Are you looking for real-estate for sale in Japan?

Dear Investors,

 

 

I surveyed the following investment property with my client last Saturday.

 

 

Type: residence

Location: Ohara, Setagaya-ku (8-min walk from Sasazuka station of Keio Line)

Land: 171.9 sq. meters

Floor area: 234.9 sq. meters

Structure: steel / 3 stories

Year built: 1989

Current operation rate: 80% or 4/5

Current return (monthly): 495,000 yen

Current return (annually): 5,940,000 yen

Price: 138,000,000 yen

Others: 14-min walk to Shimokitazawa; 1F (81.54 sq. meters) – 1 x 4-bedroom apartment, 2F (76.68 sq. meters) – 2 x 2-bedroom apartment, 3F (76.68 sq. meters) – 2 x 2-bedroom apartment; covered parking (for one car); and a quiet residential neighborhood

 

 

 

 

 

 

 

 

Dear Investors,

 

 

The Japan’s Ministry of Land, Infrastracture, Transport, and Tourism has just announced that land prices across the nation have fallen for two consecutive years by 4.2% for residential land and by 6.1% for commercial land. 

 

 

The ministry surveys over 27,000 locations to evaluate land values in Japan as at January 1st and announces the results in March every year.   This year, 27,804 benchmark locations across Japan have been surveyed; and it has turned out that almost all of the locations have decreased in value, except for 7 locations. 

 

 

It looks that Japan is becoming more affordable for international buyers.

 

 

Best regards,

 

 

Minato Asset Management

Dear Investors,

 

 

Koseinenkin Kaikan (= a convention hall built by Japan’s welfare pension program for corporate employees)  has been on an auction since December 1st, 2009; and Yodobashi Kamera (= a mega electrics retail shop with a nation-wide network of shops) has won the bid at 12,000,000,000 yen on February 12th, 2010.

 

 

Shinjuku Koseinenkin Kaikan has been in business since April 15th, 1961, and has been functioning as a hotel, a restaurant, and a multi-purpose convention hall which has staged music concerts of domestic and world-famous musicians. 

 

 

Yodobashi Kamera is planning to make the facility be a museum of cameras.

 

 

The purchase may create new foot traffic because Yodobashi Kamera is well known and the real estate is only 10-min walk away from Shinjuku station.  

 

 

Economic activities in eastern regions of Shinjuku may grow further and accelerate faster due not only to the on-going land development in Shinjuku 7 chome but also to the Yodobashi Kamera’s purchase of a prime property.

 

 

Best regards,

 

 

Minato Asset Management

 

 

The Japan’s organization for welfare pension is going to use the hall till March 31st, 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

Dear Belgian-Luxembourg Chamber of Commerce in Japan,

 

 

THANK  YOU so much for  inviting Minato Asset Management to a March 12 reception to celebrate the 30th anniversary of the organization.

 

 

The cross-cultural business opportunity has helped MinatoAsset Management communicate and exchange opinion with many participants of the reception.   They include personnel at Belgian-Luxembourg Chamber of Commerce in Japan, entrepreneurs, lawyers, business owners, and many others. 

 

 

We have been delighted to get to know these people at the reception, and are looking forward to the opportunity to know more about the organization and the region (e.g. people and culture) and to explore how we can grow together.

 

 

Congratulations on your 30th anniversary!   We are wishing you peace, success, and prosperity.

 

Warmest regards,

 

 

Minato Asset Management

Dear Investors,

 

 

We surveyed the following building in Kameido of Koto-ku.  Its details are:

 

 

Type: office

Location: Kameido, Koto-ku (1-min walk from Kameido station (JR Sobu Line))

Land: 223.75 sq. meters

Floor area: 1,341.73 sq. meters

Coverage: 80%

FAR: 600%

Structure: RC / 8 stories

Built in: 2009

Others: On a major street connecting Tokyo and Chiba, Tokyo Sky Tree (= a new Tokyo Tower) is being built on about 1.5-kilometer northwest of the building; and nearby a new shopping mall

 

 

 

 

 

 

 

 

 

 

You should be able to rent the building’s 2-8 floor @39,500 yen/sq.meter or so.   The space on 1st floor (134.39 sq. meters) is currently being rented at about 124,o00 yen/sq.meter.

