On Sale this Saturday: The Roppongi Tokyo Club Residence

The Roppongi Tokyo Club Residence will accept purchase applications from this Saturday, July 17th, 2010.  This is the first stage of sales, and all 92 units to be put on the market on the 17th are expected to be sold out by the end of the day.

The 92 units on sale Saturday are priced between 61,200,000 ~ 480,000,000 Yen and between 47 ~ 177 sqm.Read more

by Zoe Ward

June apartment sales contracts return to high level

According to the Real Estate Economic Institute, the sales contract rate for apartments in Tokyo reached 83.9% in June, 2010 (an increase of 13.7 points from June, 2009). The last time we saw high levels was in August of 2005, when the contract rate was 89.1%.

This year has seen a clear improvement in contract rates, with January ~ June seeing favorable rates over the 70% threshold. The Real Estate Economic Institute believes this trend will continue.

The supply of apartments put up for sale increased by 66.6% compared to the previous year, with the average price being 46.94 million Yen (an increase of 3.3%).

Source: The Asahi Shimbun, July 15, 2010

by Zoe Ward