Property Management Hints and Tips from Japan

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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.

 


							

						


				
	
							
	

		
							
					

	
							

	

	
 

						

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