to Italian Town in Shiodome and Hama-rikyu Gardens. It is a 37story luxury hotel-like tower apartment. It comes with a full line of attractive shared facilities including Lounge and Skywalk garden.

JPY 279,800,000