The Parkhouse Gran Kamiyamacho

KAMIYAMACHO, SHIBUYA-KU, TOKYO
BUILT IN 2023   |   55 UNITS   |   4 FLOORS

SIZE RANGE: 84.74 ~ 160.56 m² (912 ~ 1,728 ft²)
AVERAGE PRICE: ¥2,300,000 ~ 3,700,000/m²

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New apartment supply drops 35.8% in March

According to the Real Estate Economic Institute, 2,142 brand-new apartments were released for sale across greater Tokyo in March, down 35.8% from last year. This is the lowest level seen for the month of March since 1992.

A total of 1,500 apartments sold within the first month of sales, resulting in a contract ratio of 70.0% - a 2.2 point decrease from last year. 

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New apartment supply in February hits 45-year low

The number of brand-new apartments released for sale across greater Tokyo reached the lowest level seen for the month of February since 1975. 

According to the Real Estate Economic Institute, February’s figures were not the direct result of the recent worldwide outbreak of the novel coronavirus. However, should economic conditions and consumer outlook worsen as a result of the unprecedented global slowdown, it is likely that Japan’s developers will continue to limit the supply of new apartments in the coming months.

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Sales start in Atlas Tsukiji

Sales in a new condo in Tokyo’s Tsukiji district started on March 7. Atlas Tsukiji is an 11-story apartment building located just behind the Tsukiji Hongwanji temple and a 3-minute walk from Tsukiji Station.

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Why an Olympic delay could spell disaster for Athletes Village buyers

The discussion of delaying or even canceling the 2020 Tokyo Olympics has become a hot topic in recent weeks and has led to some questions about what will happen to the buyers of the 4,145 apartments in Harumi Flag - the condos that will be refurbished from the Athletes Village.

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Japan’s first wood-frame high-rise condo to be built in Tokyo

Nomura Real Estate Development is in the process of building a wood-frame hybrid condominium in Tokyo’s Ochanomizu district. 

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New apartment price in Tokyo reaches highest level in history

The average price of a brand-new apartment released for sale across greater Tokyo in January has jumped 47% from last year and has reached the highest level seen since record-keeping began in 1973.

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