Archive For The “Tokyo” Category

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 are scheduled to start in late April 2017. 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.

Tokyo apartment asking prices in February 2017

Tokyo apartment asking prices in February 2017

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment in greater Tokyo was 35,830,000 Yen, up 0.4% from the previous month and up 6.7% from last year. The average building age was 22.5 years. In the Tokyo metropolitan area the average asking price was 48,450,000 Yen, up…

For Sale: Historic Taisho-Modern House in Shinjuku

For Sale: Historic Taisho-Modern House in Shinjuku

Price: 125,000,000 Yen (approx. 1.1 million USD) One of the first homes to be built in the Mejiro Bunka-mura subdivision is for sale. The pre-war home is one of just a very small number of surviving historic houses in this neighbourhood. As much as 70% of the Bunka-mura neighbourhood was destroyed during air raids in 1944 and…

Japan’s residential land prices increase for first time in 9 years

Japan’s residential land prices increase for first time in 9 years

For the first time in 9 years the nationwide koji-chika assessed land value for residential land across Japan increased from the previous year. In 2017, the residential land value increased by 0.022% from 2016. This is in contrast to a 0.2% decrease reported in 2016. Of the 17,909 residential survey sites nationwide, 34% reported an annual…

Homat Woodville converted to condominium

Homat Woodville converted to condominium

The former Homat Woodville apartment building, now called Woodville Azabu, in Nishiazabu has been converted into a condominium with apartments to be sold off individually as tenants move out. Sales started in February 2017 with three apartments offered for sale. All three were immediately sold, including a 185 sqm (1,991 sq ft) apartment priced at…

Average apartment rent in February 2017

Average apartment rent in February 2017

According to Tokyo Kantei, the average monthly rent of a condominium-type apartment in greater Tokyo was 2,666 Yen/sqm in February 2017, down 0.6% from the previous month but up 5.5% from last year. The average apartment size was 60.09 sqm and the average building age was 20.4 years. In the Tokyo metropolitan area the average…

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…

Minato ward’s population exceeds 250,000 for first time in 54 years

Minato ward’s population exceeds 250,000 for first time in 54 years

In February 2017, the resident population in Tokyo’s Minato ward exceeded 250,000 for the first time in 54 years. Over the past 10 years the population has increased by 33%. The population as at March 1 reached 250,193, of which 7.7% are foreigners. The total is still slightly below the peak of 256,400 seen in 1959. The…

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).

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