Please click the link below to view Selected Commercial Properties on market - March 06 .2010The following list presents commercial properties currently on market for sale. Please make an inquiry either by phone or email for further details and disclosure.

contact : mail…  info@asteriskrealty.jp /  tel…  +81-3-3263-9909

Currency Rates (as of March 06 .2010) :

1 USD = 90.32 JPY , 1 CHF = 84.06 JPY , 1 EUR = 122.98 JPY , 1 GBP = 136.74 JPY , 1 SGD = 64.41 JPY , 1 HKD = 11.63 JPY

Please click the links below to view Past “Selected Commercial Properties Update”

- February 04 .2010  “Selected Commercial Properties Update”

- December 08 .2009  “Selected Commercial Properties Update”

- July 15  .2009  “Selected Commercial Properties Update”

- June 23 .2009  “Selected Commercial Properties Update”

- June 04.2009  “Selected Commercial Properties Update”

- May 21 .2009  “Selected Commercial Properties Update”

- May 14 .2009  “Selected Commercial Properties Update”

Related reports

“Largest transaction in 2009 Japan market, PCP Marunouchi for JPY 140 billion”

“Average NOI of office building in Japan”

“Average Net Cash Flow of office building in Tokyo”

“Average Management cost of office building in Japan”

“Average Maintenance cost of office building in Japan”

“Average Capex of office building in Tokyo”

“Pick-up Major Transaction (commercial)  -G Building Minami Aoyama 01-”

“Official land price 2008 (commercial area)”

“Expected real estate cap rates in Tokyo”

“Real Estate Capital Appreciation Return of Cetntral 5 words of Tokyo”

“Total Return of Cetntral 5 words of Tokyo”

“Real Estate Investment Index of Minato, Shinjuku, and Shibuya wards of Tokyo”

“Real Estate Investment Index of the 5 central wards of Tokyo”

“Japan Property Cycle”

“Historical land price of commercial area in Japan (1970-2008) “

Asterisk Realty is a first class private Japanese real estate brokerage that markets high net worth Japanese properties to international investors seeking advisory on property development, ownership, investment and occupation.

Superb off-market properties are rarely seen in the open market even during times of financial hardship. However there is a door way into the discrete market where conservative Japanese property owners welcome trusted and accredited “outside buyers”. Asterisk Realty is an exclusive gateway to build trust with foreign investment interest and introduce the best of the best off-market properties.

Japan Real Estate Market Summary
With pressure from a booming CMBS market and fiscal year end liquidations, some cash rich buyers are finding bargain deals that usually only appear once a year:

In recent news, PREEF announced it’s acquisition of Frontier Ebisu completed in 37 million Euros (4.62 billion JPY currency rate EUR 1 = 124.99 JPY as of 02/22/2010) with an estimated Cap rate of 6.5%.
This deal was on market for 1 year, beginning at an asking price of 7 billion JPY.
This is one example of a distressed seller liquidating at much lower price.
There are some other undergoing deals favoring buyers initiative as fiscal year end distressed selling is now at its peak period until the end of the Japanese fiscal year on March 31.
There are potentially more distressed inventory which we may see on sale within 2010 as refinancing dates approach.

Office Market

Market Status
Small sized office buildings are attractive for it’s higher cap rate, some opportunistic office buildings were available at above 10% cap rate
(built within 5-15 years, lot size JPY 1.0-2.5 billion in Tokyo central 5 wards)
On the contrary, large sized office building in Tokyo central 5 wards are still rare on-market. There is consistent strong demand for prime office buildings from institutional investors and the market level has remained relatively stable.
Market cap rate is about 4.5-5.25% for prime office buildings in Tokyo central 5 wards.
Those deals are most often exclusively available to a very limited network.

