According to Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) secondhand apartment in greater Tokyo in April was 27,700,000 Yen (272,000 USD), down 0.4% from last month and down 4.3% from April 2012.
In Tokyo, the average asking price was 36,290,000 Yen (357,000 USD), up 0.1% from last month but down [...]
Mitsubishi Jisho Residence will begin sales of apartments in The Parkhouse Hiroo Hanezawa.
Readers may remember that these apartments are being built on the site of the former Hanezawa Garden – home of the former Yoshikoto Nakamura (1867 – 1927). Mr. Nakamura was a former Mayor of Tokyo, Railroad Minister and second Chairman of the [...]
According to the latest data from the Real Estate Economic Institute’s report on the high-rise apartment market, there are over 96,500 apartments in buildings over 20 stories tall either under construction or in the planning stages across Japan.
273 high-rise residential buildings are expected to be completed from 2013 onwards, with a total [...]
According to REINS, the average sale price of a second-hand apartment in greater Tokyo in April was 25,560,000 Yen, up 1.4% from April 2012, but down 1.5% from last month. The average price per square meter was 393,600 Yen, up 2.5% from last year but down 0.9% from last month.
Chiba saw the biggest change [...]
Kitsch store and burger joint Village Vanguard has launched a real estate portal to feature the quirky and offbeat apartments that you might not normally see in the window of a typical agency.
Visitors to the site (http://vv-realestate.com) can search for rental apartments, homes, shops, carparks or offices and can narrow down [...]
A former Yakuza leader was arrested by police after allegedly squatting in an apartment in Tokyo’s Itabashi-ku for 14 months. In early 2012, the 36-year old suspect had asked a real estate agency to view the apartment, which was advertised for rent, and was given a key to inspect it himself. He never returned the [...]
Foreign buyers are reportedly joining the apartment buying frenzy in Japan. The recent weakening of the Yen by up to 20% means an offshore buyer can now save as much as 20 million Yen when buying a 100 million Yen apartment (assuming they were initially planning to buy last year but put it off until [...]
According to the latest data released by Tokyo Kantei, the average list price of a second-hand apartment in Sendai City in the first quarter of 2013 is 35.5% higher than in early 2011.
Prior to the Tohoku disaster, average apartment prices had dropped to 565,000 Yen per Tsubo* (171,200 Yen/sqm). Following the disaster, prices have [...]
According to Miki Shoji’s Office Report for April, 2013, vacancy rates improve but rents continue to fall. The office vacancy rate in Tokyo’s central business districts (Chiyoda, Chuo, Minato, Shinjuku and Shibuya) dropped by 0.02 points to 8.54%. This is the second month of decline. The vacancy rate in brand new buildings was 17.31%, down 5.93 [...]
While the 84-year old Uenoshita Apartments in Tokyo’s Taito-ku may have miraculously survived the Great Tokyo Air Raid in 1945, it is not immune from re-development as the wrecking ball is set to swing on the apartment building next month.
The 4-storey ‘dojunkai’ collective housing block was built in 1929 in response to a [...]