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, January 27th, 2010
Dear Investors,
I went to view two apartment buildings in Saitama City this afternoon. Their details are as follow:
(building 1)
Price: 42,000,000 yen
Location: Minuma-ku, Saitama City (7-min walk from Higashi Omiya station of JR Tohoku Line)
Land: 183.07 sq. meters
Floor area: 166.08 sq. meters
#units: 10
Year Built: 1987
Structure: wood / 2 stories
Coverage 60%
FAR: 200%
Annual return: 4,356,000 yen
Current operation rate: 100%
Yield: 10.37%
(building 2)
Price: 33,000,000 yen
Location: Minuma-ku, Saitama City (5-min walk from Higashi Omiya station of JR Tohoku Line)
Land: 140.00 sq. meters
Floor area: 131.04 sq. meters
#units: 8
Year Built: 1987
Structure: wood
Coverage: 60%
FAR 200%
Annual return: 3,456,000 yen
Current operation rate: 88%
Yield: 10.47%
Saitama is a satellite city of Tokyo Metropolis whose population is over 20 million. It is conveniently located in north of Tokyo; and many families, company employees, students, and international people live in the city and surrounding areas.
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Thursday, August 27th, 2009
Dear international investors,
I went to survey an apartment building for investment in Sakado in Saitama Prefecture.
Its main features are as follows.
Price: 68,000,000 yen
Location: Sakado City, Saitama
Station: 10-min walk to Sakado station (Tobu Tojo Line)
Land: 209.86 sq.meters
Coverage: 60%
FAR: 200%
Total Floor Area: 418.53 sq. meters
Structure: RC / 4 stories
Apartment Type: 15 units (14 x studio + 1 x family unit)
Estimated Yield: 12.0% (monthly revenue: approx. 680,000 yen, anual revenue: approx. 8,160,000 yen)
Built in March 25th, 1998
You may be wondering where Sakado is. It is a suburb northwest of Tokyo and is about 45 mins from Ikebukuro by Tobu Tojo Line. Like other satellite cities of Tokyo, Sakado is growing in number.
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