Friday, July 16th, 2010
Dear Investors:
Let us introduce you an investment property in Kichijoji which is and has been the most popular residential area among Tokyo people.
Type: residential
Address: 4, Kichijojihoncho, Musashino City, Tokyo (10-min walk from Kichijoji station of JR and Keio Lines)
Land: 391.07 square meters
Floor area: 598.33 square meters
Structure: RC / 4 stories
Year built: 1985
Current operation ratio: 89.5% or 34/38
Annal return: approximately 29,783,000 yen
Annal expense: approximately 5,134,000 yen
Asking price: 420,000,000 yen
Kichijoji is and has recently been the most popular residential district among Tokyo families. There are nice and trendy commercial zones on both north and south sides of Kichijoji station. Beyond nice commercial districts, there are nice residential zones and public parks including a zoo.
Kichijoji is conveniently connected to Shinjuku with JR Lines and to Shibuya with Keio Inokashira Line. It takes 15 minutes by rapid train from Kichijoji to Shinjuku or Shibuya.
Please let us know, if you are interested in this property.
Best regards,
Minato Asset Management
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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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Wednesday, September 30th, 2009
Dear International Investors,
I went to survey a high-yield apartment building in Mitaka City which is a growing, popular satellite city west of Tokyo.
Its specs are as follows:
Type: apartment building for investment
Price: 208,000,000 yen
Annual Income: 25,080,000 yen
Yield: 12.05%
Location: Mure, Mitaka City, Tokyo (15-min walk to Mitakadai station (Keio Inokashira Line))
Land: 436.51 sq. meters
Floor area: 723.45 sq. meters
Structure: steel / 4 stories
Coverage: 60%
FAR: 200%
Current operation rate: 100% or 23/23
Unlike the center of Tokyo where open field and space is scarce, there is plenty of openness in Mitaka and surrounding cities, such as, Musashino City, Chofu City, and Fuchu City. Agricultural land and greenery are common in these new cities. Mitaka and other suburban cities west of Tokyo are largely residential and still growing in population mainly because of their desirable environments for residence. Also, there are many famous private and public universities and colleges in this part of Tokyo.
Mitaka is conveniently connected to Shinjuku, Tokyo, and other major JR stations in Tokyo by JR Chuo Line. It is about 30 mins from Tokyo to Mitaka. Kichijoji of Musashino City is adjacent to Mitaka City. It has been the most popular town among Japanese families in Tokyo for many years.
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