 

 

A large amount of traffic will soon be created within the area surrounded by Asakusa, Kinshicho, and Kameido because Tokyo Sky Tree will be completed in two years.  Kameido is conveniently connected to central areas of Tokyo with JR Sobu Line.   For example, it takes only 8 minutes from Kameido to Akihabara.

 

 

Please let us know, if you are interested in this building.

 

 

Best regards,

 

 

Minato Asset Management

Dear Investors,

 

 

Please let us introduce a house in Omotesando.  It is very different from average houses in terms of design.

 

 

Interesting House in Omotesando

 

 

Its details are:

 

 

Location: Jingumae, Shibuya-ku (6-min walk from Meiji-jingumae station of Tokyo Metro Chiyoda Line & 9-min walk from Omotesando station of Tokyo Metro Ginza Line & Hanzomon Line)

Land: 98.35 sq. meters

Floor area: 153.56 sq. meters

Structure: RC, wood

Price: 148,000,000 yen

 

 

Omotesando is known as a very trendy district.  It is probably the most trendy town in Japan.  As a matter of fact, the whole town is always crowded with shoppers and fashion boutiques.  People from all corners of Japan and the world come to Omotesando for shopping and sightseeing.

 

 

The house is NOT suitable for investment because it wil be difficult to find tenants due largely to its layout.  In particular, there is no bathroom in the entire house, and the parking area won’t be accessbile unless the staircase to the entrance hall is removed. 

 

 

FYI, the current owner used to rent the basement to a studio operator at 1,000,000 yen/month.

 

 

The house is far more suitable for residence of an individual who loves a different life style, artistic touches on a house, and/or Omotesando.

 

 

Please let us know, if you are interested in it.

 

 

Best regards,

 

 

Minato Asset Management

Dear Investors,

 

 

Koshigaya is a satellite city of Tokyo.  Like other cities and towns outside of Tokyo, it is growing in population.  Also, it is conveniently connected with Tokyo by Tobu Tojo Line, which is enabling people to move from Koshigaya to many towns in Tokyo within an hour.   As a result, Koshigaya is becoming more popular than before for residence.  More people commute to work and go to shcool fromKoshigaya.

 

 

Real estate value of Koshigaya will probably keep increasing.  In particular, land development for about -10,000,000 sq. meter-land right in front of the east exit/entrance of Koshigaya station is going to increase the land’s value significantly with a 100-meter-tall high rise condo and commercial facilities, such as, restaurants, shops, and medical clinics. 

 

 

So much area in Koshigaya is still underdeveloped.  This suggests that Koshigaya still has room for further growth in terms of real estate.

 

 

 

 

 

 

 

 

Please let us know, if you are interested to invest in Koshigaya.

 

 

Best regards,

 

 

Minato Asset Management

Dear Investors,

 

 

I surveyed the following investment property this afternoon.

 

 

Type: commercial

Location: Yayoicho, Koshigaya City, Saitama (2-min walk from Koshigaya station of Tobu Tojo Line)

Land: 148.76 sq. meters

Floor area: 487.28 sq. meters

Structure: RC / 5 stories

Built in: 1982

Coverage: 80%

FAR: 400%

Current annual return: approximately 20,000,000 yen

Current operation rate: 5/6

Asking price: 148,000,000 yen

Others: in the middle of a commercial zone of a growing Koshigaya station; 1F – beauty parlor & ramen shop, 2F – karaoke bar & izakaya (= Japanese pub), 3F – vacant, & 4F+5F – hotel for short stay

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The commercial property is in the middle of a commercial district spreading in the east of Koshigaya station.  Just like other satellite cities of Tokyo, Koshigaya is growing in population and its commercial districts are bustling with more shoppers than before.

 

In particular, approximately 10,000,000-sq.meter-land right in front of Koshigaya station has been developed and a new commercial zone (e.g. an about 100-meter high condominium, shops, and restaurants) will be created on the land in near future.

 

 

Securing financing to purchase this property may be difficult largely because of its characteristic being commercial.   In other words, it may be suitable for cash buyers looking for a high yield from a property in a suburb of Tokyo.

 

 

Please let us know, if you are interested in it.

 

 

Best regards,

 

 

Minato Asset Management

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.