Archive For The “Tokyo” Category

Tokyo apartment asking prices in July 2017

Tokyo apartment asking prices in July 2017

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 July, showing no change from the previous month but up 1.9% from last year. The average building age was 22.9 years. In Tokyo’s 23 wards, the average asking price was 53,260,000…

Shinjuku office vacancy rate drops to 1% range

Shinjuku office vacancy rate drops to 1% range

The office vacancy rate across Tokyo’s five central business districts of Chiyoda, Chuo, Minato, Shinjuku and Shibuya dropped to 3.22% in July, down 0.04 points from June and down 0.72 points from July 2016. This is close to the record low of of 3.03% reported in April 2008 and down from a high of 9.43%…

265m tall tower for Toranomon Hills district

265m tall tower for Toranomon Hills district

More details have been released on the Toranomon Hills Station Tower which will be built on the north-west side of Toranomon Hills in central Tokyo. The building height will be 265 meters, which is 18 meters taller than the neighbouring Toranomon Hills tower and 17 meters taller that Tokyo Midtown. Construction of the 49-storey tower…

New apartment prices in greater Tokyo up 16% from last year

New apartment prices in greater Tokyo up 16% from last year

According to the Real Estate Economic Institute, a total of 3,426 brand-new apartments were released for sale across greater Tokyo in July, up 50.0% from the previous month and up 3.3% from last year. 2,465 apartments were sold, resulting in a contract ratio of 71.9%, up 8.6 points from last year and above the 70.0%…

287m tall high-rise planned for Nihonbashi

287m tall high-rise planned for Nihonbashi

Details on the Nihonbashi 1 Chome Central District Redevelopment have been announced. The project will include a 287m tall high-rise with office, hotel and serviced apartments, as well as several low-rise retail, office and residential buildings. The high-rise tower will be taller than Tokyo Midtown (248m), Toranomon Hills (247m) and the Tokyo Metropolitan Government Building…

Tokyo apartment sale prices increase for 58th consecutive month

Tokyo apartment sale prices increase for 58th consecutive month

According to REINS, 3,304 second-hand apartments were sold across greater Tokyo in July, down 0.9% from the previous month but up 3.6% from last year. The average sale price was 31,600,000 Yen, down 0.06% from the previous month but up 5.4% from last year. The average price per square meter was 494,800 Yen, down 0.3%…

Luxury condo to replace Yoyogi Terrace Apartment block

Luxury condo to replace Yoyogi Terrace Apartment block

Foretseine, a subsidiary of Mori Trust, will be demolishing the vintage Yoyogi Terrace Apartment rental building in Shibuya and replacing it with a luxury condominium. Details on the project, including the construction schedule, have yet to be announced, but it is expected that the new building could be completed by 2020.

For Sale: The Parkhouse Gran Chidorigafuchi, 3 Bedrooms

For Sale: The Parkhouse Gran Chidorigafuchi, 3 Bedrooms

THE PARKHOUSE GRAN CHIDORIGAFUCHI ¥— Update: No longer available. 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 vast Imperial Palace…

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

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

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…

For Sale: 3-Bedroom corner apartment in Roppongi Hills

For Sale: 3-Bedroom corner apartment in Roppongi Hills

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…

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