Market Cap rate (Central Tokyo Only)
*Office buildings in Tokyo 5 wards prime areas,built in about 5yrs, lot size is more than 5 billion JPY, cap rate is about 4.50-5.00%
*Office buildings in Tokyo 5 wards prime areas,built in about 10yrs, lot size is more than 5 billion JPY, cap rate is about 5.00-5.50%
*Smaller size office buildings (lot size : less than 1 billion JPY) : cap rate is 6.00 - 10.00%

Selected Properties
1.Central Tokyo Office Building (Minato-ku)
Completed : 1985
No. of floor: 10
Building Area : 10,000m2
Occupancy : 70%
Asking Price : JPY 5,000,000,000-
Net Operating Income / Cap Rate : 5.50% (at present occupancy)
Remarks : opportunistic, great deal for value-up investor,

2.Central Tokyo Office Building (Nihonbashi)
Completed : 1986
No. of floor: 10
NRA: 5,700m2
Occupancy : 100%
Asking price : JPY 6,500,000,000-
Net Operating Income / Cap Rate : 6.00%

Residential Market

Market Status
In spite of pressure from a booming CMBS market and fiscal year end sales, residential property market is the most stable attracting individual and corporate investors. Market level shows good support for residential prices.
As signs of increasing occupancy and stabilizing rent prices are seen, large sized and high end residential properties in Tokyo’s prime areas are becoming attractive deals for institutional investors.

Market Cap rate (Central Tokyo Only)
*Residential buildings in Tokyo 5 wards + Meguro & Bunkyo wards , built in about 5yrs, lot size is more than 4 billion JPY, cap rate is about 5.00-5.50%
*Residential buildings in Tokyo 5 wards + Meguro & Bunkyo wards , built in about 10yrs, lot size is more than 4 billion JPY, cap rate is about 5.25-5.75%
*Residential buildings in Tokyo 5 wards + Meguro & Bunkyo wards  ,built in about 10yrs, lot size is less than 1 billion JPY, cap rate is about 6.00 - 7.00%

Selected Properties
1.Central Tokyo Residential & Retail Building (Roppongi / Akasaka)
Completed : 2010
NO. of unit: 20 units (residences & retails)
Occupancy : 40%+
NRA : 3,000m2
Asking price: JPY 5,000,000,000-
Net Operating Income / Cap Rate : N.A
Remarks : Best location in Japan , Brand new building.

2.Central Tokyo Residential Building (Shibuya-ku)
Completed : 2007
NO. of unit : 31 (90% occupancy)
NRA: 850m2
Asking price: JPY 650,000,000-
Net Operating Income / Cap Rate : 5.60%

Hotel Market

Market Status
Hotel investment market is still in a difficult phase; decreasing occupancy rate has slowed down, however time is still needed for recovery. Roughly one fifth of well located and well marketed hotels are on the way to recovery,however the rest of industry are mired in constant price competition.

Some very rare and exclusive hotels are available due to owner distress. Kyoto is traditionally a very conservative city where
real estate deals are kept within a limited network. However recently a hotel superbly located in front of central Kyoto station became available for sale through our networks and is definitely worth to take a look at.

Market Statistics (December. 2009)
*Tokyo Hotel : ADR - USD 261.65  /  RevPAR - USD 189.96  /  Occ.rate - 72.6% (HNN),  76.0% (Hotel&Restaurant magazine)
*Japan Hotel : ADR - USD 161.17  /  RevPAR - USD 113.23  /  Occ.rate - 70.3%(HNN)
*Please contact us for more details.

Selected Properties
1.Brand new limited service hotel in Kyoto
Completed : 2009
Type : Limited service hotel
Access : 1 min to Kyoto station
No. of rooms : 200+
Occupancy :　unknown
Asking price: JPY 7,500,000,000-
*in front of Kyoto station, trophy hotel in Kyoto.

2 A variety of full & limited service hotels in Tokyo, Yokohama & Osaka
available upon inquiry.

(We are dealing development sites for luxury resort development such as destination club and etc,, too. please contact us for resort development in Japan.)

Financing / Debt Market

Lenders are primarily focusing on lending towards A-class properties
and properties with a maximum LTV of 50-60% on senior loans.
The interest rate is about LIBOR + 200-300 basis points for A and B class office buildings in Tokyo.

Asterisk Realty is a first class private Japanese real estate brokerage that markets high net worth Japanese properties to international investors seeking advisory on property development, ownership, investment and occupation.

Superb off-market properties are rarely seen in the open market even during times of financial hardship. However there is a door way into the discrete market where conservative Japanese property owners welcome trusted and accredited “outside buyers”. Asterisk Realty is an exclusive gateway to build trust with foreign investment interest and introduce the best of the best off-market properties.

Please contact us for superb investment opportunities in Japan.

