字幕列表 影片播放 列印英文字幕 Investing in Kyoto real estate is not just property itself. You actually have the privilege to own a piece of history. My name is Yong Chye. I did Economics at Osaka University. Four of us started this serviced accommodation business in the heart of Kyoto, consisting of restored Kyoto townhouses or machiya. The first two buildings that we invested in are over 100 years old. They have seen many people. They have had the experience of many people living in them. Kyoto was one of the places in Japan that was spared the bombings in WWII. Many parts of Kyoto are very well-preserved. This is the heritage that we have a privilege of being a part of as owners of real estate in Kyoto. This is the part that really appealed to me. If we want to do something, we have to do it well. I suppose it wouldn't be a stretch to say that the Japanese craftsmen that we worked with brought this to the extreme in seeking that perfection. Previous renovations and refurbishments were done probably in the 70s or 80s. They actually drilled away the timber beam to create a space for the gas pipe to go through. Then we said, okay. We need to do something about that. The craftsmen actually not only carved out a piece of wood for the entire length of that beam that could fit in just like a Jenga block. They actually sanded it down and varnished the entire beam such that it looked like one perfect beam. To top it all off, it's actually hidden by a false wall today. Japan has an onerous taxation system. There are many instances where the beneficiaries would have to end up demolishing old buildings because they had to raise funds to pay the inheritance taxes. We thought that it would be meaningful for us as students of Japan to pitch in with our own resources to play a part in preserving this heritage not just for Japan, but for the rest of the world to continue to come to appreciate and enjoy. Given that foreign travel is non-existent, we've also worked hard to pivot towards other sources of demands. That took the shape of focusing on a monthly leasing model. Hopefully in the second half of the year, when vaccination programs are ramped up further and gain tractions, there'll be more confidence as well as natural flows from both domestic and foreign tourists. Hopefully then, we will finally see light at the end of the tunnel.