#Eecon7 Luxury rental apartments are increasing in Fukuoka City
~There are rent prices exceeding 1 million yen. ~
In the center of Fukuoka City, high-end rental housing with monthly rents in the hundreds of thousands of yen is on the rise. Targeting high-income corporate executives and wealthy individuals, properties that exceed 1 million yen per month have also emerged. While the entry of developers stands out against the backdrop of urban growth, there are some areas where even completed projects struggle to achieve full occupancy. Will the market continue to expand? Industry interest in future trends is increasing.
In Fukuoka, the development of condominiums targeting the wealthy has been progressing, but the increase in rental properties has been observed only in the past few years. Many of the tenants are executives from major companies assigned to Fukuoka or business owners. Some use it as a second home. With strong corporate performance and other factors, it is believed that there is a certain number of individuals who can afford to pay high rents.
I have no connection to luxury housing, but I thought it was an interesting news piece in understanding the economy. As someone who lives alone and rents an apartment, I feel that luxury housing is an unattainable concept.
I think that properties that exceed 1 milion yen per month have so emerged is overpriced.
返信削除I think there are only a limited number of people who can afford such high rents, so I am looking forward to seeing what happens next.
返信削除Most of people in Japan hope that price will be decrease now so I am worried about whether this movement will work.
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