Wealthy Chinese: Explosive purchases of Japanese real estate!
– Purchasing restrictions are looser than in Europe and the United States –
PRESIDENT Online
freelance journalist
Megumi Nakajima
Wealthier Chinese are buying up real estate in Japan.
Why buy up real estate in Japan instead of Europe and the United States?
“In Europe and the United States, real estate purchases by foreigners are restricted, but in Japan there are not many restrictions,” he said.
Aim of real estate in Tokyo
The aim is “within a 6-minute walk from a large station and on the south side of the Yamanote Line”
Here are three conditions for buying real estate in Tokyo.
First of all, the nearest station is a large station, it is within a 6-minute walk from the station, and it is on the south side of the JR Yamanote Line, which has a high asset value.
Monthly rental income of 300,000 yen or more
Even with just one property, the monthly rent income is over 300,000 yen, which can cover the loan of the house.
Of course, you can cover property taxes with rental income.
When you reach retirement age, it is calculated that you will earn 6 million yen every year from real estate alone. You will not have to worry about living expenses after retirement. Be prepared for old age.
Chinese people’s “anxiety about old age”
Of course, increasing assets is a big goal, but he says that he always has “anxiety about old age” in mind.
The reason why people always think about “old age” is because of China’s domestic circumstances.
China’s instability risk
In China, where the birthrate is declining and the population is aging at a faster rate than Japan, many people feel anxious about old age.
There are many risk factors in China, such as the bursting of the Chinese bubble, the real estate recession, and political problems. If you can take your assets abroad, you want to own your assets somewhere.
Vulnerabilities in China’s healthcare system
Structural problems in China’s medical system also have something to do with rushing to buy real estate abroad.
Having a house in Japan, getting permanent residency, receiving medical care in Japan, and spending the rest of my life there would be a real relief.
Cash in China may suddenly turn into scraps of paper, but with real estate in Japan, they think the risk is low.
Japan has loose restrictions on real estate purchases
Japan, which has loose restrictions on purchases, is being targeted.
Many countries in Europe and the United States have restrictions on the purchase of real estate by foreigners, but there are not many restrictions in Japan.
Compared to Europe and the United States, the appeal of Japanese real estate is that it is safer, it is closer, and the yield is more stable.
Yields in Japan are stable, and some Chinese see real estate as a savings account.
Chinese wealthy people buying real estate
People who can make cash of 100 million to 300 million yen, people who can buy one building.
If you have real estate in Japan, you don’t have to worry about housing after retirement.
Buy real estate for a child studying in Japan. Many parents want to stay when they come to Japan.