Archive for the ‘Tokyo real estate market’ Category

Japanese foreclouser auction

Japanese real estate auction is getting very hot now after this termoil of economy. We are seeing good assets through this flow.

 

 

(Because of lay off and lower bonus, home holders are getting tougher to pay loan back.)

 

 

We can assist you for bidding forclosure transations at Tokyo district court. For non native people, auction bidding system is a
 little unclear but you can buy distressed assets at lower price, if you are lucky.

 

 

We are going to disclose Tokyo disstressed assets information through our website in English.

 

 

Tokyo distressed investment assets

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Omori – quiet residential neighborhoods and a famous archaeological site

Dear International Investors and Archaeologists,

 

I surveyed an apartment building in a residential neighborhood of Omori in Ota-ku this afternoon.

 

 

The apartment building’s specifications are as follows.

 

 

Location: 7, O0i, Shinagawa-ku, Tokyo (8-min walk to JR Omori station in Ota-ku)

Price: 150,000,000 yen

Land: 249.71 sq. meters

Floor area: 278.24 sq. meters

Built in: 1986

Structure: Wooden / 2 stories

Coverage: 60%

FAR: 150%

Yield: 8.7%  with current operation rate being 100%

Monthly revenue (March): 1,091,000 yen

 

an apartment building in a quiet residential neighborhood of Omori

an apartment building in a quiet residential neighborhood of Omori

 

 

a residential neighborhood of Omori

a residential neighborhood of Omori

 

 

Omori station is just two stations or about 5 minutes from Shinagawa station.  Omori has been popular among Japanese writers.  In fact, famous writers have settled in Omori, in particular, hills in the west of the station.    

 

 

JR Omori station

JR Omori station

 

 

a main shopping street by Omori station

a main shopping street by Omori station

 

 

Also, Omori is famous among Japanese people because a shell mound was found by a western scholar for the first time in Japan’s history.    When Dr. Edward Morse, a Havard scholar, was casually looking outside from a train from Yokohama for Shimbashi on June 19th, 1877, he found interesting arrangements of shells on cliffs by Omori station.  His instinct urged him to dig the area, and he found remains of an old civilization in Japan – stone tools, clay pots, stone axes, stone arrowheads, human bones, animal bones, and so on.  They have been registered and treated as important cultural properties since 1975 and been kept at University of Tokyo.

 

 

a signboard at the site of a shell mound

a signboard at the site of a shell mound

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Toden Arakawa Line – a very unique & historic streetcar line in Tokyo downtowns

the only streetcar line survived in Tokyo

the only streetcar line survived in Tokyo

 

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.

 

 

inside of the only streetcar line survived in Tokyo

inside of the only streetcar line survived in Tokyo

a small station of Toden Arakawa Line

a small station of Toden Arakawa Line

 

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.

 

sings at a station - they are from 1960's

sings at a station - they are from 1960's

 

 

a public restroom is retro-styled at a station of Arakawa Line

a public restroom is retro-styled at a station of Arakawa Line

 

 

a stone monument by an Arakawa Line station - it reads that Showa Emperor has been here

a stone monument by an Arakawa Line station - it reads that Showa Emperor has been here

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Japanese version “S&P Case-Shiller Home Price Indices”

Ministry of Land, Infrastructure and Transport corporate with Waseda University and others, developed constant-quality house price indices for Japan. (Japanese version Case-Shiller index)

 
They utilized market data of secondhand condominiums and referred America’s representative house price indices,
“S&P Case-Shiller Home Price Indices” as well.

 

 

These are first home price indices which extensively collected actual market prices in Japan. They are trying to tentatively send these indices to Tokyo Stock Exchange and Osaka Securities Exchange within the year.

 
Their aims are providing better transparency to activate the market. Waseda University indexed market prices and rents of secondhand condominiums for the past ten years, which were provided by Real Estate Information Network For East Japan.

 

 

Relatively, there are more transactions dealings on condominiums than houses therefore they reflect the fluctuation of house prices more accurately.

 

 

Provided by Nikkei News Paper on Oct 15th

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Tokyo real estate big project

We read lots of news about current administration, especially we see two topics very positive for Tokyo real estate market.

 

 

1. Haneda Air port international hub plan
2. Linear Motor Car plan

 

 

1. Haneda Airport is currently focusing on domestic flight and not international flight, but current goverment just  announced they will use it for international flight as well. This is pretty positive for Japanese economy to attract more foreign flights from overseas, especially from Asia economic powers.

