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

Dear Investors:

Tokyo Sky Tree is now the tallest tower in Japan.  The to-be-634-meter tower  is still under construction and is going to complete in 2012.  But it has passed the old Tokyo Tower which is 333 meters high yesterday while reaching to 338 meters.

A new commercial zone will propbably be created in the area surrounded by Asakusa, Kinshicho, Kameido, and Oshiage where Tokyo Sky Tree will be.  In fact, many people and companies are seriously looking for real estate in the region for a view of the tower. 

Please let us know, if you are interested in the area.  We will introduce you interesting investment properties in the region.

Best regards,

Minato Asset Management

Dear Investors:

A 400,000,000-yen office building in Koto-ku which we blogged about only two days ago is no longer available for sale because the seller has decided to negotiate over purchase terms with some applicant.  In other words, this applicant is successful in monopolizing the power to negotiate with the seller about terms.

We strongly recommend that you show the seller your intent to purchase real estate with application as early as possible.  We don’t want you to miss out with good opportunites.  Although application should be dealt with seriousness, it is not binding and submitting it does not mean that you will have to committed to buying real estate. 

We wish you the best of luck with real estate search and purchase.

Best regards,

Minato Asset Management

Dear Investors:

We surveyed the following property today.

Type: residential

Location: Sanno, Ota-ku, Tokyo (12-min walk to Omori station of JR Keihintohoku Line)

Land: 610.18 sq. meters

Floor area: 1,458.58 sq. meters

Structure: RC / 5 stories

Year built: 1988

Current operation rate: 22 / 24

Annual return (@100%): 40,064,376 yen

Asking price: 480,000,000 yen

Yield: 8.35%

Please let us know, if you are interested in the property.

Best regards,

Minato Asset Management

Dear Investors:

The seller of the following building in Tokyo seems to be eager to sell it off and be ready to do hard negotiations over terms with buyers.

Type: office

Location: Saga, Koto-ku, Tokyo (8-min walk from Monzennakacho station of Tokyo Metro Tozai Line)

Land: 202.57 sq. meters

Floor area: 1,308.99 sq. meters

Structure: RC / 8 stories

Zoning: commercial

Coverage: 80%

FAR: 600%

Built in: 1990

Asking price: 400,000,000 yen

front

front 2

a close-up view of front

lower floors and street

seen from afar

neighborhood - famous Eitai (pronounciation: A-tie) Bashi over Sumida River

neighborhood - an urban development by a real estate giant is seen from Eitai Bashi

neighborhood - Tokyo Metro Monzennakacho station

Once again, please feel free to ask us, if you wish to know more about the building because the seller seems to ready to accept a big bargain.

Best regards,

Minato Asset Management

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

apartment building for investment in Setagaya-ku

inside (= 2 tatami rooms on 1st floor)

inside (looking to a balcony from a western bedroom)

inside (a 8-mat tatami room)

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

the glass-covered building in the center

seen from afar

a close-up view

JR Kameido station seen from the building

a newly-opened shopping mall across a major street

seen from 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