GCC Japan
More than 70% of managers with overseas real estate investment experience are interested in real estate investment in “Southeast Asia” Approximately 80% of them support the “Cambodia market” “Can be invested in US dollars”, “Capital gains can be expected”, etc. ~ What points did you focus on when investing in overseas real estate? ~
GCC Japan Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director: Yang Huang, hereinafter referred to as GCC Japan) is targeting 107 managers and executives with over 50 million assets and experience in overseas real estate investment. We would like to inform you that we have conducted an investment awareness survey.
Survey summary
[Image 1: https://prtimes.jp/i/85163/4/resize/d85163-4-b9c930866a742cb49723-0.jpg&s3=85163-4-5fe761026227342f6c46484c41b1103c-1920×1080.jpg] Survey outline
Survey overview: Awareness survey on overseas real estate investment Survey method: Internet survey planned by IDEATECH’s research PR “Resapie (R) ︎” Survey period: June 2, 2023 to June 5, 2023
Valid responses: 107 managers/executives with total assets of 50 million or more and experience in overseas real estate investment *Composition ratios are rounded off to the second decimal place, so the total does not necessarily add up to 100.
≪Terms of Use≫
1 Please specify the name of “GCC Japan Co., Ltd.” as the source of the information.
2 When using on a website, please set up the link below as the source. URL: http://cm2h.gccjapan.co.jp/
When investing in overseas real estate, the most important point in choosing an investment destination, “yield”, was the most popular at 50.5%.
When asked “Q1. Please tell us the points you emphasized when choosing an investment destination when you invest in overseas real estate.” Price increase rate (capital gain)” was 16.8%.
[Image 2: https://prtimes.jp/i/85163/4/resize/d85163-4-70e4c4d7a078489087d8-1.jpg&s3=85163-4-dcfe2c24c648b3f41d9ba6fe2e3619d1-1200×800.jpg] Q1.When you invest in overseas real estate, please tell us the points you emphasized when choosing an investment destination.
・ Yield (income gain): 50.5%
・ Real estate price increase rate (capital gain): 16.8%
・Foreign exchange rate: 6.5%
・GDP growth rate: 4.7%
・Population growth rate: 4.7%
・Country risk: 10.3%
・Inflation rate: 1.9%
・Other: 0.9%
・I don’t know/can’t answer: 3.7%
74.8% answered that they are still investing in overseas real estate When asked, “Q2. Are you still investing in overseas real estate?” Answered.
[Image 3: https://prtimes.jp/i/85163/4/resize/d85163-4-14f24c97d139883d1985-2.jpg&s3=85163-4-e3e631678b9b0c7e6b6db5d52c31914a-1200×800.jpg] Q2.Are you still investing in overseas real estate?
・ Still doing it now: 74.8%
・ Not currently: 24.3%
・Don’t know/can’t answer: 0.9%
30.8% of respondents stopped investing in overseas real estate because it took too much time to manage the property
For those who answered “not currently” in Q2, we asked “Q3. Why did you stop investing in overseas real estate? (multiple answers)” (n=26) 30.8% answered that it was troublesome to manage, 26.9% answered that they could not expect a yield (income gain), and 26.9% answered that they started investing in a different way.
[Image 4: https://prtimes.jp/i/85163/4/resize/d85163-4-3349af6959633587062b-3.jpg&s3=85163-4-6f3b072fe15256d4eb65e6ecb4991e1c-1200×800.jpg] Q3. Please tell us the reason why you stopped investing in overseas real estate. (multiple answers)
・Because it took time to manage the property: 30.8%
・ Because the yield (income gain) can no longer be expected: 26.9% ・Because I started investing in a different way: 26.9%
・ Because I took political and economic risks: 19.2%
・ Because I could not earn stable income gain: 19.2%
・Because I took risks in foreign exchange: 15.4%
・Because the tax saving effect has weakened due to tax reform: 11.5% ・Other: 3.8%
・I don’t know/can’t answer: 3.8%
Reasons such as “complicated procedures and taxes” and “bankruptcy of the management company”
For those who answered anything other than “I don’t know/can’t answer” in Q3, “If there is any reason for you to stop investing in overseas real estate other than what you answered in Q4.Q3, please tell us freely. (Free answer)” ( n=25), we were able to obtain 15 answers, such as “complicated procedures and taxes” and “bankruptcy of the management company.”
-Free answer/partial excerpt-
・47 years old: Real estate investment is unattractive.
・ 65 years old: When the top of the country changes, the law will change, and it will be a loss.
・ 51 years old: Complicated procedures and taxes.
・62 years old: Risk avoidance.
・45 years old: In addition to income and capital, I had to consider exchange rate fluctuations, so I switched to domestic investment. ・61 years old: I am using the property I purchased for investment. ・61 years old: The management company went bankrupt.
