Japanese investors

Chapter 598 Miyamoto Property
  Three days later, Miyamoto Kentaro and Uchida Rio made an appointment to meet at the entrance and exit of Ikebukuro Station in Toshima Ward. At that time, he will personally take her to the new workplace.

That is a subsidiary of Miyamoto Construction. Its main business scope and operation content is property management.

In addition to Ikebukuro in Toshima District, there are related property outlets in Kichijoji in Musashino City, Futakotamagawa in Setagaya District, Daikanyama in Shibuya District, etc.

Rio Uchida, who quit her job at a convenience store, came to the entrance and exit of Ikebukuro Station early to wait for Kentaro Miyamoto. Although she had a mobile phone in her hand, she was not playing with it.

I thought that the environment here was relatively noisy, and I was afraid that I might not hear the ringing of my cell phone and thus miss the call from Kentaro Miyamoto.

Uchida Rio knew that this was definitely a good opportunity in his life. If you really miss it, I'm afraid you won't see it again in the future.

She told her family about this matter in advance, and the whole family supported her in quitting her job at the convenience store. Although the income will not be very good at the beginning, it is similar to the income from a convenience store, but the nature is completely different.

Japanese people have very clear boundaries when it comes to work. For jobs like convenience stores, unless you are a formal member (often only the store manager), you are not considered a formal job.

Other than that, they are all hourly wages or part-time jobs. As long as you are employed informally, your company will not purchase welfare pensions, medical insurance, unemployment insurance, etc.

In particular, the importance of the welfare pension to an ordinary person is self-evident. Nine times out of ten, the poverty rate among Japanese retirees will only occur among those who do not have welfare pensions.

Retirees who live solely on the National Pension can only get [-] to [-] yen per month if they continue to pay for it for [-] years from the age of [-] to [-].

How can such a small amount of money be enough for personal life? Many Japanese silver-haired people are still working, that is, they have retired. One of the main reasons why they have to continue working is because of this.

But for retired people with welfare pensions, the situation is completely different. Even if you just retire from a small and micro enterprise, you can get a monthly pension of more than [-] yen.

As long as the individual does not have any bad habits or expensive hobbies, it is completely sufficient for one's basic monthly living expenses.

As for retirees from large companies, their monthly pensions are even larger. Their monthly pension is about [-] yen, which is the most common situation.

Uchida Rio's family originally had no expectations for this daughter. If I have to say what I am looking forward to, it is to see her get married.

The life path that Uchida took for reasons is also the life path of most children from ordinary families. Since studying is not enough, then the only choice is to enter society early and make a living on your own.

This is, at best, finishing high school in school. Children from poor families may start their working career before graduating from junior high school or even junior high school.

In the past, when Japanese citizens generally had a low level of education or the economy was good, these people might still have the opportunity to become regular workers.

Nowadays, it has become increasingly difficult. This almost guarantees that you will never be formally employed in your life. Not only them, but also more and more college graduates cannot get a chance to be formally employed by a company. People who are informally employed can tolerate low income and poor welfare benefits. The most unbearable thing for them is that the job stability is poor and they may be fired at any time.

Some people have changed dozens of jobs in just one year. Twelve months a year, on average, it’s not surprising at all to change at least two, three, or even three to five jobs in one month.

Once Rio Uchida becomes a full member, he will not only enjoy all the benefits and treatment that a formal member should have, but he will also receive two half-year bonuses a year. After all, one half-year bonus is N months' basic salary.

Miyamoto Construction's reputation as Japan's largest construction company has long been well-known among Japanese people. Needless to say, the benefits are good. Stability and long-term employment are what ordinary Japanese people value more now.

Even if it's just a subsidiary of Miyamoto Construction, not everyone can get in. Miyamoto Property Management Company is definitely not a so-called third-party real estate sales agency.

In Japan, construction companies, especially large-scale construction companies, have long since gotten rid of the one-shot buying and selling model of the past. In other words, develop a place, sell houses, shops, etc., and that's it.

Then change a place and continue to operate and operate as before, develop, sell, buy land, develop, sell...

Today's Japanese construction companies will adopt a sales and leasing model for prosperous business circles, central business districts, prime locations, etc.

In addition to rent, the leased shops will also charge a management fee just like the shops for sale. In the same way, the mid-to-high-end communities developed here will also adopt a similar approach.

The advantage is that there will be a steady stream of income in the next few decades, or even longer, and these incomes can also increase with the appreciation of land prices, housing prices, inflation and other reasons.

Even the second development in the future will be much more convenient. This does not require spending a lot of time and energy talking about it from family to family. Who allowed land in Japan not only to be completely private, but also to limit the number of years of ownership?

There are also disadvantages, that is, it takes a long time to withdraw funds. This places high demands on the financial pressure and risk resistance capabilities of construction companies.

Japan's commercial development and commercial housing sales are already very mature. Buyers don’t need to worry too much about buying a unfinished building and having to pay off the loan for decades.

According to Japan's "Residential Land and Building Procurement Law", in order to protect the rights and interests of the buyer and prevent the seller from suddenly going bankrupt after receiving the full payment in advance, it is strictly prohibited to collect the full payment at once during the transaction. Violators will regard the transaction as invalid and can cancel the contract.

Japanese law stipulates that developers cannot collect a deposit of more than 5% or more than 1000 million yen before handing over the property. For any excess collected, the developer will take preservation measures through the Real Estate Credit Guarantee Corporation in accordance with the law.

If the developer is unable to deliver the house on time or even fails to deliver the house, the home buyer can request payment from the financial institution, guarantee agency, or insurance company with the relevant guarantee insurance letter.

At the same time, according to Japan's current laws on pre-sale transactions of commercial housing, developers also need to pay liquidated damages to home buyers, which amounts to about 10% of the house price.

(End of this chapter)