The Serviced Apartments PioneerCOURT ANNEX - Asahi Homes

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SERVICED APARTMENT MANAGEMENT

Three reasons we recommend serviced apartments

Serviced apartments are a highly advantageous option for property owners considering how to effectively utilize land or buildings. They offer higher profits compared to rental housing or offices and are suitable for properties with poor sunlight exposure or views. Demand for serviced apartments has risen in response to an increase in the number of foreign visitors to Japan in recent years. In addition, the Tokyo Metropolitan Government is implementing a project to develop a reassuring residential environment for foreigners and developing short-term lodging facilities for foreigners ahead of the 2020 Tokyo Olympics, creating a favorable environment for the serviced apartment business.

Excellent profitability

  • Higher profits compared to rental housing or offices

Applicable to a wide variety of real estate properties

  • Suitable for introduction at high-rise condominium units whose value is reduced by poor sunlight exposure or views
  • Suitable for downtown business districts, entertainment districts, and other locations unsuited to rental housing
  • Suitable even for properties for which repurposing or change of ownership is expected because of shorter tenancy agreements compared to rental housing

The business opportunity

  • Increase in the number of foreign visitors
  • Legal system support
    • Project to develop a reassuring residential environment for foreigners as one of the Tokyo Metropolitan Government’s ten Special Economic Zone for Global Innovation projects
    • Effective for fulfilling the “housing attachment obligation” applicable to large-scale buildings

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