Archive For The “New Construction” Category

Construction to start on Foretseine Motoazabu 2 Chome project in July

Construction to start on Foretseine Motoazabu 2 Chome project in July

Mori Trust is developing a luxury apartment building atop the Motoazabu neighbourhood in central Tokyo. Takenaka Corporation, one of Japan’s top construction giants, will start construction on Foretseine Motoazabu 2 Chome in July 2017. Completion is due for the end of December 2018. The 5-storey building will have just 17 spaciously sized apartments. This project…

Japan’s high-rise apartment market from 2017 to 2021 onwards

Japan’s high-rise apartment market from 2017 to 2021 onwards

According to the Real Estate Economic Institute, there are 285 high-rise residential buildings containing 106,321 apartments planned for completion across Japan from 2017 onwards. This is an increase of 47 buildings and 16,477 apartments from the previous survey point in March 2016. 76.1% of the apartments are located in the greater Tokyo area, where 186…

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…

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 were scheduled to start in late April 2017 but have been delayed until late May. 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.

Supply of new apartments in February reaches second lowest level in past 17 years

According to the Real Estate Economic Institute, 2,310 new apartments were released for sale across greater Tokyo in February, up 66.9% from the previous month and up 3.3% from last year. This is the second lowest number seen for the month of February since 2000. Although sales conditions are very strong in central Tokyo, the…

Hokuriku region’s largest apartment building to be completed in 2018

Hokuriku region’s largest apartment building to be completed in 2018

Daiwa House is currently constructing a 23-storey, 206-unit apartment building in central Toyama City that will be the largest apartment building based on the total number of apartments to have ever been built in the Hokuriku region, which encompasses Toyama, Ishikawa and Fukui prefectures. The 85m tall Premist Tower Sogawa is due for completion in…

New apartments in Tokyo to be completed in 2017

New apartments in Tokyo to be completed in 2017

The following is a selection of condominiums due for completion in central Tokyo in 2017. Proud Roppongi and Royal Season’s Akasaka are the only buildings where some of the larger apartments come with two bathrooms. Only one building has apartments over 200 sqm (Proud Roppongi).

Nomura to lead redevelopment project in Akasaka 7 Chome

Nomura to lead redevelopment project in Akasaka 7 Chome

According to an investor relations report by Nomura Real Estate Holdings, the developer will be participating in the Akasaka 7 Chome 2 District Redevelopment in central Tokyo. Nomura will receive approximately 200+ apartments as part of the deal. The project is still in the planning stages, but construction could start sometime in 2020 with completion sometime between 2023~2025….

Otemachi’s first serviced apartments to open this month

Otemachi’s first serviced apartments to open this month

Otemachi, one of Japan’s top business districts, will see the opening of its very first residences at the end of this month. Until now, there have been no apartments or residential options in the Otemachi and Marunouchi districts. Ascott Marunouchi Tokyo is located on the top 9 floors of the recently completed Otemachi Park Building. The…

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