Contact : info@asteriskrealty.jp

Please click the link below to view Asia/Pacific region Hotel ADR / RevPAR /Occ.rate  - December. 2009
*ADR / RevPAR = calculated from local currencies to USD at rates as of  20.February.2009

Source : HNN

Please make an inquiry either by phone or email for further details , disclosure and more investment opportunities to Japanese Hotels and Resorts.

contact : info@asteriskrealty.jp

Past  “Hotels on Market Update”

“Hotels on Market Update - February . 2010″

“Hotels on Market Update - October . 2009″

“Hotels on Market Update - July .2009 - Hotels & Ryokan (Small to Mid-Size)”

“Hotels on Market Update - April 23 .2009″

Related reports

“Hotel occupancy rates in major Japanese cities and hotels - December  2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - November 2009″

“Hotel occupancy rates in major Japanese cities and hotels - November  2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - October 2009″

“Hotel occupancy rates in major Japanese cities and hotels - October  2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - September 2009″

“Hotel occupancy rates in major Japanese cities and hotels - September  2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - August 2009″

“Hotel occupancy rates in major Japanese cities and hotels - August 2009″

“Hotel occupancy rates in major Japanese cities and hotels - July 2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - July 2009″

“Hotel Transaction Record in Japan from 2002 - 2009 (July)”

“Hotel occupancy rates in major Japanese cities and hotels - June 2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - June 2009″

“Hotel occupancy rates in major Japanese cities and hotels -  May 2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - May 2009″

“Hotel occupancy rates in major Japanese cities -  April 2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate  - April 2009″

“Hotel occupancy rates in major Japanese cities - March 2009″

“Hotel occupancy rates in major Japanese cities - Feb 2009″

“Hotel transaction record in Japan”

Asterisk Realty is a first class private Japanese real estate brokerage that markets high net worth Japanese properties to international investors seeking advisory on property development, ownership, investment and occupation.

Superb off-market properties are rarely seen in the open market even during times of financial hardship. However there is a door way into the discrete market where conservative Japanese property owners welcome trusted and accredited “outside buyers”. Asterisk Realty is an exclusive gateway to build trust with foreign investment interest and introduce the best of the best off-market properties.

Please click the link below to view Hotel occupancy rates in major Japanese cities and hotels - December. 2009

Japanese Major Cities

Japanese Major Hotels

Conrad Tokyo

*FS = Full service hotel  ,  *LS = Limited service hotel

Source: “Hotel & Restaurant”

Please make an inquiry either by phone or email for further details , disclosure and more investment opportunities to Japanese Hotels and Resorts.

contact : info@asteriskrealty.jp

Past  “Hotels on Market Update”

“Hotels on Market Update - February . 2010″

“Hotels on Market Update - October . 2009″

“Hotels on Market Update - July .2009 - Hotels & Ryokan (Small to Mid-Size)”

“Hotels on Market Update - April 23 .2009″

Related reports

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - December 2009″

“Hotel occupancy rates in major Japanese cities and hotels - November  2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - November 2009″

“Hotel occupancy rates in major Japanese cities and hotels - October  2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - October 2009″

“Hotel occupancy rates in major Japanese cities and hotels - September  2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - September 2009″

“Hotel occupancy rates in major Japanese cities and hotels - August  2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - August 2009″

“Hotel occupancy rates in major Japanese cities and hotels - July 2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - July 2009″

“Hotel Transaction Record in Japan from 2002 - 2009 (July)”

“Hotel occupancy rates in major Japanese cities and hotels - June 2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - June 2009″

“Hotel occupancy rates in major Japanese cities and hotels -  May 2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - May 2009″

“Hotel occupancy rates in major Japanese cities -  April 2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate  - April 2009″

“Hotel occupancy rates in major Japanese cities - March 2009″

“Hotel occupancy rates in major Japanese cities - Feb 2009″

“Hotel transaction record in Japan”

Asterisk Realty is a first class private Japanese real estate brokerage that markets high net worth Japanese properties to international investors seeking advisory on property development, ownership, investment and occupation.

Superb off-market properties are rarely seen in the open market even during times of financial hardship. However there is a door way into the discrete market where conservative Japanese property owners welcome trusted and accredited “outside buyers”. Asterisk Realty is an exclusive gateway to build trust with foreign investment interest and introduce the best of the best off-market properties.

Please click the link below to view Selected Residential Properties on market- February 12 .2010

The following list presents residential properties currently on market for sale.

Please make an inquiry either by phone or email for further details and disclosure.

