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Making Japanese Real Estate Letting more ‘Foreigner Friendly’

Sunday, August 24th, 2008    Posted by Overseas Property Mall in Japan Property

Saitama.jpgSaitama, 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]


‘Moderate’ Housing Downturn Expected in Singapore

Wednesday, August 20th, 2008    Posted by OP-Mall in Singapore Property

public_housing_singapore.jpg Public Housing in Singapore [Credits - tuis]

Singapore has undergone a huge cosmetic building change over the last couple of years. Since 2005 the building boom has been so active that property prices have risen by 70 percent. In the last year alone, office rent and residential rent also went up by 70 percent. This means Singapore sorts now the highest office rentals in all of Asia.

The construction boom comes with a hefty price though. Markets have slowed down in the last few months, in fact so much so that the overall increase of property prices only reflected a 0.17 percent profit margin in the 2nd quarter of 2008.

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