Capitalize on Japan's economic recoveryOverseas Property | 28 May 2020
Like the rest of the world, Japan has been impacted by the Covid-19 pandemic, but Keith Wong, Business Development Manager of TY Property Development, maintains a positive outlook on the Japanese property market, because of the country’s steady economic recovery, a stable currency, a low entry threshold, and sound returns on investment.
Wong points out that investing in Japanese properties is a sound defensive strategy as it poses a relatively lower risk than investing in other mainstream products, such as stocks, bonds and oil. “It is important to opt for a safe and promising product to invest in during the current economic recession,” he adds.
He also reminds investors that Japan is emerging from 25 years of economic recession, and its property market is showing signs of steady growth, with prices increasing by 20% between 2012 and now.
With the implementation of the ten-year plan by the Japanese government, Wong believes that a golden era of Japanese property market is about to commence. Significant developments include the Tokyo 2021 Olympic and Paralympic Games, Expo 2025 and the establishment of casinos in Osaka. “These events will work magic on top of the strong economic base of the country,” he notes.
As a booster to Osaka’s economy, Nishinari Ward in South Central Osaka is provisioned to be transmogrified into a Chinatown by 2025, before the opening of the Osaka-Kansai Japan Expo 2025. By then, the area will see a total of 120 new shops in Chinatown with a projected 22.4 billion yen in sales. There will be a brand new landmark six-star hotel at South Central Osaka, developed by one of the leading Japanese hotel companies, and scheduled to open in March 2022.
While Osaka’s tourism is moving full steam ahead, housing price in the city is also expected to grow strongly. To take advantage of the mushrooming economy in the city, TY-property is launching its first development, Queens Park CK, in Osaka.
Queens Park CK
Situated in the heart of Osaka’s Chinatown, Queens Park CK offers 34 flats on 7 floors, consisting of room types A and C of 25.01 m²; and room type B of 25.07 m². The property boasts a contemporary design crafted by Japanese designers, matching a 6-star Hong Kong hotel in quality.
All flats come with an individual B&B license that allows you to take charge of your own units, with all furniture and home appliances from top-notch Japanese brands. Therefore, they are ready to move in, for rent, or to start your own B&B business in Japan! Putting residents’ safety as a top priority, the property is earthquake-proof up to grade 7.
Queens Park CK is surrounded by a bounty of tourism attractions such as Tsutenkaku, Osaka Tennoji Zoo, Chinatown, and many more. In terms of transportation, it is a 2-minute walk to Dobutsuen-mae Station; a 5-minute walk to DobutsuenmaeIchibangai; an 8-minute walk to Osaka City University Hospital; and a 10-minute walk to Tsutenkaku, known as the Eiffel Tower of Osaka. To travel around the city, you can also take an 8-minute ride to Shin-Imamiya Station; a 16-minute ride to Namba Station; or a 30-minute ride to the Osaka International Airport.
Scheduled for completion in the first or second quarter of 2021, the property is expected to provide a rental yield of 6-8%. Furthermore, the managing company will guarantee a 6% rent yield in the first two years.
TY Property also offers renewed mansions. The mansions have been taken over and renovated anew by TY Property. From choosing your dream house to comparing prices and assessing rental yields, TY property has the required expertise to help you with your investment plans.
Tel: (852) 2111 1748