 

 

 This changes affects Tokyo real estate market espcially south area of Tokyo such as Oota-ku, Shinagawa-ku, Minato-ku and  Kanagawa prefecture such as Kawasaki, and Yokohama.

 

 

 If this ariport turns into international and 24 hours airport, needs for stay will increase definitely. Also, business  activity will pick up as well.

 

 

1-① Tokyo monorail will get benefit from this change, and also area around their stations, such as Hamamatsuho station, Tennozu station, and so on will be more popular in the future.

 

 

 
1-② Keikyu will also get benefit from this change and several stations are particulary interesting such as Shinagawa station,  Kawasaki satation, Keikyu kamata station, and Heiwajima station.

 

 

 
2. Linear Motor Car Plan
 Shinagawa station, Nagoya station, and Osaka station are almost done deal. (But official information is not open yet.)

 

 

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rental space in Harajuku

Dear international investors,

 

I went to survey a retail space in a 7-story building by JR Harajuku station.    The building is 50 meters north of popular and populas Takeshita Exit of the JR station from which the Takeshita Street streches eastward. 

 

 

a commercial building in Harajuku

a commercial building in Harajuku

 

Takeshita Street is probably the most popular and populas commercial street in Japan.  It is particulary popular among teen agers.    Because it is so crowded with young people, when you go to Takeshita Street and see those people, you can not help but wonder whether or not they should go to school.    The street is bustling with trendy fashion boutiques and restaurants and paralles Omotesando which is also globally famous and is crowded with the world’s first-class fashion boutiques.

 

 

Takeshit Street

Takeshita Street

 

 

So many Japanese and international companies want to have their boutique or restaurant in Harajuku not only because profit is a surety but also their shop will be seen and recognized by so many people including international tourists. 

 

I surveyed rental space in a building a minute-walk from Takeshita Street.  Its specs are as follows:

 

Structure: SRC / 7 stories

Built in: 1993

Floor area: approximately 40 sq. meters

Monthly Rent: 336,000 yen

 

 

a vacant shop in Harajuku

a vacant shop in Harajuku

 

 

As soon as I arrived, I felt very positive about the location.   It made me feel like having my own coffee shop in the building.   There was a long line of people in front of a ramen shop on 1st floor of the building when I went there.  I take it that the shop is good.

 

 

Greenery of Meijijingu is visible from a vacant shop in Harajuku

Greenery of Meijijingu is visible from a vacant shop in Harajuku

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A bargain investment property in a prime location of Tokyo

Dear International Investors,

 

First comes, first served.

 

A bargain property (an apartment building) has just come out on market.   My co-w0rkers and I agree to each other that it is a very good investment opportunity in many respects – quality, potentiality, location, and price.  Please feel free to contact us, if you are interested in it.  We don’t want you to miss out with a good investment opportunity with promising real estate in Tokyo.  Its specs are as follows:

 

 

Type: apartment building

Price: 480,000,000 yen

Location: 4, Akasaka, Minato-ku, Tokyo (6-min walk to Akasaka station (Tokyo Metro Marunouchi Line))

Land: 401.26 sq. meters

Floor area: 1,001.83 sq. meters

Structure: RC / 4 stories + 2 stories underground

Built in: 2002

Coverage: 60%

FAR: 300%

Annual Income (at operation rate of 100%): 3,617,000 yen/month

Yield: 9%

 

 

a bargain property in Akasaka

a bargain property in Akasaka

 

 

a bargain property in Akasaka 2

a bargain property in Akasaka 2

 

 

The bargain property is in Akasaka which is known for the world’s first-class restaurants, famous companies, and show business.  In fact, there are so many international restaurants in Akasaka which are doing a fantastic job in entertaining not only domestic celebrities but also international ones.  Also, Akasaka is always bustling with businesses. 

 

The apartment will provide you excellent access to work and entertainments, including those in Roppongi and Harajuku, because Akasaka is conveniently connected to many places of Tokyo with Tokyo Metro Marunouchi Line and Ginza Line.  You may think that Akasaka is grey and dark with concrete buildings.  But it actually has much greenery and nice parks.

 

We hope you will consider it for investment.  We are looking forward to the opportunity to serve to you.

 

 

a bargain property in Akasaka 3

a bargain property in Akasaka 3

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A high-yield apartment building in a popular suburb of Tokyo

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

 

apartment building for investment in Mitaka

apartment building for investment in Mitaka

 

 

apartment building in Mitaka 2

apartment building in Mitaka 2

 

 

apartment building for investment in Mitaka 3

apartment building for investment in Mitaka 3

 

 

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. 

