For Sale: The Parkhouse Gran Chidorigafuchi, 3 Bedrooms

For Sale: The Parkhouse Gran Chidorigafu...

THE PARKHOUSE GRAN CHIDORIGAFUCHI ¥297,800,000 (approx. 2.69 million USD) Update: Under offer Potential rent: approx. 700,000 ~ 800,000 Yen/month A 3-Bedroom corner apartment has just been listed for sale in The Parkhouse Gran Chidorigafuchi apartment building. The Parkhouse Gran Chidorigafuchi is one of the best-positioned luxury apartment buildings in Tokyo, offering outstanding views over the…

Tokyo apartment sales in July 2017

Tokyo apartment sales in July 2017

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

New apartment price-to-income ratio drops for first time in 7 years

New apartment price-to-income ratio drop...

According to Tokyo Kantei, the average price of a brand new apartment across Japan was 7.59 times the average annual income in 2016, down 0.07 points from 2015 and the first drop reported in 7 years. The price-to-income ratio across greater Tokyo was 10.68, down 0.31 points from 2015, and the first decline seen in…

Mizuho to offer home loans for same-sex ...

Mizuho Bank is now the first bank in Japan to offer home loans for same-sex couples. Up until now, home buyers would have had to obtain a loan under a single borrower’s name where the loan amount was limited by the single borrower’s income. The home loan product is currently only available to residents in…

Local groups seek ban on unlicensed short-term letting in Hakuba

Local groups seek ban on unlicensed shor...

Hakuba’s local tourism associations are seeking a ban on short-term Airbnb-type accommodation because it could threaten the already-low operational rates of the village’s existing inns and hotels. Hakuba’s Kirikubo and Shinden districts at the foot of of the Hakuba Iwatake Ski Resort have 68 licensed lodgings that have operating ratios of around 15 ~ 20%,…

For Sale: 3-Bedroom corner apartment in Roppongi Hills

For Sale: 3-Bedroom corner apartment in ...

ROPPONGI HILLS RESIDENCE ¥368,000,000 (approx. 3.3 million USD) Potential rent: approx. 900,000 ~ 950,000 Yen/month This is a sought-after three bedroom corner apartment on the 19th floor in Roppongi Hills Residence B – the 43-storey tower. The Roppongi Hills Residences form part of the internationally-renowned Roppongi Hills complex in the center of Tokyo, which includes…

Construction starts on 3,000-unit project in Kachidoki

Construction starts on 3,000-unit projec...

Construction has started on a triple-tower high-rise apartment project on the man-made island of Kachidoki in Tokyo Bay. Completion of the 165.5 billion Yen (approx. 1.5 billion USD) development is tentatively scheduled for late July 2027. The Kachidoki East District Redevelopment includes three towers ranging from 106 ~ 195 meters, with a total floor area…

New apartment prices in Kyoto drop as developers are forced out of city center

New apartment prices in Kyoto drop as de...

The supply of brand new apartments in Kyoto City in the first half of 2017 increased by 21.7% from the same period in 2016, while the average sale price saw a steep drop of 24.1% to 43,280,000 Yen. The reason for the decrease in the price was due to intense competition for hotel development sites…

Tokyo apartment asking prices in June 2017

Tokyo apartment asking prices in June 20...

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment across greater Tokyo was 35,620,000 Yen in June 2017, down 0.3% from the previous month but up 2.6% from last year. The average building age was 22.7 years. In the Tokyo metropolitan area, the average asking price was…

Nihonbashi expressway may be moving underground

Nihonbashi expressway may be moving unde...

The unsightly Metropolitan Expressway that runs above the historic Nihonbashi Bridge in downtown Tokyo may be shifted underground. On July 21, the Ministry of Land, Infrastructure, Transport and Tourism announced that they have started investigations into the relocation of the highway. Construction would begin after the 2020 Summer Olympics and form part of the district’s…

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