Secondhand apartment transactions increase in Tokyo only

According to REINS, the number of transactions made on secondhand apartments in greater Tokyo in January 2012 fell 3.3% from the year prior to 2305. Tokyo City was the only area that saw an increase in the number of transactions for the month.

Chiba saw the highest drop with only 270 transactions for the month - down 18.9% from January 2011. This is the 10th continuous month of decline.Read more

by Zoe Ward

Grosvenor purchases Roppongi Arents

Grosvenor, an international property development group, announced that they purchased Roppongi Arents from Japan Tobacco in October 2011. JT had listed the building for sale at the end of 2010.

Roppongi Arents is a luxury residential apartment building built in 2003. The 4400 sqm site adjoins the Roppongi Hills development. Apartments range in size from 88.45 to 288.77 sqm (951 ~ 3107 sqft) and can be rented for between 470,000 and 2,200,000 Yen/month.Read more

by Zoe Ward