Please contact us for more details. (click here to view our sample property report)

contact : info@asteriskrealty.jp

Tel : +81-3-3263-9909

*Sample Images*

*To find Condomoniums for sale in Japan , please visit at http://www.fudosanmarket.com

- Currency Rates (as of  February 12 .2010) :

1 USD = 89.58 JPY , 1 CHF = 83.51 JPY , 1 EUR = 122.42 JPY , 1 GBP = 140.55 JPY , 1 SGD = 63.42 JPY , 1 HKD =11.52JPY

- past  “Selected Residential Properties Update”

- Jan 20. 2010   “Selected Residential Properties Update”

- Nov 28. 2009   “Selected Residential Properties Update”

- Oct 24. 2009   “Selected Residential Properties Update”

- Sep 24. 2009   “Selected Residential Properties Update”

- Aug 31 .2009   “Selected Residential Properties Update”

- Aug 10 .2009   “Selected Residential Properties Update”

- July 28 .2009  “Selected Residential Properties Update”

- July 06 .2009  “Selected Residential Properties Update”

- June 15 .2009  “Selected Residential Properties Update”

- June 05 .2009  “Selected Residential Properties Update”

- May 21 .2009  “Selected Residential Properties Update”

- May 13 .2009  “Selected Residential Properties Update”

- April 22 .2009  “Selected Residential Properties Update”

- Related reports

“Domestic individual investors survey -it is time to buy real estate in japan-”

“Market rent of residential property in Tokyo”

“Pick-up Major Transaction (residential) -Lietcourt Arx Tower-”

“Expected real estate cap rates in Tokyo”

“Residential area land price 2008″

“Japan Property Cycle”

“Historical land price of residential area in Japan (1970-2008)”

“Average NOI of residential building in Japan”

“Average Net Cash Flow of residential building in Japan”

“Average Management cost of residential building in Japan”

“Average Maintenance cost of residential building in Japan”

“Average Capex of residential building in Japan”

Asterisk Realty is a first class private Japanese real estate brokerage that markets high net worth Japanese properties to international investors seeking advisory on property development, ownership, investment and occupation.

Superb off-market properties are rarely seen in the open market even during times of financial hardship. However there is a door way into the discrete market where conservative Japanese property owners welcome trusted and accredited “outside buyers”. Asterisk Realty is an exclusive gateway to build trust with foreign investment interest and introduce the best of the best off-market properties.

(sample image)

Hotels on Market Update - February .2010

- From small profitable hotel to world class trophy hotel-

The following list presents hotels currently on market for sale.

Please make an inquiry either by phone or email for further details , disclosure and more investment opportunities to Japanese Hotels and Ryokans  .

Contact : info@asteriskrealty.jp

*(We are dealing development sites for luxury resort development such as destination club and etc, too. Please contact us for resort development in Japan.)

- Currency Rates (as of  10 February .2009) :

1 USD = 89.65 JPY , 1 CHF = 84.08 JPY , 1 EUR = 123.30 JPY , 1 GBP = 140.54 JPY , 1 SGD = 63.19 JPY , 1 HKD =11.54 JPY

- Please click the links below to view past  “Hotels on Market Update”

“Hotels on Market Update - October .2009″

“Hotels on Market Update - July .2009 - Hotels & Ryokan (Small to Mid-Size)″

“Hotels on Market Update - April 23 .2009″

- Related reports

“Hotel occupancy rates in major Japanese cities and hotels - November  2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - November 2009″

“Hotel occupancy rates in major Japanese cities and hotels - October  2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - October 2009″

“Hotel occupancy rates in major Japanese cities and hotels - September  2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - September 2009″

“Hotel occupancy rates in major Japanese cities and hotels - August 2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - August 2009″

“Hotel occupancy rates in major Japanese cities and hotels - July 2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - July 2009″

“Hotel Transaction Record in Japan from 2002 - 2009 (July)”

“Hotel occupancy rates in major Japanese cities and hotels - June 2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate - June 2009″

“Hotel occupancy rates in major Japanese cities and hotels . May 2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate  May 2009″

“Hotel occupancy rates in major Japanese cities. April 2009″

“Asia/Pacific region Hotel ADR / RevPAR /Occ.rate  April 2009″

“Hotel occupancy rates in major Japanese cities. March 2009″

“Hotel occupancy rates in major Japanese cities. Feb 2009″

“Hotel transaction record in Japan”

Asterisk Realty is a first class private Japanese real estate brokerage that markets high net worth Japanese properties to international investors seeking advisory on property development, ownership, investment and occupation.

