“The number of other people our site has increased by 30 percent compared to the same time last year,” Zhao Kiyoshi, CEO of Shenjumiaosuan, a real estate platform founded in Tokyo’s Roppongi district, told Spa (Sept. 13).
“I feel that sales contracts are also increasing,” Zhao continues. “A year ago, the maximum number of homes sold cost around 15 million yen, but recently it is not unusual to see sale offers for a hundred million yen or more. “
According to Zhao, investment in Japanese real estate through other people in the “Chinese sphere,” which would come with mainland China, Hong Kong, Taiwan, Singapore, and other Chinese communities in Southeast Asia, had already increased for several years, but the recent drop in the price of the Japanese yen has further convinced other people that the time has come to buy.
For those with assets in Chinese yuan, the value of the exchange rate would have been higher by about 20% a year ago.
“I bought a second-hand apartment in Saitama for ¥130,000,000,” a Shanghai investor in his forties told the magazine. “Corporate ownership of construction has changed recently, and I hope it will provide me with a solid source of rent. income. “
The investor said knowledge of the web convinced him and that he bought the assets without seeing it.
The business is not limited to the Tokyo metropolitan area. On June 19, the Kyoto Shimbun reported that Chinese buyers had seized houses near the Golden Pavilion Temple (Kinkakuji) and condominium apartments in the city for around one hundred million yen. the sales were online transactions, meaning buyers hadn’t even visited the homes before.
Japan’s asset tax formula is attraction. Unlike countries like Canada and Australia, where buyers of non-resident goods pay taxes at rates 20-30% higher than locals, Japan does not penalize non-citizens or non-residents in the same way.
“Currently, the China-linked investment budget has bought houses in Shinjuku, Roppongi, as well as buildings housing food and beverage retail outlets in ginza district,” said Junji Sakaki, a real estate journalist. “Many homes had lost tenants due to the coronavirus pandemic, and their owners were in a hurry to unload them.
“New buyers are counting on revitalizing neighborhoods when the pandemic finally subsides,” Sasaki added.
According to an anonymous Chinese broker founded in Japan, in addition to wealthy buyers from mainland China, some Hong Kong citizens had moved their assets in anticipation of more political repressive measures in China. The recent sharp drop in the price of the yen has given them an additional incentive.
Frictions between Taiwan and mainland China have also led wealthy Taiwanese to buy top-tier residential properties. Since the beginning of this year, they have bought luxury condos in neighborhoods as wealthy as Shoto (near Shipurchasea) and Azabu, as well as advertising properties.
Last August, PAG, a Hong Kong-based investment fund, bought the Nagasaki theme park Huis ten Bosch (Holland Village) from travel firm H. I. S. of Japan for about one hundred billion yen.
“As the coronavirus pandemic subsides, more travelers will come,” predicts business journalist Masato Nakamura. emergence of high-quality domestic brands that Chinese can buy at home. “
According to Nakamura, the main motivation for most Chinese visiting Japan is to look for business opportunities. “It’s their national seal and everything we want to stay in the brain after the pandemic wears off and entry resumes,” he said.
Several tanks have predicted that by 2030, the scale of the Chinese economy will surpass that of the United States and that the global economy will evolve into 3 major regional economic blocs in North America, Europe and Asia.
A bit like all the Japanese investors who bought American real estate and corporations in the ’80s.
The more genuine property Chinese investors buy, also known as the “Chinese government,” the more Chinese will be sent to Japan for espionage and other nefarious purposes. It is easy to export to other people if they have a house and a job. of those things
It reminds me of when a Japanese consortium bought a disused church in my city and sent it back to Japan stone by stone.
Imagine the tourist charm of a building in Saitama!