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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Friday, December 11th, 2009
Dear International Investors,
I surveyed a 350,000,000 yen building in front of Musashiseki station of Seibu Shinjuku Line.
Its main features are as follows:
Location: 2, Sekimachi-kita, Nerima-ku (1-min walk to Sekimachikita station)
Land: 502.53 sqmeters:
Floor area: 1,288.35 sq. meters
Structure: steel / 7 stories above ground + 1 story underground
Built in: 1991
Current Annual Return: 39,680,304 yen
Yield: 11.34 %
Pros:
– proximity to a train station (less than 1 minute)
– good tenants (i.e. 4 out of 7 occupants are medical experts)
Cons:
– difficult to determine whether or not some tenants will be profitable
– the building’s and land’s shapes are irregular
Please let me know, if you are interested in this property.
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