Overseas buyers of new condos in Tokyo

8 comments

1. A very good sign.

2. Some important context here is that Mainland Chinese buyers face tight currency export controls and have to find creative ways to get money out of the country, often via other Chinese-speaking jurisdictions.

   This helps to explain why there are apparently way more Taiwanese, Hong Kong, and Singapore buyers than from mainland China.

3. This is correct. It’s not Taiwanese people buying property it’s Chinese people via taiwan

4. So overall purchases are down in absolute numbers from before the pandemic, and are also currently trending flat.

   I guess we’d also need a comparison to the overall supply and perhaps the pricing information to best evaluate the actual impact on the market, but this in isolation certainly makes the recent panic look like a big nothingburger.

5. Xenophobia except for “Shin-nichi” is the dumbest bias Japanese have.

6. Is this counting buildings? Or individual units? Because even though I obviously think non-resident buyers is not good, if we’re talking units here, surely 300, even 500, is not making a meaningful difference…

7. In the six central wards, [92.5 % of buyers are still Japanese.](https://yasashii.asahi.com/articles/article_0001273.html)

8. I just spend a minute looking at this chart very confused before realizing it wasn’t actually about “Overseas buyers of new condoms in tokyo”

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