Ginza office floor sale sees price more than double within a year
Shioi Kosan, the private asset management company for fast-food bento maker Hotto Motto, has paid 25 billion Yen (approx. 230 million USD) to acquire the 8th floor of the Ginza Six retail and commercial building in Tokyo’s Ginza district. The sale price is more than double the price that the floor sold for 7 months prior.Read more
Land in Ginza to sell for 64 million Yen (570,000 USD) per square meter
Articles appearing in both the Nikkei Business Publication and the Business Journal have suggested that a block of land (with building) alongside Ginza’s main shopping street will be sold for a record price of up to 64 million Yen per square meter (approx. 570,000 USD/sqm or 53,000 USD/sq ft).
City Tower Ginza East
MINATO, CHUO-KU, TOKYO
BUILT IN 2019 | 492 UNITS | 22 FLOORS
| SIZE RANGE: | 34.54 ~ 83.95 m² (372 ~ 903 ft²) |
| AVERAGE PRICE: | ¥1,800,000/m² |
Proud Ginza Higashi Residence
Price when new: 66 ~ 219 million Yen (approx. 1,300,000 Yen/sqm)
Size range: 58.05 ~ 100.42 sqm (625 ~ 1,081 sq.ft)
Area: Akashicho, Chuo-ku
| ABOUT |
Sales began in August 2017.
Proud Ginza Higashi Residence is located 1,100 meters, or a 14 minute walk from Ginza's main shopping avenue and 500 meters from Sumida River. It is a 2 minute walk from Shintomicho Station on the Yurakucho Subway Line.
The 12-storey building includes 102 two and three-bedroom apartments, and 22 car spaces. The resident lounge interior has been designed by Hirsch Bedner Associates (HBA). This firm has also done interiors for Four Seasons, Shangri-La and the Grand Hyatt.
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Land in Ginza sells for 43 million Yen/sqm
In August, railway operator Hankyu Corporation acquired a block of vacant land in Ginza for 13.5 billion Yen (approx. 132 million USD). The purchase price worked out to be approximately 43,700,000 Yen per square meter (40,000 USD/sq.ft), or around 4,500,000 Yen per buildable square meter (4,100 USD per buildable square foot) based on a potential 3,000 square meter building.
The 308.88 square meter (3,323 sq.ft) corner block of land is located alongside Namiki Dori Avenue. It was originally the site of the 10-storey Tokyo Chusha Building, which had a total floor area of 3,000 square meters (32,280 sq.ft). The building was demolished in 2015.
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Open Residencia Ginza 2 Chome
Price when new: 40.9 ~ 67.1 million Yen (1,635,000 Yen/sqm)
Size range: 25.11 ~ 40.97 sqm (270 ~ 441 sqft)
Area: Ginza, Chuo-ku
| ABOUT |
Open Residencia Ginza 2 Chome is a 10-storey compact-style residential building located 200 meters from the Chuo Ward Office. It is 700 meters from the Ginza 4 Chome Intersection, but the immediate area around this property is primarily a crowded and old district. It is also 110 meters from Wellith Ginza 2 Chome. Read more