Japan.  On one hand a nation known for cutting edge technology and on the other, a country that adheres to archaic norms that have long been lost to the economic history textbooks of other G7 nations.  Paper based contracts that are physically stamped, banks that close at 3 in the afternoon and the stubborn persistence of the fax machine are examples of this “other hand”.

The real estate industry has not been spared these archaic norms.  All three of the mentioned examples exist in 2022 across all real estate offices throughout the land.  

To experienced overseas property buyers but first timers in Japan, their comparative experience here has often been met with bemusement as they are ushered through the endless reams of ink, paperwork, stamp duty that is still an actual stamp purchased at the post office and hand-filled bank transfer slips found at every contract and settlement. 

Their agents, in preparation, have created the sale by fielding faxed viewing requests as well as Excel or PDF drafted contracts sent as email attachments.  Counterparty feedback is often delivered by printing out the attachment and marking the changes in red ink, subsequently re-scanned and sent back to the author.

It is within this backdrop that WealthPark sits; one of Japan’s rare proptech firms of international standing that acts as the bridge between Japan’s real estate industry and the more advanced, transparent and efficient peers in the G7 community.

Since 2018, WealthPark has hosted WealthPark NYC, an additional event sanctioned onto the schedule of the NYC Real Estate Week event powered by MetaProp, a  global leader in venture investment in real estate tech companies; an event that creates opportunity for those in the globally fragmented PropTech community to come together and network, learn about the latest global trends and developments across real estate segments and markets.

“WealthPark NYC invites Japanese participation in a global marketplace that otherwise wouldn’t be easily accessible.” says Elaine Tung, Marketing Manager for WealthPark.  “Japanese real estate companies are interested in the global presence in many ways but often find it hard to know where to begin.  This event is our way of connecting the global players to curate cross-border business opportunities. We’d love to see more collaborations between Japanese real estate companies and PropTech innovators from around the world.”

WealthPark NYC 2018 Recap Promotional Video

Not only hosting the event, WealthPark is offering a package tour for the entire week of November 7th to the 12th, a one stop shop for those interested in making the trip from Japan to New York. Tickets for those who want to join in town are also available.

For those wishing to know more and apply, please enquire by clicking here.