Author Archive

Central Tokyo’s population to increase by 40% over next 20+ years

Central Tokyo’s population to increase by 40% over next 20+ years

According to the Tokyo Metropolitan Government, the resident population in Tokyo’s central three wards of Minato, Chiyoda and Chuo are expected to increase by 43% over the next 23 years as wealthy families and older retirees return to the city center. The population of the three wards is forecast to increase from its current level…

New condo starts down 35% in February

New condo starts down 35% in February

According to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), housing starts across Japan in February were down 2.6% from the previous year to 70,912 units. This is the first time in 8 months to see a decrease from 12 months prior. Housing starts in the Tokyo metropolitan area were 12,370 units, down 4.9%…

Historic Yugawara Fujiya Ryokan sold to fund, to reopen in 2018

Historic Yugawara Fujiya Ryokan sold to fund, to reopen in 2018

The historic Fujiya Ryokan in Yugawara, Kanagawa, has been sold to a fund and will re-open in 2018. The sukiya-style building was built during the Meiji period (1868-1912), while the gardens date from the previous Edo period. The ryokan was a famed high-end onsen until its closure in 2002. Since then, the building has sit…

4 Apartments For Sale in Roppongi Hills

4 Apartments For Sale in Roppongi Hills

Four apartments are currently for sale in the Roppongi Hills Residences. The Residences form part of the landmark Roppongi Hills complex, which includes an office tower, restaurants, a retail mall, Grand Hyatt Hotel, TV Asahi studio, Louis Vuitton, Tiffany, and Escada boutiques. Roppongi Hills is a nationally and internationally renowned complex and is considered one of the…

Tokyo Apartment Sales in March 2017

Tokyo Apartment Sales in March 2017

The following is a selection of apartments that were sold in central Tokyo during the month of March 2017:

4,000 sqm site in Ebisu sold to developer

4,000 sqm site in Ebisu sold to developer

Nomura Real Estate Development has won the bid to acquire a 4,035 sqm block of land in Ebisu. The property, which was a former apartment building for government officials, was sold by the Kanto Local Finance Bureau under a competitive bidding scheme. A total of 11 applications were made on the property, with 5 offers…

For Sale: Heritage-listed modernist house in Kyoto, c1929

For Sale: Heritage-listed modernist house in Kyoto, c1929

Price: 200,242,000 Yen (approx. 1.8 million USD) A historic modernist house located across from the Biwa Canal in Kyoto is for sale. The house was designed by architect Seigo Motono (1882-1944) and completed in 1929. This was originally built as the home of Tsuruichi Tsurumaki (1873-1942), the headmaster of what is now the Kyoto Institute of…

Sales in the Tokyo Bay Triple Tower Project to start in April

Sales in the Tokyo Bay Triple Tower Project to start in April

Sumitomo has started advertising their ‘Tokyo Bay Triple Tower Project’ – a large-scale three-tower condominium with over 1,500 apartments under construction on the man-made Ariake island in Tokyo Bay. Sales are scheduled to start in late April 2017. Apartments are priced from 34 ~ 150 million Yen and above.

Harajuku Station Front Project to include retail and residential

Harajuku Station Front Project to include retail and residential

NTT Urban Development Corporation will start work on the Harajuku Station Front Project later this year. The 5,000 sqm site is located in a prime position directly across the street from Harajuku Station and the greenery of Meiji Shrine and Yoyogi Park. This is likely become a retail and residential landmark building.

Tokyo apartment asking prices in February 2017

Tokyo apartment asking prices in February 2017

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment in greater Tokyo was 35,830,000 Yen, up 0.4% from the previous month and up 6.7% from last year. The average building age was 22.5 years. In the Tokyo metropolitan area the average asking price was 48,450,000 Yen, up…

Go Top