Superb off-market properties are rarely seen in the open market even during times of financial hardship. However there is a door way into the discrete market where conservative Japanese property owners welcome trusted and accredited “outside buyers”. Asterisk Realty is an exclusive gateway to build trust with foreign investment interest and introduce the best of the best off-market properties.

RisonaMaruha Building:sold at JPY42,000,000,000-(Dec.2009)

Transaction Record in Tokyo until February 2010
( Listed Companies` transactions only )

(Source : Public Release , )

Please click the links below to view Past updates of “Transaction Record in Japan”

Transaction Record in Japan until 2009 (Small size/Under 1,000,000,000-JPY)

Transaction Record in Japan until December 2009

Transaction Record in Japan until October 2009

Transaction Record in Japan until September 2009

Transaction Record in Japan until August 2009

Transaction Record in Japan until July 2009

Transaction Record in Japan until April 2009

Transaction Record in Japan until March 2009

Asterisk Realty is a first class private Japanese real estate brokerage that markets high net worth Japanese properties to international investors seeking advisory on property development, ownership, investment and occupation.

Superb off-market properties are rarely seen in the open market even during times of financial hardship. However there is a door way into the discrete market where conservative Japanese property owners welcome trusted and accredited “outside buyers”. Asterisk Realty is an exclusive gateway to build trust with foreign investment interest and introduce the best of the best off-market properties.

Please contact us for superb investment opportunities in Japan.

Contact :  info@asteriskrealty.jp

Please click the link below to view Selected Commercial Properties on market - February 04 .2010
The following list presents commercial properties currently on market for sale. Please make an inquiry either by phone or email for further details and disclosure.

contact : info@asteriskrealty.jp   /   +81-3-3263-9909

Currency Rates (as of February 04 .2010) :

1 USD = 90.70 JPY , 1 CHF = 85.48 JPY , 1 EUR = 125.65 JPY , 1 GBP = 143.70 JPY , 1 SGD = 64.11 JPY , 1 HKD = 11.67 JPY

Please click the links below to view Past “Selected Commercial Properties Update”

- December 08 .2009  “Selected Commercial Properties Update”

- July 15  .2009  “Selected Commercial Properties Update”

- June 23 .2009  “Selected Commercial Properties Update”

- June 04.2009  “Selected Commercial Properties Update”

- May 21 .2009  “Selected Commercial Properties Update”

- May 14 .2009  “Selected Commercial Properties Update”

Related reports

“Largest transaction in 2009 Japan market, PCP Marunouchi for JPY 140 billion”

“Average NOI of office building in Japan”

“Average Net Cash Flow of office building in Tokyo”

“Average Management cost of office building in Japan”

“Average Maintenance cost of office building in Japan”

“Average Capex of office building in Tokyo”

“Pick-up Major Transaction (commercial)  -G Building Minami Aoyama 01-”

“Official land price 2008 (commercial area)”

“Expected real estate cap rates in Tokyo”

“Real Estate Capital Appreciation Return of Cetntral 5 words of Tokyo”

“Total Return of Cetntral 5 words of Tokyo”

“Real Estate Investment Index of Minato, Shinjuku, and Shibuya wards of Tokyo”

“Real Estate Investment Index of the 5 central wards of Tokyo”

“Japan Property Cycle”

“Historical land price of commercial area in Japan (1970-2008) “

Asterisk Realty is a first class private Japanese real estate brokerage that markets high net worth Japanese properties to international investors seeking advisory on property development, ownership, investment and occupation.

Superb off-market properties are rarely seen in the open market even during times of financial hardship. However there is a door way into the discrete market where conservative Japanese property owners welcome trusted and accredited “outside buyers”. Asterisk Realty is an exclusive gateway to build trust with foreign investment interest and introduce the best of the best off-market properties.

Japan Real Estate Market Summary
In the beginning of 2010, there is urgency with some property holders to
refinance by the Japanese fiscal year end in March. For this reason, buyers
can expect a boost in 2-4% net cap rate in a mostly opportunistic B and C class properties
and a few A class properties.
Opportunities in prime properties held by institutional investors and REITs are rare however
available. (Please inquire for property profiles.)

