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



							

				

																								

				

					

							Problem Prevention & Profit Boosting Management Techniques – Organizing Bicycle-Parking						


					

						
Is the Bicycle-Parking in Everyone’s Property Organized? Bicycle-parking is often located in the front of the apartment near the entrance. Abandoned bicycles can affect the image of the property in a negative way. Moreover, disorganized bicycles fall easily and can cause damage to bicycles nearby leading to neighbor disputes. Problem Prevention and Profit from Parking Fee There are two benefits in organizing bicycle parking – one is to prevent neighbor disputes. In case bicycles fall and damage nearby bicycles, not only does this lead to arguments between tenants, owner and property management company are also at fault as the responsibility to maintain … 

					

				

			

					

				

																								

				

					

							Property for Sale 【April’s Pick】						


					

						
Art Avenue will be delivering information of properties for sale regularly! Below is our recommendations in April. Click to download full size　⇒　20200404_property for sale As many of you have already known, besides property management, Art Avenue also helps our valued customers in selling properties. At the same time, we also help our customers look for properties that meet their investment plan. Don’t worry if you do not know how buying and selling works! Our sales department is here to assist you throughout the process. We have various teams that specialize in buying and selling, assessing property’s value and potential rent, … 

					

				

			

					

				

																								

				

					

							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. … 

					

				

			

					

				

																								

				

					

							Tenant-Satisfaction and Apartment’s Appearance – 24 Hour Accessible Disposal						


					

						
Customers check not only the room, but also the common area of an apartment. According to the latest edition of tenant-satisfaction survey conducted by Recruit Sumai Company, more than half of the participants stated that they look at the condition of the common area when renting an apartment. Among the above participants, 84% of them answered that they take into consideration of the disposal station in the process of renting. The condition of the common area reflects how well a property management company is doing their job. Regardless of how nice a room can be, an unhygienic and faul smelled … 

					

				

			

				

						
						

							

																									
NEXT

									

										The Most Desirable City to Live in Japan Yokohama