Tuesday, March 16th, 2010
Dear Investors,
According to a March 16 report by Real Estate Economic Institute Co., Ltd., 2,777 brand-new apartment units have been sold in February, which is a 10.7% increase from the previous year, in the Tokyo metropolitan area.
They conclude that the real estate market of the Tokyo metropolitan area has started to show positive signs.
Best regards,
Minato Asset Management
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Posted in Adachi-ku, Arakawa-ku, Bunkyo-ku, chiba, Chiyoda-ku, Chuo-ku, edogawa-ku, Kita-ku, Koto-ku, Meguro-ku, Minato-ku, Musashino-shi, Nakano-ku, Nerima-ku, Ota-ku, Saitama-shi, Shibuya-ku, Shinagawa-ku, Shinjuku-ku, Sumida-ku, Taito-ku, Tokyo real estate market, Tokyo real estate view, Toshima-ku | No Comments »
Saturday, February 27th, 2010
Dear Investors,
I surveyed the following investment property in Nippori of Arakawa-ku this afternoon. Its details are:
Location: Nishinippori, Arakawa-ku (1-min walk from Nippori station of JR Yamanote Line & 4-min walk from Nishinippori station of JR Yamanote Line)
Land: 146.31 sq. meters
Floor area: 589.01 sq. meters
Structure: steel / 5 stories
Coverage: 80%
FAR: 700%
Current operation rate: 92 % or 13/14
Current annual return: 15,168,000 yen
Asking price: 210,000,000 yen
Yield: 7.2%
You will probably find this yield low. But this property’s retun will be stable because of its proximity to a train station of JR Yamanote Line. As a matter of fact, it always has a high occupancy.
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Wednesday, October 21st, 2009
Dear International Investors,
I used Toden Arakawa Line, when I surveyed three apartment buildings in Taito-ku, Arakawa-ku, and Toshima-ku last week. The line is the only streetcar system survived in Tokyo, connecting Waseda (Shinjuku-ku) and Minowabashi (Arakawa-ku). The line has been in operation since 1913, and the neighborhoods and towns along the line still show what Tokyo used to look like in Showa Period (1926-1989). Toden Arakawa Line runs through Shinjuku-ku, Toshima-ku, Kita-ku, and Arakawa-ku, most of these districts being downtown and residential.
Also, Toden Arakawa Line stops at some major stations at which passengers can switch from Toden Arakawa Line to another train line. These stations include Machiya (to Tokyo Metro Chiyoda Line), Oji (to JR Keihintohoku Line), and Otsuka (to JR Yamanote Line).
Toden Arakawa Line is fun to ride and watch. If you can spare sometime for sightseeing in Tokyo, I strongly recommend that you get onto Toden Arakawa Line.
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Posted in Arakawa-ku, Kita-ku, Shinjuku-ku, Taito-ku, Tokyo real estate market, Tokyo real estate view, Toshima-ku, Uncategorized | No Comments »