Rising property prices in Tokyo fuels resentment, anti-immigration sentiment
Rising property prices in Tokyo fuels resentment, anti-immigration sentiment
CNBC’s Lin Lin talks to Squawk Box Asia’s anchor Martin Soong about rising property prices in Japan’s mega cities, as foreign buyers swoop in, fueling anti-immigration sentiment.
Chinese own the most land in Japan when it comes to foreign ownership. They buy in the expensive areas of Minato Ward of Tokyo.. You guys can ask Sheryl Ahn who is with Bloomberg.
Wages haven’t grown in decades in Japan. Productivity is low in Japan and has been for decades. It’s a totally stagnant country stuck in the past. Where are the new leading innovating companies in Japan like Apple, Google, Netflix, Amazon, Costco, US companies that dominate their industries inside Japan!! Compare Amazon to Rakuten, for growth, performance and results. Amazon blows away Rakuten.
Japanese need to be humble and recognize they have failed, fallen behind, are getting poorer and weaker and face a dire future unless they start to serious change all around!
Japan’s countryside is beautiful, why buy in Tokyo or Osaka even? The rail network is vast and extensive, thus retail convenience is identical everywhere. Tokyo summer is also unbearable,prefer the coast.
Look what happenned in Manila in Philippines : chinese started to buy condos, then some companies decided to build more and now (after few years) too many condos, most of them are empty, bubble is bursting …. same in Japan in few years… tic tac
These additional taxes and occupancy taxes, especially for nonresident overseas buyers are really discriminatory. Come at me in the comments I don’t care because these are capitalist countries with free market, economies, and imposition of stymies development. There’s no such tax or additional fees for foreign buyers in the US or the UK just what the locals pay. The big challenge in Japan is for potential buyers running into resistance from sellers because they are Caucasian or not Japanese. Japan’s racist enough without adding this additional frenzy to the narrative.
Mainland Chinese are trying to buy the world but the CCP don’t allow foreign purchases of property in China. They are hiding behind the ‘communist’ fallacy that is China.
Why can’t all these Japanese companies increase the wages of Japanese people instead of all this immigrants and other things these billionaires are real problem
China chinese have overtaken the property market in singapore also by driving up prices like crazy: we had a new condominium launched and the entire whole building was bought over by a china chinese investor! Also recently a case of money laundering of billions of dollars by china chinese group and they bought our bungalows and landed properties etc. They were caught by the authorities though after many years.
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This has been happening in the UK for decades, particularly London where we were gas-lighted into believing it was a 'good thing.'
regular working class immigrants or rich people/globalists? we know the answer
Chinese own the most land in Japan when it comes to foreign ownership. They buy in the expensive areas of Minato Ward of Tokyo.. You guys can ask Sheryl Ahn who is with Bloomberg.
Wages haven’t grown in decades in Japan. Productivity is low in Japan and has been for decades. It’s a totally stagnant country stuck in the past. Where are the new leading innovating companies in Japan like Apple, Google, Netflix, Amazon, Costco, US companies that dominate their industries inside Japan!! Compare Amazon to Rakuten, for growth, performance and results. Amazon blows away Rakuten.
Japanese need to be humble and recognize they have failed, fallen behind, are getting poorer and weaker and face a dire future unless they start to serious change all around!
Same thing in Los Angeles, Vancouver, Sydney, Seoul! Popular cities for Chinese “investors”
Japan’s countryside is beautiful, why buy in Tokyo or Osaka even? The rail network is vast and extensive, thus retail convenience is identical everywhere. Tokyo summer is also unbearable,prefer the coast.
Japan should tell them to go back to their countries!
Look what happenned in Manila in Philippines : chinese started to buy condos, then some companies decided to build more and now (after few years) too many condos, most of them are empty, bubble is bursting …. same in Japan in few years… tic tac
too many chinese trying to hide their money from the CCP by buying properties overseas.
USA should have annexed Japan. 😂😂😂
ITS ALL ABOUT THE CHINESE, STOP THE CHINNNNNNNNNNNNNNNNNNESE
THOSE LAWS FOR AUSTRALIA ARE ONLY FOR 2 YEARS NOT PERMANENT
Thanks to Chinese buying up land throughout the world
Chinese do this everywhere in every developed nation.
Same thing in Hawai’i in the 80s when affluent Japanese buying up property, and now most locals price out. How’s that for Karma?
These additional taxes and occupancy taxes, especially for nonresident overseas buyers are really discriminatory. Come at me in the comments I don’t care because these are capitalist countries with free market, economies, and imposition of stymies development. There’s no such tax or additional fees for foreign buyers in the US or the UK just what the locals pay. The big challenge in Japan is for potential buyers running into resistance from sellers because they are Caucasian or not Japanese. Japan’s racist enough without adding this additional frenzy to the narrative.
Comes around goes around
Chinese criminals laundering money, nothing more. See Singapore for a playbook.
Definitely the Chinese and American migrants!
*NEWS FLASH!*: Locals disdain gentrification
Mainland Chinese are trying to buy the world but the CCP don’t allow foreign purchases of property in China. They are hiding behind the ‘communist’ fallacy that is China.
No need to live in downtown Tokyo anyway (Too much of the economy and population is being concentrated in Tokyo already).
Let them run up the prices all they want and turn it into a ghost town, companies will start relocating to other parts of Tokyo and other cities.
It’s how Vancouver and Sydney got destroyed 🤷♂️🤷♂️
Yeah that’s how the Chinese launder money
all goes back to the plaza accord. there are consequences for losing the war, japan.
Why can’t all these Japanese companies increase the wages of Japanese people instead of all this immigrants and other things these billionaires are real problem
China chinese have overtaken the property market in singapore also by driving up prices like crazy: we had a new condominium launched and the entire whole building was bought over by a china chinese investor! Also recently a case of money laundering of billions of dollars by china chinese group and they bought our bungalows and landed properties etc. They were caught by the authorities though after many years.
Chinese capital flight has to go somewhere.
Take a look at Singapore's property prices.
"foreigner"?
Just say Chyna.