 

neighborhood

neighborhood

 

 

view from building

view from building

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an interesting investment opportunity in Kagurazaka (Shinjuku-ku)

Dear International Investors,

 

I surveyed an investment property in Shinjuku with my client this afternoon.  Its specifications are as follows:

 

Price: 68,000,000 yen

Location: Yaraicho, Shinjuku-ku, Tokyo (5-min walk to Kagurazaka station (Tokyo Metro Tozai Line) or  4-min walk to Ushigomekagurazaka station (Tokyo Metro Oedo Line))

Land: 42.84 sq. meters

Floor area: 131.57 sq. meters

Structure: RC / 5 stories

Coverage: 80%

FAR: 400%

Built in: 1972

 

 

an investment property in Kagurazaka

an investment property in Kagurazaka

 

 

an investment property in Kagurazaka 2

an investment property in Kagurazaka 2

 

Kagurazaka is a very historical place of Tokyo.  The town would probably remind you of what you have seen in paintings and movies about Tokyo in medieval times.  It has always been busy with retail and restaurant industries.  And, its major shopping street is always bustling with people from all generations and nationalities.    Many people want to have their own shop on the main street of Kagurazaka.  However, because there is always huge demand for real estate along the street, the value of real estate in Kagurazaka is high.

 

neighborhood

neighborhood

 

 

The investment property is on a street off of the major street of Kagurazaka.  Relatively, it is in a quiet place.  Yet, there is and will always be foot traffic.  Kagurazaka is within a walking distance of major JR stations, such as, Iidabashi, Ichigaya, and Yotsuya.

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Attractive Investment Properties in Chiyoda-ku and Bunkyo-ku

Dear International Investors,

 

Today, I went out to survey investment properties in Chiyoda-ku and Bunkyo-ku.   Their specifications are as follows:

 

– a secondhand building for investment

Location: 1, Kanda-ogawacho, Chiyoda-ku (1-min walk from Awajicho station of Tokyo Metro Marunouchi Line)

Price: 79,800,000 yen

Land: 45.25 sq. meters

Floor area: 217.31 sq. meters

Structure: RC / 5 stories above ground + 1 story underground

Coverage: 80%

FAR: 800%

Built in: 1970

Annual Income: 3,132,000 yen

Yield: 6.28 %

Features:  Proximity to a Tokyo’s major street, good foot traffic from colleges and universities in the neighborhood

 

a building for sale in Chiyoda-ku

a building for sale in Chiyoda-ku

 

 

a building for sale in Chiyoda-ku 2

a building for sale in Chiyoda-ku 2

 

a building for sale in Chiyoda-ku

a building for sale in Chiyoda-ku

 

 

neighborhood

neighborhood

 

– a secondhand building for investment

Location: 3, Otsuka, Bunkyo-ku (8-min walk from Miyogadani station of Tokyo Metro Marunouchi Line)

Price: 59,800,000 yen

Land: 42.04 sq. meters

Floor area: 201.87  sq. meters

Structure: RC / 5 stories above ground + 1 story underground

Coverage: 80%

FAR: 500%

Built in: 1991

Features:  On a Tokyo’s major street, a famous educational district

 

a building for sale in Bunkyo-ku
a building for sale in Bunkyo-ku

 

 

a building for sale in Bunkyo-ku 2

a building for sale in Bunkyo-ku 2

 

 

Seen from afar

Seen from afar

 

 

Seen from afar 2

Seen from afar 2

 

 

– a secondhand apartment building for investment

Location: 3, Kohinata, Bunkyo-ku (6-min walk from Miyogadani station of Tokyo Metro Marunouchi Line)

Price: 45,800,000 yen

Land: 67.43 sq. meters

Floor area: 53.8 sq. meters

Structure: Wooden / 2 stories

Coverage: 60%

FAR: 200%

Built in: 1987

Features:  A famous educational district, proximity to famous universities and colleges, a very quiet residential neighborhood

 

a secondhand apartment building for investment

a secondhand apartment building for investment

 

 

a secondhand apartment building for investment 2

a secondhand apartment building for investment 2

 

 

a secondhand apartment building for investment 3

a secondhand apartment building for investment 3

 

 

a secondhand apartment building for investment 4

a secondhand apartment building for investment 4

 

 

Bunkyo-ku has proximity to greenery

Bunkyo-ku has proximity to greenery

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