Land prices in Japan have seen the biggest drop in five years as more discouraged buyers and tighter markets cut off funding to developers. In the 12 months leading up to June this year the average price has dropped 4.4 percent. This reflects an 18 month spell of decline said the Ministry of Land, Infrastructure, Transport and Tourism in a report.
Archive for the ‘Japan Property’ Category
Biggest Drop Of Land Prices In Japan In Five Years
by OP-Mall on Monday, September 28th, 2009 in Japan Property, Tokyo Property
Asia’s Top Ten Luxury Hotels
by OP-Mall on Thursday, May 28th, 2009 in Cambodia Property, China Property, Holiday Property, Hong Kong Property, Japan Property, Shanghai Property, South-East-Asia Property, Thailand Property, Tokyo Property, Travel, Vietnam Property
Randy Lynch, founder and seasoned traveller of U.S. based luxury travel firm Kipling & Clark has compiled a list of his favourite hotels in the Asian region which has now been released by the guide.
The list features the top ten luxury hotels in all of Asia where wary travellers can rest their bodies after a hard day of sightseeing or shopping. We have listed them in order of rank below:
10 Most Expensive Cities to Own a Home
by OP-Mall on Tuesday, February 24th, 2009 in Billionaire Homes, Buying Property, London Property, Luxury Property, Monaco Property, Moscow Property, Mumbai Property, New York Property, Property in Paris, Rome Property, Singapore Property, Tokyo Property
Provided you have the spare cash-flow and fancy a spot of sea change, then you might like to invest into a second home somewhere more exciting and away from home. But with investment usually comes cost and lifestyle change and we wonder, if it is really worth it?
Only those who have taken the plunge know this with certainty, for all others you can dream on by looking at the world’s most expensive cities to own a home. Compiled by the guys from Global Property Guide.
Property Grand Prix – Japan
by OP-Mall on Monday, October 13th, 2008 in Japan Property
A chaotic start in Fuji gave Fernando Alonso the chance he was hoping for after winning last years Japan Grand prix. While Kubica took the lead early on, Alonso used the first pit stop to pass Kubica with his decision to take less fuel and from then on, he led the race without ever feeling threatened again.
Lewis Hamilton wasn’t so lucky. He took the lead right at the start with a feisty move which was said to have put Raikkonen off the road on the first corner and that maneuver earned him a penalty.
Making Japanese Real Estate Letting more ‘Foreigner Friendly’
by Overseas Property Mall on Sunday, August 24th, 2008 in Japan Property
Saitama, a prefecture of Japan located on the of island of Honshū is according to this source becoming more foreigner friendly. A government initiated project which has drafted over 113 agents, prepares pamphlets that explain the rules of renting and living in an apartment in Japan in Chinese, English, Portuguese and Spanish as well as offers telephone advice on finding guarantors.
This “foreigner-friendly” policy is also helping boost business for the participating agents.
Here is a breakdown of the 479 enquires in 2007; 153 from Chinese (32 percent), 54 from Brazilians (11 percent) and 49 from South Koreans and ethnic Koreans (10 percent).
It is an interesting assessment of migration to this Japanese level.
Photo credit: airthru takashi [via flickr]
The World’s Most Expensive Office Rent Markets Revisited (2008)
by OP-Mall on Wednesday, June 4th, 2008 in Indian Property, International Real Estate Trends, Japan Property, Moscow Property, Research, Singapore Property, Vietnam Property
Global economies have been harshly affected by three major factors; soaring food prices all over the world, the disruption in the financial and credit card markets within North America and the massive increase in energy prices for net consumers.
Despite all the impact these events have had on the global economy, the U.S. posted a 0.6% annualized rate of GDP growth in the first quarter this year. Naturally, all these factors affect the office market worldwide. CB Richard Ellis has released their latest report of Global Market Rents that indicates office rents and occupancy costs worldwide. Like last year, London’s East End is topping the list once again for being the most expensive markets.
Price per Square Foot for Luxury Condos
by Overseas Property Mall on Monday, December 24th, 2007 in Condominiums, French Property, Hong Kong Property, Italy Property, Japan Property, London Property, Moscow Property, New York Property
Price per square foot can be an interesting approach to pricing real estate and we though it would be interesting to compare luxury condominium prices around the world to other types of space for sale. How much space in a luxury condominium would you get for £100,000? These prices are based on Knight Frank’s annual wealth report 2007 and may have changed slightly since then. These are the top ten contenders.
1. London
London currently tops the list. £100,000 buys you 43.5 square feet. Coincidentally, this is exactly the same footprint as the Ford Escape, an American SUV. So you can rest assured you will be able to park the car at this price.
Tokyo Condominium Market Reaches Saturation Point
by Overseas Property Mall on Tuesday, November 20th, 2007 in Japan Property, South-East-Asia Property
The number of new condominiums put on sale in the greater Tokyo area in September fell 19.8% from a year earlier to 5,202 units, the second consecutive drop in two months, the Real Estate Economic Institute said Tuesday.
Japan leading the Indian Investment Surge?
by Overseas Property Mall on Wednesday, November 14th, 2007 in Indian Property, Japan Property, Property News Summaries
We took a look recently at the “Ups and Downs of the Indian Property market,” and felt a closer look at the situation was in order.
According to a recent report by the Financial Times, the real estate sector in India has seen tremendous growth over the past year; property prices have soared and the number and scale of projects has increased.
To fund these projects, developers are looking to investors, both domestic and foreign, through avenues such as listings on London’s Alternative Investment Market, domestic initial public offerings, private equity participation and the setting up of joint ventures.
The Indian government is now allowing foreign investment in townships, housing, built-up infrastructure and construction projects without prior approval from the exchange control regulator.
Rippling effects of US subprime crisis in Japan
by Overseas Property Mall on Monday, November 5th, 2007 in Japan Property
The knock on effect of the US sub prime mortgage crisis seems to be having an effect on Japan’s housing market.
Japan´s Ministry of Land, Infrastructure and Transport, released a report last week, stating that the seasonally adjusted annualized housing starts have been pushed down to a record-low of 720,000. Housing starts have shown steep year-on-year declines each month, with a 23.4 per cent drop in July followed by a 43.3 per cent plunge in August. Construction starts for owner-occupied homes dropped 21.6 per cent, while those for rental homes tumbled 51.3 per cent. Building starts for homes for sale fell 55.6 per cent, with condominiums falling 74.8 per cent.
In the third-quarter GDP estimates they had released by Wednesday, eight private-sector economic research institutes saw an average 9 per cent decline in housing investment, the largest drop since the 11.1 per cent slide in the April-June quarter of 1997, when the consumption tax was raised. A 9 per cent decrease in housing investment translates into a 0.3 per cent drop in quarterly GDP. “Construction investment cannot be ignored because it accounts for roughly a quarter of capital investment,” an analyst at NLI Research Institute said.
Many pundits are putting the bleak housing figures down to the sub-prime mortgage problem in the U.S, but there were a few positive comments coming from the Land and Industry Minister, Tetsuzo Fuyushiba, who said, “housing starts will head toward a recovery in one or two months.”
But some within the industry, including an official at the Japan Association of Architectural Firms, do not agree or expect a recovery this year. We are leaning this way also, because the US’s problems have a long way to go before reaching rock-bottom; the Japanese market is only just beginning to feel the effects.
Onigashimasu!
The Official website of The Japanese Ministry of Land, Infrastructure and Transport
