Popular Myths about Japanese Real Estate

There is a lot of incorrect and misleading English information floating around about the Japanese real estate market. I chose this recent PR-type article from PropGoLuxury.com as a typical example of the type of misinformation.

"Japan real estate remains one of the priciest in the world. Tokyo came fourth in the Global Property Guide's 2009 survey of the world's most expensive markets, behind Monaco, London and Moscow. The average price for an apartment in Tokyo city centre is a staggering US$17,998 per sqm"

FALSE

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by Zoe Ward

TV Asahi to develop former Zaboo Onsen Site

tv-asahi-site-nishiazabu-1-chome-dec-2010
TV Asashi Nishiazabu Site, December 2010

 

TV Asahi acquired the Zaboo Onsen in July, 2010. An 18 storey office building with a total floorspace of 18,000sqm and an event hall will be built on the 3,769sqm site . Construction is scheduled to start in Summer, 2010 and should be completed by Fall 2013.Read more

by Zoe Ward