The latter does currently benefit the investor / rich people class, which apparently includes many of our lawmakers. 
Guy
1 Like
For sure. Btw that friend was on the waiting list for a house for 10 yrs.
So thats what you are looking at if you want one of those.
And apparently Tsai ying wen planned to open 200,000 new public housing properties in her 8 years but only managed 60,000… forgot where i read that though so it might be bs.
So yea, its pretty obvious that they are not all in on the public housing, which is such a shame. Its such an obvious positive. Yay corrupt rich overlords.
The main problem with japan is high taxation, especially inheritance tax. If you’re ok with that (or can deal some way with it) then there’s no reason not to go.
The legal system is something that would make me uncomfortable as well. Especially the fact that you can be held without access to family / lawyer for a very long time which just doesn’t seem right to me.
1 Like
Cheap at the moment
20,000USD
A Traditional Japanese House Available for 3.2 Million Yen ($20,000 USD)
Property Overview:
-
Built in 1876 (148 years old)
-
Located in Oouchiyama, Taiki Town, Watarai District, Mie Prefecture
-
124m² (1,350 sq ft) of living space
-
440m² (4,750 sq ft) of land
-
6DK layout (6 rooms plus dining-kitchen)
-
Single-story wooden structure
-
Bathroom and toilet renovated in August 2022
-
Spacious garden (over 33 tsubo or 109 m²)
-
12-minute walk from Oouchiyama Station on the Kisei Main Line
3 Likes
A fraction of the rental cost around Taipei for only one year!
What taxes etc come on top of a house purchase in Japan? And what ongoing land/property taxes, community charges etc.?
1 Like
According to the property tax receipt for the house I live in, which I’m sure sells for about 10 million, is about 3000nt a year.
1 Like
Property tax in Japan ranges from 0.3% to as high as 4% of the appraised value of the home / land depending on location. The average is about 1.3%.
There is an up front tax called acquisition property tax, this tax is imposed when a property is officially purchased. It is about 3% of the purchase price.
Then there is registration tax, this tax is for transferring or changing property ownership when registering the land or building. This registration and license tax broadly applies to property ownership registration and is imposed when registering or transferring the property.
Both the buyer and seller pay the stamp.
The amount is based on the assessed property value or mortgage amount. The fee is about 2% of the assessed property value for both the land and the building.
Finally, there is Stamp duty. Which is a tax on property transactions in Japan.
Both the buyer and the seller pay the stamp duty based on the market value of the property or the amount in the contract, which is part of formalizing the property transaction.
The amount will vary depending on the transaction value. Typically, the stamp duty will cost:
- Up to 10,000 JPY for a property valued between 10 million to 50 million JPY
- Up to 60,000 JPY for a property valued between 100 million to 500 million JPY
The payment is required when finalizing the contract.
So…in a nut shell…
Lets say you bought a home in Japan for 2 million NTD. Your upfront taxes on the purchase would be about 86,000 NTD.
Your yearly property tax would be about 40,000 NTD if you lived in a 2% property tax region of Japan.
Not too bad.
6 Likes
How are appraised value calculated in Japan?
In Taiwan, seemingly overpriced properties have really low property tax of a few thousand nt a year because it seems their appraised value is a lot lower than market value.
Guys, I need help.
I am looking for a new apartment right now and many of the apartments (see image below) have those brown/dark spots at the ceiling.
Are those already moldy spots or something specific to taiwan and relatively harmless? If so, how would they be removed?
That is water damage, a leak from the exterior wall or ceiling. Very problematic to fix in the mind of most Taiwanese. So they won’t. Avoid
8 Likes
If the landlord is willing to fix it, the ceiling has to be opened or checked from the floor above (which will include another tenant, which probably makes it more conplicated?)
The building is only around 10 years old, how can it happen?
Lots of water and humidity. I would not rent anything like that and I would not trust landlords saying they will fix it. If they have not fix it before trying to rent the apartment, they won’t fix it later.
4 Likes
And even if they “fix” it, the “fix” will consist of someone simply painting over those spots.
6 Likes
Is there a balcony above?
We had an issue like this in a previous place due to a person a few floors above having a balcony full of plants, turning on a watering system and going out to work for the day. Damage to 3 floors is total.
1 Like
There seems to be an upstairs neighbour (no balcony). But they already kinda (lol) fixed it before. I will be there tomorrow and ask them. Luckily they lived in the US and speak english.
What are the regulations/laws about this? Is this something that needs to be fixed by the landlord (theoretically)?
If there is no visible problem right now, because they fixed it (temporarily or permanently) and the problem comes back 1-2 months after renting and nothing is stated about it in the contract, could I insist on it being fixed by the landlord?
1 Like
You could insist and the landlord will “get around to it”
Simple solution. Just don’t rent a leaky apartment in the first place.
I don’t know about the renting regs sorry.
The place we had this issue we bought and it had been resolved by the previous owner before we redecorated the place.
If you can determine the exact cause and the landlord is going to fix it before you move in, then maybe ok. Otherwise I’d avoid.
If the landlord is good will fix it and if the landlord is bad won’t and you will have to move out.
1 Like
What does that mean? They actually found the source of the leak? If so then it’s just residual moisture, you have to wait a month or two for it to dry out then repaint.
Yes, theoretically it’s on them
Still on them. You are only on the hook for damages you do an doesn’t fall under normal wear and tear.