Tokyo Star Bank considering home loans for wealthy Taiwanese
In an interview with the Sankei Shimbun on October 20, Mr. Pin-kung Chiang, Chairman of the Board at Tokyo Star Bank, mentioned that the bank was considering offering low-interest home loans to wealthy Taiwanese for the purchase of real estate in Japan.
While Taiwan has seen steep increases in home prices, the Japanese property market has remained relatively stable for the past 20 years. With the weakening Yen and 2020 Summer Olylmpics, Taiwanese are becoming more and more attracted to real estate in Tokyo, particularly high-rise apartments. Mr. Chiang said that buyers are not only interested in properties for investment, but are also looking at homes to use as a base when they visit Tokyo.
Source: The Sankei Shimbun, October 21, 2014.