One thing interesting about japan property and quite different from hong kong is that you dont look for much capital gain, especially for these type of old single apartment, i will discuss more on later series about the risk of buying japan property. And you are right, you should know more about japan culture before investing... I am just stupid :p
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lol, you are not stupid, you are just brave enough to make a try. May I know what is your first step for buying the flat? You go to Japan and find a property agent and have a greeting with them, and thna they wil lead you to the house? Or you find a local agent in Hong Kong?
My first step actually quite different. Instead looking at the best investment, i am looking at borrow opportunity. Because i am leaving hk for awhile and will be without a job, the first thing i used my salary proof to secure a low interest loan.
And then with the low interest fund, i look for interest arbitrage, and as i said in the article, i think yen is cheap and the rental yield is attractive. I am able to find a local agent in hong kong and then basically buy it right away as i dont want to lose interest without cash inflow. But i made alot mistakes now i think back, and i will discuss later.