Former Tsukiji Fish Market to become a conference center

THE FORMER TSUKIJI FISH MARKET IN AN UNDATED PHOTOGRAPH VIA GOCHO CONSTRUCTION INDUSTRY

The Tokyo Metropolitan Government is firming up plans to redevelop the former Tsukiji Fish Market in downtown Tokyo into an international conference and exhibition center. Earlier rumors had suggested the site could become a sports stadium, shopping mall or a food-based theme park.

The most expensive apartments in Tokyo over the past 30 years

Park Mansion Roppongi

On January 26, Recruit Sumai Company released a ranking of the most expensive condominiums developed across Tokyo over the past 30 years. Not surprisingly, the most expensive apartments were all built during the bubble years in the early 1990s. The list is missing a few recent high-priced condos such as Toranomon Hills (3,000,000 ~ 4,000,000 Yen/sqm), Park Mansion Roppongi Hinokicho-koen (up to 10,000,000 Yen/sqm), and Branz Roppongi The Residence (2,800,000 Yen/sqm). 

Apartment rents in Tokyo increase by 5.3% in 2018

The average rent for an apartment in Tokyo’s 23 wards saw a 5.3% year-on-year increase in 2018 – the highest annual percentage increase in over 10 years. This was due in part to the fact that over 10% of the listings in the first half of the year were new construction. Newly built apartments tend to command higher rents than older ones, and can pull up the average. Average rents in Tokyo are now up 16% from their bottom in 2012.