Real estate company Misawa Homes has acquired a 36-year old former technical school building in Tokyo’s Chiyoda ward, and will convert the existing building into rental apartments. This will be the company’s second ‘refining’ project to be done in conjunction with Shigeru Aoki Architect & Associates. The architectural firm has worked on several building refurbishment…
According to the Tokyo Fire Department, 80% of the 576 high-rise (11 storeys and higher) apartment buildings inspected in 2016 were issued orders for violating the Fire Services Act. The majority of the infractions were were for not designating a fire safety supervisor for fire drills, and not conducting regular checks of fire-fighting equipment. There…
According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment across greater Tokyo was 35,720,000 Yen in May, up 0.3% from the previous month and up 3.5% from last year. The average building age was 22.8 years. In the Tokyo metropolitan area, the average asking price was 48,220,000…
According to Tokyo Kantei, the average monthly rent of a condominium-type apartment across greater Tokyo in May 2017 was 2,633 Yen/sqm, down 0.8% from the previous month and down 1.1% from last year. The average apartment size was 59.94 sqm and the average building age was 20.2 years. In the Tokyo metropolitan area, the average…
Three men and women have been arrested for the alleged fraudulent sale of a 300 square meter block of land in Tokyo’s upscale Minamiazabu neighbourhood. According to the police department, the suspects forged the identity of the landowner and collected a 240 million Yen (approx. 2.15 million USD) payment from a buyer in early 2014….
According to the Real Estate Economic Institute, 2,603 new apartments were released for sale across greater Tokyo in May, down 5.0% from the previous month and down 13.3% from last year. This is the lowest supply for the month of May seen since 1992 when 1,617 apartments were released for sale. 1,880 apartments were sold,…
Price: 1 billion Yen (approx. 8.95 million USD) We have already started emailing our clients about this one, and are expecting that a property as unusual as this may not stay on the market for long. This contemporary freestanding home designed by internationally-renowned Kengo Kuma and located within the grounds of Shiba-koen Park is for sale. As many already…
On June 13 Mori Trust announced that they have acquired the historic holiday home of Taneji Yamazaki (1893-1983) in Atami City for an undisclosed price. Yamazaki was a successful businessman, founding several trading companies, including one which is now SMBC Friend Securities. In 1966 he founded the Yamatane Museum of Art in Tokyo, which was…
A survey by public broadcaster NHK has found that there were over 22,000 apartments in public housing complexes across Japan that were built with materials containing hazardous asbestos. From the findings, a professor from the Tokyo Institute of Technology has suggested that there is a possibility that as many as 230,000 former residents could have inhaled…
Tobu Railway and real estate developer HULIC have announced plans to open a luxury hot spring resort in Nikko that will cater to wealthy tourists. The tentatively-titled ‘Nikko Fufu’ resort is scheduled to open in 2019. The 14,000 sqm site is located on Tobu-owned land in the Tomozawa district in Nikko. It adjoins the 40,000…