Minato’s local government is facing strong opposition from residents opposed to a children’s welfare center planned in the Minami Aoyama address. The dispute centers around a prime plot of land located in Minami Aoyama 5 Chome, just down the street from Omotesando’s Prada Boutique. The 3,200 sqm block of vacant land was previously home to the Minami Aoyama Kaikan Hall which was demolished in early 2016.
Blink and you’ll miss it. The Tadao Ando-designed house for sale in the heart of Shibuya went under offer last week.
Over the past 12 months, Toyosu Station on the manmade island of Toyosu in Tokyo Bay has seen the highest number of apartments listed for resale in the greater Tokyo region. According to Tokyo Kantei, there have been 3,720 apartments listed for resale in the vicinity of this station accounting for 22.7% of the total apartment stock in the neighborhood. The average apartment age was 11.3 years.
Sales in Ishikawa Prefecture’s most expensive condominium have gone exceedingly well with the building now over 60% sold. The Residence Kanazawa is located in front of Kanazawa Station and forms part of the Hyatt hotel development.
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of October 2018:
A small retail building behind the Prada Boutique in Omotesando has sold for 12.2 billion Yen (approx. 108 million USD). The Japan Retail Fund Investment Corporation, an affiliate of Mitsubishi Corporation, acquired the trust beneficiary rights to the property on October 25.
Official sales marketing for the Athlete’s Village in Tokyo’s Harumi Island was announced last week. The Athlete’s Village will be completed in time for the 2020 Tokyo Olympics, with the buildings to be converted into a mix of condo-type and rental-type apartments afterwards. Some additional buildings will be completed after the Olympics have finished.
Sumitomo Realty & Development is planning a 63-meter tall, 18-storey apartment building in Minato’s Minami Aoyama address. There will be approximately 115 apartments in total.
One of Tokyo’s narrowest homes returned to the market last month with a 80% markup on its previous asking price.
Nagasaki City is pushing ahead with the demolition of a historic brick warehouse in Matsugaemachi. According to city archives, the Lake & Co. Warehouse was built sometime in the mid-Meiji period (1868-1912) by merchant brothers George and Edward Lake to store goods for their general store.