Tas Corp's rental market data for August

August 27, 2012rental market japan,rental market tokyo,Japan investment propertiesRental Market,Market Information,All

TAS Corp, the company behind the "Tas-Map" real estate valuation site, released their latest data on the rental market for both the greater Tokyo and Kansai area for August 2012.

The data includes a vacancy rate index, average time an apartment is advertised before a tenant is found, average rate of lease renewals, rate of mid-way cancellations and a rent index.

This month's report on the greater Tokyo area focused on the aging population in Saitama and the consequences this will have for landlords in the future.Read more

by Zoe Ward

Survey says Chinese investors keen on resort apartments in Japan

August 24, 2012Chinese property buyers in JapanReal Estate News,Market Information,All

Tokyo-based GlobeLink is a specialist marketing and consulting company that targets wealthy Chinese consumers. They recently conducted a survey of wealthy Chinese investors to find out where they want to invest and why.

A total of 100 consumers from the top wealth bracket in China were surveyed. The participants all reside in major cities in China, and are interested in investing in Japanese real estate.Read more

by Zoe Ward

Did you know: Atami City has a special tax on holiday homes

August 21, 2012Atami,Japan Property Taxes,Shizuoka PrefectureProperty Purchasing Guide,Vacation Homes,Shizuoka,All

The popular beachside resort area of Atami in Shizuoka levies a special tax on owners of holiday homes and resort apartments within the city. Called a "besso" tax (besso = holiday house), it is very similar to a municipal tax. This tax is only charged on properties in Atami City, and is not found anywhere else in Shizuoka Prefecture.Read more

by Zoe Ward

Taiwanese increasing investment in Japanese real estate

August 19, 2012Chinese property buyers in JapanReal Estate News,All

The Taiwanese media have been featuring stories about the rising number of Taiwanese buying real estate in Japan. And it's not just private investors, but corporations are also increasing their investment in the country.

According to the China Times, China Trust Real Estate Co. formed a partnership with a Japanese agency (Kukan Produce, based in Fukuoka)  in order to introduce properties in Tokyo to Taiwanese buyers.Read more

by Zoe Ward

Consumption Tax Increase: How will it affect buying apartments still under construction?

August 16, 2012Japan Property Taxes,Taxes in Japan,Consumption Tax in JapanNew Construction,Property Purchasing Guide,Real Estate News,All

With the planned increase in consumption tax receiving approval by Parliament last Friday, buyers of as-yet uncompleted apartments may be hit with the higher tax.

According to the tax plan agreed to on August 10, the consumption tax will increase to 8% from April 1, 2014, and 10% from October 1, 2015.Read more

by Zoe Ward

Ark Hills Sengokuyama Mori Tower reaches completion

August 14, 2012Mori Building,Ark Hills SengokuyamaNew Construction,Office/Retail News & Information,Real Estate News,All,Commercial Real Estate

Construction of Ark Hills Sengokuyama Mori Tower, a combined residential and office tower in the Roppongi/Toranomon area, was completed on August 7.

The two hectare site has a 47-storey mixed residential and office tower, along with 8-storey low-rise apartments. The development took a total of 24 years, when including the long process of negotiating with local residents.

In the high-rise tower, offices are located on floors 25 to 47, while residences are on floors 3 to 24. Currently, 55% of the commercial tenants have been confirmed. They are predominantly foreign law offices and IT companies.Read more

by Zoe Ward

Foreign investors return to Japan's property market

August 9, 2012Tokyo Office Market,Grosvenor,Goldman SachsOffice/Retail News & Information,Real Estate News,All,Commercial Real Estate

Roppongi Arents. Purchased by Grosvenor from Japan Tobacco in October 2011.

According to the Mainichi Shimbun, Foreign investors and foreign capital investment corporations are showing enthusiasm for Japan's real estate market. European and American property and investment companies are continuing to purchase residential and commercial buildings, while a major US bank has set forth on establishing a REIT in Japan.

The background to this renewed vigor is the outflow of funds in Europe due to the European debt crisis, and a general feeling that the real estate market in Japan has bottomed out. Experts are anticipating that the long-stagnating real estate market is finally reaching a turning point.Read more

by Zoe Ward