More than 70% are interested in “real estate investment in Southeast Asia” “Q5.Are you interested in real estate investment in Southeast Asia, which is relatively close to Japan and where rental demand is expected as the population is on the rise?” 43.0% answered that there is, and 29.9% answered that they were “somewhat interested.”
[Image 5: https://prtimes.jp/i/85163/4/resize/d85163-4-16d70026928760c5dd32-4.jpg&s3=85163-4-692219a940f1413e36437fa30209d68c-1200×800.jpg] Q5.Are you interested in real estate investment in Southeast Asia, which is relatively close to Japan and where rental demand is expected due to the increasing population?
・Very interested: 43.0%
・ Somewhat interested: 29.9%
・ Not very interested: 17.8%
・ Not interested at all: 6.5%
・I don’t know/can’t answer: 2.8%
Reasons for feeling interested in real estate investment in Southeast Asia, such as “High expectations for high yields and price increases” and “High asset diversification effect”
For those who answered “very interested” or “somewhat interested” in Q5, “Q6. Please tell us why you are interested in real estate investment in Southeast Asia. (multiple answers)” (n= 78), 59.0% answered “because there are high expectations for high yields and price increases,” 46.2% answered “because the asset diversification effect is high,” and 44.9% answered “because it is easy to aim for capital gains.” .
[Image 6: https://prtimes.jp/i/85163/4/resize/d85163-4-a2c299248ef7e83505c6-5.jpg&s3=85163-4-0b262c6cc01eb7d8a86aa4dcde9b803b-1200×800.jpg] Q6. Please tell us why you are interested in real estate investment in Southeast Asia. (multiple answers)
・ Because expectations for high yields and price increases are high: 59.0% ・Because the asset diversification effect is high: 46.2%
・ Because it is easy to aim for capital gains: 44.9%
・Long-term growth can be expected: 35.9%
・Because land and property prices are cheaper than in Japan, Europe and the United States: 33.3%
・There are rich natural and cultural assets, and the tourism industry is thriving: 17.9%
・Other: 0.0%
・Don’t know/can’t answer: 0.0%
Reasons such as “asset value does not decline unlike Japan” and “as part of diversified investment”
For those who answered anything other than “I don’t know/can’t answer” in Q6, I asked them, “If there is any reason why you are interested in real estate investment in Southeast Asia other than what you answered in Q7.Q6, please tell us freely. ( Free answer)” (n=78), we were able to obtain 56 answers, such as “Asset value does not decline unlike Japan” and “As part of diversified investment”.
-Free answer/partial excerpt-
・44 years old: Developing and securing human resources.
· 59 years old: No property tax.Unlike Japan, property values do not decline. ・51 years old: Because a Japanese company was involved.
・44 years old: Few rivals.
・57 years old: Suitable for speculation such as resale.
・61 years old: Because there is a property in a good location. ・46 years old: As part of diversified investment.
About 80% are interested in “real estate investment in Cambodia” For those who answered “very interested” or “somewhat interested” in Q5, we asked “Q8. 41.0% answered that they strongly agree, and 35.9% answered that they somewhat agree.
[Image 7: https://prtimes.jp/i/85163/4/resize/d85163-4-39eee1d715b7cfa87191-6.jpg&s3=85163-4-ea5ea7f61eb7456f433d0bcda69ea985-1200×800.jpg] Q8.Are you interested in real estate investment in Cambodia? ・I strongly agree: 41.0%
・Slightly agree: 35.9%
・ I don’t think so: 15.4%
・ I don’t think so at all: 7.7%
・Don’t know/can’t answer: 0.0%
Reasons for feeling interested in real estate investment in Cambodia, such as “Land and properties are relatively cheap” and “Because exchange rate risk is low”
For those who answered “strongly agree” or “somewhat agree” in Q8, “Q9. Please tell us why you are interested in real estate investment in Cambodia. (multiple answers)” (n=60) 46.7% answered “Because the land and property prices are relatively cheap”, 45.0% answered “Because the US dollar is in circulation and there is little exchange risk”, and 45.0% answered “Because the investment can be made in US dollars”. The answer was %.
[Image 8: https://prtimes.jp/i/85163/4/resize/d85163-4-6277cdef21e2f34ea449-7.jpg&s3=85163-4-1abdd1c1f5e39ea1a235a133494cd63d-1200×800.jpg] Q9. Please tell us why you are interested in real estate investment in Cambodia. (multiple answers)
・ Land and property prices are relatively cheap: 46.7%
・Because the US dollar is in circulation and exchange rate risk is low: 45.0% ・Because you can invest in US dollars: 45.0%
・Further economic growth can be expected in the future: 40.0% ・ Because it is easy to aim for capital gains: 38.3%
・ Land prices are soaring: 33.3%
・ High GDP growth rate: 26.7%
・ Because it is possible to open a bank account for non-residents: 26.7% ・Overseas remittance is relatively easy: 21.7%
・Because population growth is progressing: 18.3%
・Other: 0.0%
・I don’t know/can’t answer: 1.7%
There are also reasons such as “because it’s trendy” and “you can buy it cheaply”
For those who answered anything other than “I don’t know/can’t answer” in Q9, I asked them, “If there is any reason why you are interested in investing in real estate in Cambodia other than what you answered in Q10.Q9, please tell us freely. ( Free answer)” (n = 41), we were able to get 41 answers such as “Because it is trendy” and “You can buy it cheaply”.
