"Chinatown"-Official media of Chinese Australians

According to data from the Institute of Real Estate Economics in Japan, housing prices in Tokyo have risen by 11% in the past two years, reaching the highest point since the early XNUMXs. The buying behavior of Chinese buyers is one of the reasons for this result.

Bloomberg recently reported that the trend of aggressive housing prices launched by Chinese buyers in Vancouver is now spreading to Japan: trucks of real estate buyers have poured in from China to purchase a large number of real estate, leading to rising housing prices.

According to reports, real estate agencies in Beijing are organizing trips to Tokyo and Osaka. Twice a month, 40 Chinese people come together to purchase real estate during the three-day trip and seek reliable locations for overseas investment.

According to reports, the devaluation of the yen has reached its lowest point in 22 years, which aroused their desire to buy. They also hope that the 2020 Tokyo Olympics can raise housing prices, just like the 2008 Beijing Olympics. It is reported that in the near future, Shanghai will also start the journey of buying a house.

According to data from the Institute of Real Estate Economics in Japan, housing prices in Tokyo have risen by 11% in the past two years, reaching the highest point since the early XNUMXs. The buying behavior of Chinese buyers is one of the reasons for this result.

Zhou Zhou Nan is an agent of China SouFun Holdings Limited based in Osaka. He said: "Demand is rising in a spurt." He said that this year his mainland Chinese customers increased by 20% compared to the same period last year. "Before last year, Chinese buyers were mainly from Taiwan. When the RMB exchange rate depreciated, the situation began to change."

Thousands of Chinese went to the real estate agency in Ikebukuro Chinatown in Tokyo on their own. Classified ads, including real estate sales information, were published in free Chinese newspapers and distributed outside a Chinese supermarket selling frozen dumplings and sweet peppers.

Song Zhiyan is an agent of BestOne Real Estate Company in Ikebukuro. "There are so many Chinese buyers lately," she said, using WeChat to contact thousands of potential customers in China who can fly to buy houses. She said: "I only accept customers who can pay in cash. Why waste time with each other?"

Song Zhiyan told the buyers to start quickly: real estate sales are extremely fast, if you have to bargain, you will find that the house has already been sold. She said that in the past six months, the transaction volume of mainland buyers in Tokyo alone has tripled.

Since the 2008 global credit crisis, the recession of the Japanese economy has caused Tokyo's price gains to lag behind other core cities such as New York, London, and Hong Kong. According to data provided by the Boston Consulting Group, Chinese buyers have created countless millionaires last year, which may soon change the dynamics of the local real estate market.

Article reprinted from The Paper

Welcome to the news and discuss cooperation! Editor-in-chief of "Chinatown" WeChat/QQ: 28771796

============================

Go to the "Chinatown News" Fcebook page and click like, you can know the latest Australian ๑play, ๑immigration, ๑life information anytime and anywhere ☆✿~
https://www.facebook.com/news.china.com.au
---------------------
"Chinatown" WeChat subscription account is now available, allowing you to keep track of more updated Australian information every day
WeChat subscription account: news-china-com-au
============================