Okinawa apartment prices up 108% over past 12 years
According to the Ryugin Research Institute, the average price of a 70 sqm (753 sq.ft) second-hand apartment in Okinawa as of October 2020 was 2.1 times higher than it was back in 2008.
Hotel investors seeking bargains in Okinawa
International travel bans and a State of Emergency have savvy investors on the hunt for distressed hotel sales in Okinawa. According to the Ryukyu Shimpo newspaper, desperate hotel and resort owners are finding plenty of demand from corporate investors from the mainland and even overseas.
Okinawa’s military land attracting out-of-state investors
The percentage of land under Japanese and US military bases in Okinawa is increasingly being held by investors from outside the prefecture. As of 2018, 9% of the 44,523 landlords were located outside of Okinawa, a 3 point increase (or around 1.4 times the number of landlords) from 2012.
Okinawa’s housing starts drop for first time in 5 years
Housing starts in Okinawa in 2019 are likely to see the first decline in five years. Total starts between January and November 2019 dropped 9.4% from the same period in 2018 to 13,854 units. The biggest drop was seen in rental housing.
Okinawa real estate market outlook turns dim
The outlook for Okinawa’s real estate market has shifted negative.
Miyakojima’s property boom
Land prices on this tropical island in Okinawa have increased by as much as 50,000% (no, that’s not a typo) over the past four years.
RYU:X TOWER - Okinawa's latest high-rise apartments
Three of Japan's major developers, Daiwa, Orix and Daikyo, have announced the details of their latest high-rise condominium project in Naha City, Okinawa. Called "RYU:X TOWER", the two 30 storey buildings will have 676 apartments ranging from one to three bedrooms, and priced from 28 to 69.2 million Yen.
The developers were selected by the city in 2006 to redevelop the site. The first stage of the redevelopment including building offices and hotel facilities. The second stage includes the two residential towers.Read more