What property You Can Buy in Tokyo with USD500,000
Market Data shows a trend on the pricing of properties. But what can you actually buy? Find out what property you can buy with USD 500,000 in Tokyo. This time, the article features the Bay Area – Harumi / Tsukishima area – known for its rapid development and an epicenter of the Summer Olympic Games in 2020.
Related: See what you can buy in central Tokyo for USD 100,000
1. The Harumi Residence: USD464,000 / JPY 55,000,000
70.51 SQM+12.54 SQM balcony / 2 bedroom / 5F (20F) / Built in 2009
EXPECTED ANNUAL GROSS YIELD: 4.7%
The Harumi Residence is located right next to the athletes quarter’s of the Summer Olympic Games. As reported before, the area is expected to see a number of developments and this is one of the early ones – built in 2009.
10 minutes walk from Kachidoki Station with a walk of soothing cannel and bay view is certainly a treat for the neighbors.
As of February 2015, the same sized unit on the 14th floor rents out for USD 1,800 / JPY 215,000.
Monthly management fee: USD 138 / JPY 16,400
Monthly reserve fund for building repair: USD 60 / JPY 7,100
2. Famile Tsukishima Grand Suite Tower: USD 489,000 / JPY 58,000,000
65.05 SQM+11.96 SQM balcony / 2 bedroom / 13F (29F) / Built in 2002
EXPECTED ANNUAL GROSS YIELD: 4.7%
Famile Tsukishima Grand Suite Tower is located right next to Tsukishima Station – making its rentability very attractive. Tsukishima Station connects to Yurakucho Line and Oedo Line and its accessibility to downtown Tokyo is an ease – 10 minutes ride
Monthly management fee: USD 120 / JPY 14,200
Monthly reserve fund for building repair: USD 60 / JPY 7,200
As of February 2015, a similar sized unit on the 3rd floor (61.74 SQM) rents out for USD 1,922 / JPY 228,000.
Exchange rate: As of February 16, 2015.
Photo: Google Map