Sellers that are rushing to refinance often require quick decisions since time
is of the essence. The “rush to refinance” pattern is often seen to begin
towards the end of January, peaking in mid February with due diligence, negotiations
and closing quickly following before March 31st.
Asterisk Realty witnessed a strong example of this in early 2009 when buyers
took advantage of the opportunities that were provided by an increasing number
of distressed property holders.

Office

Market Status
Office properties are becoming more appealing to buyers since there are evidently
less tenants moving around hunting for better lease conditions. Tenancy is becoming
increasingly stable and rents have stabilized from dropping which are signs of
optimistic times to come.
In other news, A-class office buildings acquisition opportunities remain rare and limited
at this time. However we may see a few offers this year that will appeal to mostly core investors.

Market Cap rate (Central Tokyo Only)
*Office buildings in Tokyo 5 wards prime areas,built in about 5yrs, lot size is more than 5 billion JPY, cap rate is about 4.50-5.00%
*Office buildings in Tokyo 5 wards prime areas,built in about 10yrs, lot size is more than 5 billion JPY, cap rate is about 5.00-5.50%
*Smaller size office buildings (lot size : less than 1 billion JPY) : cap rate is 6.50 - 8.00%

Selected Properties

1.Central Tokyo Office Building (Aoyama / Shibuya)
Completed : 2006
No. of floor: 10F + B1F
Building Area : 3,240m2m2
NRA : 2,400m2
Occupancy : 80%
Asking Price : JPY 2,800,000,000-
Net Operating Income / Cap Rate : present NOI : 7.10% / maximum NOI : 8.80%
*seller should sell until end of February

2.Central Tokyo Office Building (Okachimachi / Ueno / Akihabara)
Completed : 1986
NRA: 2,900m2
Occupancy : 100%
Estimated bottom price : JPY 1,400,000,000-
Net Operating Income / Cap Rate : 10.8 % at JPY 1,400,000,000-
*seller should sell until end of March

Residential

Market Status
Residential properties remain the most popular market for investors as
high occupancy rates can be expected in Tokyo. Like office properties,
there is less shifting around of tenants seeking better lease terms which is especially evident in
high grade luxury apartments. Currently, there is a good number of off market A grade, prime location residential properties with stable tenancy.

Market Cap rate(Central Tokyo Only)
*Residential buildings in Tokyo 5 wards + Meguro & Bunkyo wards prime areas,built in about 5yrs, lot size is more than 4 billion JPY, cap rate is about 5.00-5.50%
*Residential buildings in Tokyo 5 wards + Meguro & Bunkyo wards prime areas,built in about 10yrs, lot size is more than 4 billion JPY, cap rate is about 5.50-6.00%
*Residential buildings in Tokyo 5 wards + Meguro & Bunkyo wards prime areas,built in about 10yrs, lot size is less than 1 billion JPY, cap rate is about 6.00 - 7.00%

Selected Properties

1.Central Tokyo + Yokohama Prime Residential Bulk Deal
NO. of properties in a bulk : 13
Completed : 2004-2006
NO. of unit: 10 - 140 units
Average Occupancy : 90%
Location : Prime locations in Tokyo central 5 wards + Yokohama
Asking price: JPY 28,500,000,000-
Net Operating Income / Cap Rate : 5.90%

2.Central Tokyo A-Grade Residential (Roppongi / Akasaka)
Completed : 1986
NO. of unit : 18 (100% occupancy)
NRA: 4,400m2
Asking price: JPY 4,400,000,000-
Net Operating Income / Cap Rate : 5.80%
*Luxury residential / unit size 140 - 250m2

Hotel

Market Status
The downward trend of hotel occupancy rate seems to have found support and is recovering.
Occupancy rate was 80.90% in Tokyo as of November. 2009(latest report)
Hotel market transactions have been fairly slow because of difficulties in debt financing.
Some five star, world class hotels may appeal to buyers who negotiate with sellers that
are willing to compromise selling terms due to financial distress.
There are a couple of great chances to buy world class hotels in Tokyo presently.
In addition to world class hotels, there are also a number of small to medium sized, limited service hotels and ryokans for sale, giving buyers a variety to choose from.