-Free answer/partial excerpt-
・50 years old: Because it’s fashionable now.
・ 55 years old: Culture, national character, atmosphere.
・45 years old: You can still buy it cheaply.
summary
This time, we conducted an awareness survey on overseas real estate investment targeting 107 managers and executives with total assets of 50 million or more and experience in overseas real estate investment. First, when asked about the points they considered important when choosing an investment destination when investing in overseas real estate, “yield” was the most common at 50.5%, and it was found that 74.8% are still investing in overseas real estate. On the other hand, when we asked respondents who are not currently investing in overseas real estate about their reasons for quitting overseas real estate investment, 30.8% of respondents answered that “property management took a lot of time and effort”. (Income gain) can no longer be expected” and “Because I started investing in a different way”. Next, with regard to real estate investment in Southeast Asia, more than 70% showed interest, and among them, it was found that about 80% were interested in “real estate investment in Cambodia”. Reasons why people are interested in investing in real estate in Cambodia include “land and property prices are relatively cheap”, “the US dollar is circulated and there is little exchange risk”, and “the investment can be made in US dollars”. from” was obtained.
In this survey, managers who invest in overseas real estate place the most importance on “yield” when making investment decisions, and they show a high level of interest in investing overseas, especially in Southeast Asia and Cambodia. I understand Regarding the management of overseas real estate, many people are working on it for a long time, so why not actively collect information about the Cambodian market, which is growing in the medium to long term?
Information on Asset Management EXPO
[Image 9: https://prtimes.jp/i/85163/4/resize/d85163-4-2cced2f0489df60a5fd0-9.png&s3=85163-4-e9f63c9e748529fa67626aed8dbd3c16-1049×120.png] GCC Japan will be exhibiting at Asset Management EXPO [Summer] to be held at Tokyo Big Sight from July 7th (Friday) to 9th (Sunday), 2023. We would like to introduce the WYNDHAM Hotel Group’s highest grade [WYNDHAM CEO RESIDENCE], which will be built in [7 Makar District] in the center of Phnom Penh, the capital of Cambodia.
In addition, information on luxury tower apartments! The hotel comes with a yield guarantee and a purchase guarantee, and we also support opening an account with a major commercial bank in Cambodia [ACLEDA Bank].
For those who don’t know about Cambodia at all, I will tell you from the outline of Cambodia’s charm.
Please feel free to stop by our booth.
【overview】
Name Asset Management Expo [Summer]
Date: July 7th (Friday) to 9th (Sunday), 2023 10:00 – 18:00 (17:00 on the last day only)
Venue Tokyo Big Sight West Halls 1 and 2
Booth No.2-83
URL: https://www.am-expo.jp/tokyo-2/ja-jp.html
About GCC Japan
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GCC Japan is the Japanese branch of Golden Cambodia Century (GCC), a Hong Kong-based comprehensive company based in Cambodia. We are developing various businesses such as finance, information technology, medical, retail, etc., mainly in the real estate business in Cambodia. In addition, the GCC Group has acquired the sole exclusive sales rights for the new golden visa program “CM2H” (Cambodia My 2nd Home) launched by the Cambodian Ministry of Interior on July 22, 2022. As the Japan Desk of “CM2H”, GCC Japan provides consulting services for expanding into Cambodia and special services for members who have acquired membership in the “CM2H” program, based on their specialized knowledge and extensive experience, and immigration to Cambodia.・We provide support for smooth investment and company establishment. Making the most of our base network in Cambodia, Hong Kong, China, and Japan, we support Japanese customers with a wide range of functions such as buying and selling Cambodian real estate, utilization, and business expansion support.
About “CM2H”: http://cm2h.gccjapan.co.jp/
Company name: GCC Japan Co., Ltd.
Established: May 28, 2021
Representative Director: Yang Huang
Location: 8F Gaien Building, 2-23-8 Minami-Aoyama, Minato-ku, Tokyo 107-0062 Business description: Introduction and sales agency of Cambodian real estate Support for on-site inspection of Cambodian real estate properties Marketing, planning, information provision and promotion activities related to real estate
Consulting for business expansion into Cambodia
URL: http://www.gcc-japan.co.jp
Details about this release:
https://prtimes.jp/main/html/rd/p/000000004.000085163.html
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