Placeholder Image

Subtitles section Play video

  • 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.

Investing in Kyoto real estate is not just property itself.

Subtitles and vocabulary

Operation of videos Adjust the video here to display the subtitles

B1 US kyoto beam heritage real estate privilege estate

The Singaporean Who Saved Kyoto Traditional Townhouses / 消えゆく京町家を守るシンガポール人 【Akadot TV】

  • 572 24
    nao posted on 2021/06/16
Video vocabulary