Market Statistics (latest / November. 2009)
*Tokyo Hotel : ADR - USD 255.74-  /  RevPAR - USD 200.58-  /  Occ.rate - 78.40% (HNN),  80.90% (Hotel&Restaurant magazine)
*Japan Hotel : ADR - USD 150.52-  /  RevPAR - USD 110.06-  /  Occ.rate - 73.10%(HNN)
*more details are available at  “Hotel market view”

Selected Properties

1.Brand new limited service hotel in Kyoto
Completed : 2009
Type : Limited service hotel
Access : 1 min to Kyoto station
No. of rooms : 200+
Occupancy :　unknown
Asking price: JPY 7,500,000,000-
*in front of Kyoto station, trophy hotel in Kyoto.
*average occupancy rate was 95.6% in Kyoto as of November. 2009 (latest report)

2.Limited service hotel in Osaka
Completed : 2007
Type : Limited service hotel
Occupancy : 90%
No. of guest rooms : 140+
Asking Price : JPY 5,000,000,000-
*prime location in Osaka.
*average occupancy rate was 79.5% in Osaka as of November. 2009 (latest report)

3.Full service hotels in Tokyo
available upon inquiry.

(We are dealing development sites for luxury resort development such as destination club and etc,, too. please contact us for resort development in Japan.)

Financing / Debt Market

Lenders are primarily focusing on lending towards A-class properties
and properties with a maximum LTV of 50-55% on senior loans.
The interest rate is about LIBOR + 200-300 basis points for A and B class office buildings in Tokyo.

Asterisk Realty is a first class private Japanese real estate brokerage that markets high net worth Japanese properties to international investors seeking advisory on property development, ownership, investment and occupation.

Superb off-market properties are rarely seen in the open market even during times of financial hardship. However there is a door way into the discrete market where conservative Japanese property owners welcome trusted and accredited “outside buyers”. Asterisk Realty is an exclusive gateway to build trust with foreign investment interest and introduce the best of the best off-market properties.

Please contact us for superb investment opportunities in Japan.

Contact : info@asteriskrealty.jp

Please click the link below to view Selected Residential Properties on market- January 20 .2010

The following list presents residential properties currently on market for sale.

Please make an inquiry either by phone or email for further details and disclosure.

Please contact us for more details. (click here to view our sample property report)

contact : info@asteriskrealty.jp

Tel : +81-3-3263-9909

*Sample Images*

*To find Condomoniums for sale in Japan , please visit at http://www.fudosanmarket.com

- Currency Rates (as of  January 20 .2010) :

1 USD = 90.90 JPY , 1 CHF = 87.48 JPY , 1 EUR = 129.05 JPY , 1 GBP = 147.92 JPY , 1 SGD = 65.09 JPY , 1 HKD =11.70JPY

- past  “Selected Residential Properties Update”

- Nov 28. 2009   “Selected Residential Properties Update”

- Oct 24. 2009   “Selected Residential Properties Update”

- Sep 24. 2009   “Selected Residential Properties Update”

- Aug 31 .2009   “Selected Residential Properties Update”

- Aug 10 .2009   “Selected Residential Properties Update”

- July 28 .2009  “Selected Residential Properties Update”

- July 06 .2009  “Selected Residential Properties Update”

- June 15 .2009  “Selected Residential Properties Update”

- June 05 .2009  “Selected Residential Properties Update”

- May 21 .2009  “Selected Residential Properties Update”

- May 13 .2009  “Selected Residential Properties Update”

- April 22 .2009  “Selected Residential Properties Update”

- Related reports

“Domestic individual investors survey -it is time to buy real estate in japan-”

“Market rent of residential property in Tokyo”

“Pick-up Major Transaction (residential) -Lietcourt Arx Tower-”

“Expected real estate cap rates in Tokyo”

“Residential area land price 2008″

“Japan Property Cycle”

“Historical land price of residential area in Japan (1970-2008)”

“Average NOI of residential building in Japan”

“Average Net Cash Flow of residential building in Japan”

“Average Management cost of residential building in Japan”

“Average Maintenance cost of residential building in Japan”

“Average Capex of residential building in Japan”

Asterisk Realty is a first class private Japanese real estate brokerage that markets high net worth Japanese properties to international investors seeking advisory on property development, ownership, investment and occupation.

Superb off-market properties are rarely seen in the open market even during times of financial hardship. However there is a door way into the discrete market where conservative Japanese property owners welcome trusted and accredited “outside buyers”. Asterisk Realty is an exclusive gateway to build trust with foreign investment interest and introduce the best of the best off-market properties.