王琴（Alicia Qin Wang）——2025-2026年贷款获取及市场动态.pdf

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1、Commercial Property(multifamily,block of units,block of flats)with Leverage Non-Resident LoanA AWhy invest in JapanAWhy Japan Real Estate Offers Exceptional ReturnsCapitalAppreciationTokyo prime office/residential prices rising steadilySteadyCash FlowRental yields of 35%in core markets with 2.5%vaca

2、ncy.CurrencyGain PotentialYen undervaluation+narrowing U.S.Japan rate gap upside for dollar-based investors.The Rate Differential(Short-term Driver)US Federal Reserve hiked aggressively while Bank of Japan stayed ultra-loose USD yields far higher than JPY yields.The Fed is expected to cut rates whil

3、e BoJ normalizes policy,narrowing the rate gap and making yen relatively more attractive.Source:JLL Global Real Estate Perspective,Q3 2025Market Update 2025Superior Tenant QualityCategoryJapanUSALease Length&RenewalStandard 2 yearsOften 1 year;no renewal without cause in some statesRent IncreasesNo

4、rent control,no capRent control and annual caps in some placesUpfront Costsfor TenantHigh:deposit(12 mo.)+key money+agent fee+rentModerate:deposit(1 mo.)+first month rentPropertyManagement Fee45%of monthly rent710%of monthly rentRent GuaranteeInsuranceMandatory:Tenant pays guarantor companyRare:Usua

5、lly optional renters insuranceWhere to invest in JapanAAWhere to buy?What to invest in in JapanALong Term vs Short Term ComparisonCategoryLong-Term(Proven Path)Short-Term(Airbnb Dream)Legal ComplianceSimple,no tax on rental incomeComplex:licenses,180-day cap,bans in many towns,only weekendManagement

6、 NeedsMinimal(tenant pays monthly,little turnover)Heavy(24/7 guest support,cleaning,bilingual communication)Cash Flow StabilitySteady,predictable incomeHighly variable,dependent on tourist demandVacancy RiskLower,tenants often stay yearsHigher,bookings fluctuate seasonallyBest Fit ForInvestors seeki