Archive For The “All” Category

Tokyo apartment sale prices increase for 57th month

Tokyo apartment sale prices increase for 57th month

According to REINS, 3,333 second-hand apartments were sold across greater Tokyo in June, up 11.7% from the previous month and up 8.6% from last year. The average sale price was 31,620,000 Yen, down 0.3% from the previous month but up 4.8% from last year. The average price per square meter was 496,100 Yen, up 0.2%…

Kyoto’s tourism boom creates office shortage

With office vacancy rates in the 2% range, commercial tenants in Kyoto are reporting difficulty in finding new office space as the city’s supply of office buildings dwindles. This year, parts of Higashiyama, Nakagyo and Shimogyo saw rosenka land values increase by over 20%. Rising land values are being supported by the city’s booming tourist…

Kobe Maya Hotel seeking national heritage listing

Kobe Maya Hotel seeking national heritage listing

A non-profit organisation is seeking donations to help preserve the 88-year old Maya Hotel and prepare it for a potential national heritage listing. The art deco hotel was built in 1929 on the hills overlooking Kobe City. It has been closed since 1993 and has been left to rot and fall into ruin. In 2016,…

23-storey apartment tower planned for Roppongi Itchome

23-storey apartment tower planned for Roppongi Itchome

Real estate developer Mori Trust is planning a 23-storey, 80-meter tall apartment building for a site in Roppongi. Completion is scheduled for late May 2019. The Roppongi Itchome Project is located on the same block as Ark Hills Sengokuyama Mori Tower and across the street from Park Court Roppongi Hilltop. The site was previously a training…

Sales start in 50-storey high-rise in Osaka

Sales start in 50-storey high-rise in Osaka

Off-the-plan sales in the 50-storey Branz Tower Umeda North condominium began over the weekend, with the most expensive unit in the building – a 145 square meter three-bedroom penthouse – priced at 270 million Yen (approx. 2.37 million USD). A total of 218 apartments were offered for sale in the first round, representing a third…

How long does it take to for an apartment to sell in central Tokyo?

How long does it take to for an apartment to sell in central Tokyo?

We find many clients miss out on some great purchases because they assume they will have plenty of time before a property sells. One of the biggest mistakes you can make when trying to enter a major market like Tokyo is to think that you are the only buyer out there. In reality, there are a…

The owners of 20% of Japan’s land are unaccounted for

The owners of 20% of Japan’s land are unaccounted for

According to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), approximately 41,000 square kilometers, or 20% of privately-owned land in Japan is owned by unidentifiable or missing owners. A missing owner is defined as someone who has either passed away without the property title being transferred to the heirs, or an owner who has…

Nationwide rosenka land values increase for 2nd year in a row

Nationwide rosenka land values increase for 2nd year in a row

In 2017, Japan’s rosenka land values increased for the second year in a row with an average growth of 0.4% nationwide. In 2016, rosenka land values increased by 0.2%, ending an 8 year decline. In Tokyo’s Ginza district, an uptick in retail demand due to record-high foreign tourist numbers has helped to push land values…

Tokyo Apartment Sales in June 2017

Tokyo Apartment Sales in June 2017

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

For Sale: 5-storey designer townhouse in downtown Tokyo

For Sale: 5-storey designer townhouse in downtown Tokyo

Price: 175,100,000 Yen (approx. 1.56 million USD) A 5-storey, architect-designed freestanding house is for sale just north of the Imperial Palace in central Tokyo. Kudankita House was designed by architectural firm Sakane Keikaku Sekkei and completed in 2004. A year later it was featured in a spread in Casa BRUTUS magazine. The 17-meter tall, steel-frame…

Go Top