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, …

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 …

Property For Sale【May’s Pick】

Here is our pick up properties for sale! In this issue, we focus on newly built properties. Many of them still do not have pictures since they are still under construction. They are all equipped with popular features and most of them have security locks installed to ensure safety. Click to download full size ⇒20200421_property for sale If you have any questions, contact us on 

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. …