Juwai IQI spreads wings to Japan with offices in major cities

• "We want to be the intermediary for Japanese and international buyers going either into or out of the country.”

KUALA LUMPUR (May 23): Juwai IQI has expanded its reach to Japan with the launch of IQI Japan in Tokyo, Osaka and Hokkaido today.

The new offices have been formed in partnership with local real estate agency SVA Inc and its founder Kazuaki Nebu, who has over 20 years of experience in the real estate industry, Juwai IQI said in a press release today.

“The new IQI Japan will bring to the country’s top markets all the power of Juwai IQI, including its network of more than 30,000 global agents, its property marketing portals and its unparalleled proptech platform, Atlas,” the company stated.

"The launch of IQI Japan is a strategic move that enables us to work with local Japanese buyers and developers and also international buyers. We want to be the intermediary for Japanese and international buyers going either into or out of the country,” Juwai IQI co-founder and group CEO Kashif Ansari said in the statement.

“There is no restriction or special taxes on foreigners buying real estate (in Japan). And the exchange rates make property relatively affordable compared to other developed Asia Pacific markets,” he added.

"We already direct many international buyer leads to agents and developers in Japan. The launch of the IQI Japan office allows us to offer more services to those buyers. The international buyers we work with are looking for second homes, rental properties, and student housing for their children,” said Juwai IQI co-founder and group managing director Daniel Ho in the same statement.

"There is a good opportunity for international buyers in 2023 because the possibility of higher interest rates has increased supply. Buyers don’t have to worry about getting into bidding wars. Given the exchange rate, foreign buyers now enjoy a great deal of purchasing power,” said SVA Inc president and IQI Japan’s new country head Nebu.

Juwai IQI also signed a partnership with EdgeProp in August last year, which allows a seamless integration between IQI’s Atlas with EdgeProp’s marketing and branding solution, empowering agents every step of the way from the first call to final signature.