Property Management Hints and Tips from Japan

Delivering Japanese Real Estate Information and More!

Real Estate Investment

Miyako Island – the Next Up-and-Coming City for Real Estate Investment

投稿日:2019-08-30 更新日:

Miyako Island is part of Okinawa Prefecture that is located Southwest of Okinawa and East of Taiwan.

It has an area of 158.87  km2  and a population of approximately 51,000 people.

In Miyako Island, you can find stunning coastal line and extraordinary ocean view.

With that being said, inbound tourism has been increasing in the past few years and the demand of hotels and housing has also increased correspondingly.

Airport In Miyako Island

In 2017, Mitsubishi Real Estate Services Co., Ltd. (refer to Mitsubishi below) started a renovation project on Shimoji Airtport in Miyako Island to stimulate the tourism industry.

Shimoji Airport has been an airport for flight training since 1971. Mitsubishi’s renovation plan is to turn Shimoji Airport into domestic and international terminal with mainly flights from low cost carriers such as Jetstar and Peach Aviation.

The opening of Shimoji Airport was taken place in March 2019, and is expected to further contribute to the growth of international tourism in Okinawa Prefecture.

Tourism in Okinawa

Okinawa Prefecture’s tourism is growing steadily recently. The visitors to Okinawa Prefecture outnumbered Hawaii’s visitors in 2017.

This is due to the rapid increase of tourists from Asia countries and Japanese Government’s scheme in advancing the tourism industry.

Of course, this caught many property investors’ attention which lead to a rush in the construction of hotels in Miyako Island.

Land price is also accelerating thanks to the above influences.

Hotel for Sale?

Observing the growth of tourism in Miyako Island, Art Avenue established a branch office in Miyako Island in 2017.

Art Avenue Miyakojima’s main objective is to contribute to Miyako Island’s tourism through the development of hotel business.

We are now producing a hotel and is planned to be finished this year. The hotel may be available for sale in the near future so keep in touch!

Miyako Island’s developing tourism and real estate investment is going to be the next hot topic of the town!

For more information, visit our home page

Side note.

Japan is famous for its local mascots. Each prefecture, city has its own mascot that represents the area.

Miyako Island’s mascot is a police officer named Mamoru-kun.

He is located all around the island to watch over drivers and ensure safety on the road!

Miyako Island’s Mascot – Mamoru-kun.

 


							

-Real Estate Investment
-,

執筆者:


comment

Your email address will not be published. Required fields are marked *

CAPTCHA


関連記事

COVID-19 in Real Estate Industry

The COVID-19 pandemic is becoming more severe in many parts of the world. Hope everyone is staying safe. Art Avenue is taking necessary measures to prevent further spreading of the virus. Under such situation, we have received voices of concern from our valued customers and business partners regarding the operation of our company and real estate industry. Impact on the Real Estate Industry As reported on news, hotels and private lodging are experiencing a major shock. In Osaka, private lodging management company established bankruptcy as a result of COVID-19. We have also received rent reduce negotiations from a few lessee …

Civil law amendment in 120 years! How does the new law affect rental in real estate?

Civil law in Japan was amended for the first time in 120 years and the new regulations have come to effect on April 1st 2020 (with exclusion). New regulations apply to all lease agreements ‘’signed’’ after the effective date. Keep in mind that ‘’signing date’’ and ‘’starting date’’ of a lease is different. Even if your lease starts after April 1st, if you sign your name on March 31st, the new regulations do not apply Let’s look at the changes that the amendments made in the rental market! Below are the most frequent asked questions. Will there be more or …

Solution to Limited Storage

Storage is one of the most important factors being considered when looking for housing. Renovating a Japanese-styled wardrobe into modern closet, installing shelves and organizers to make storage more useful are ways to improve apartments’ value. However, for rooms that are too small or with unique shapes preventing them from installing storage space can consider placing storage ”outside”. Japanese Style Closet Modern Closet   Rental Storage at Common Area Following the rules of land-to-building ratio, it is possible to utilize the empty space in your property to install ”rental storage”. For instance, it costs 500,000JPY to install five 1 m2 storage. …

Hazard Map and Real Estate Investment

Japan is a hazard vulnerable zone. Every year, Japan gets hit by numerous natural disasters such as earthquakes, cyclones, typhoons, floods, and even volcanic eruptions. Depending on the area, the destruction of natural disasters can be more severe than that of other area. Hazard Map by Japan Government The Ministry of Land, Infrastructure and Transport has published a map showing area that are under the risk of floods, mudslides, and tsunami. This map also shows at what level the area is at risk of the above natural disasters. Below are maps showing areas near Tokyo that are under the risk …

Interior-Coordinator – Using Colors to Showcase your Apartment

Have you heard of ”Interior-Coordinator”? Interior Coordinator is a professional who uses various forms of decoration such as furniture and lighting to create an aesthetically pleasing living space. While this qualification is not required in property management, the knowledge of interior design can come in handy when considering the operation of furnished rental apartments and lowering vacancy rate with home staging. Moreover, this is significatly crucial in the case of renovation. Make your property more appealing by home staging We all know the importance of first impression. It is proven that 83% of people’s first impression is determined by what they …