Forums / Property Investing / General Property / Tokyo land prices see first rise in 15 years

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  • Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    I posted a message about property in Japan a few months ago, but can’t seem to find it now.

    Prices in Japan have been dropping since about 1990. Now there appear to be signs the market is turning at last:

    http://www.japantimes.co.jp/cgi-bin/getarticle.pl5?nn20050921a1.htm

    For anyone interest in Japan and investments, I also have created a discussion group (whihc is mostly just newspaper articles), see:

    http://finance.groups.yahoo.com/group/Japan_invest

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of C2C2
    Participant
    @c2
    Join Date: 2002
    Post Count: 518

    Hi Terry, thanks for the info. Some of the articles came up scrambled on my computer. I’m assuming there in Japanese script. Did you post them in Japanese?

    C2

    Rich in happiness and money is better than rich in money with no happiness.

    Profile photo of MarkyMarkMarkyMark
    Member
    @markymark
    Join Date: 2003
    Post Count: 132

    Hi Terry,
    I also had the same problem. I think it has to with translations. All the articles come up as this.

    »ÅÍÍ¡½¡½½Âë¤äÀÄ»³¡¢³«¶È¥é¥Ã¥·¥å¡¢

    Cheers,
    MarkyMark

    Profile photo of units4meunits4me
    Member
    @units4me
    Join Date: 2005
    Post Count: 90

    Hi all.
    I remember hearing about how super expensive property in Tokyo was about 10-15 years ago and it seems this has been followed by extended periods of zero/-ve price growth.
    Interestingly, I was reading something the other day which suggests that now some of the Australian cities are now becoming some of the more expensive in the world.
    Does anyone think the same could occur here?

    Profile photo of alexleealexlee
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    @alexlee
    Join Date: 2004
    Post Count: 46

    I don’t think Oz is overvalued to the same extent as Japan was. At the peak they said that the land around the Imperial Palace in Tokyo could buy the whole of Manhattan or something!

    After 15 years of stagnation, though, even Tokyo isn’t that expensive. You can get a decent enough 2LDK (2 bedroom unit) for maybe 30m yen, which is only about $400k aussie. New 2 bedders on the North Shore in Sydney are selling for $500k at least.

    I think Sydney has become more expensive than Tokyo, and my pay in Tokyo is much higher than the equivalent job in Sydney! (20% tax, you can’t beat it!)
    Alex

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    Hi guys

    I think the problem with the mojibake/funny characters on the site is probably due to the encoding. If you try to change your settings in the view menu, then encoding to Japanese, it may work. Most of the articles are actually in English, but are from people with a Japanese OS.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of C2C2
    Participant
    @c2
    Join Date: 2002
    Post Count: 518

    My comp has Japanese OS and I’m still getting mojibake.

    C2

    Rich in happiness and money is better than rich in money with no happiness.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    Hi C2

    I’ve checked a few posts, and they are actually coming up in mojobake on my computer too. But when i did a search in my gmail account, the articles are coming up ok – they are all in Japanese. If you want to read any one in particular, then I can repost or email it to you. just let me know.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    外資の不動産買収が急増*過去数年で4兆円*業界試算
    2005/09/14, 北海道新聞朝刊全道, 3ページ, , 595文字

     外資系の金融機関やファンドによる国内不動産の買収が急増し、この数年間で三、四兆円規模に達したことが、不動産業界などの試算で十三日、明らかになった。地価下落によって、土地やビルが割安になったことや、経済情勢の好転でオフィス需要が回復してきたことを背景に、日本市場参入に名乗りをあげる欧米勢が相次ぎ、都心の地価回復を支えている。
     外資による不動産買収の九割は東京都心部が対象だが、景気が好調な名古屋、福岡にも買収を目指す動きが出てきた。「都心買い」に集中してきた海外マネーは、地方中核都市に向けて走りだそうとしている。
     一九八○年代後半のバブル経済期には、三菱地所がニューヨークのロックフェラーセンターを買収するなどジャパンマネーが世界の不動産市場を席巻したが、バブル崩壊による地価暴落とデフレ不況で情勢は一変した。
     経営が悪化した企業は不動産売却を銀行に迫られ、ダイエー銀座ビルはシャネルに、国際自動車の国際赤坂ビルは米国系ファンドのローンスターに売却された。
     日本の不動産市場に最も資金を投入している米モルガン・スタンレーグループは、二○○三年春に品川の再開発地区に完成した三菱自動車の本社ビルを、昨年末に約千四百億円で買収。対日投資を目的とする不動産ファンドに一兆円の資金を集めたもようで、○一年から今年初めまでに、ホテル、マンション、商業施設などの大型優良物件に三千億円以上投資した。

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    The above post is an article in written Japanese. If you haven’t got Japanese fonts installed, then it will probably appear as boxes.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

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