In October, Tokyo Kantei published a report focusing on the existing apartment stock that lies within an 8km radius of the man-made island of Harumi in Tokyo Bay.
According to the data, there were 10,195 existing apartment buildings containing 540,057 apartments within 8km of Harumi. 40.5% of Tokyo’s 23-ku apartment stock is located within this zone. Current estimates show another 10,000 apartments are expected to be supplied in the bayside area in the next few years.
As the area is set to host a number of events and facilities for the 2020 Summer Olympics, development is expected to continue and the supply of new apartments could soar rapidly.
The report also listed the share of buildings by age within the zone.
Pre-1982 (31 years old +):
- Minato-ku 757 bldgs 22.3%
- Shibuya-ku 476 bldgs 14.0%
- Shinagawa-ku 430 bldgs 12.7%
- Shinjuku-ku 322 bldgs 9.5%
- Koto-ku 268 bldgs 7.9%
1983-2002 (11 ~ 30 years old):
- Shinagawa-ku 616 bldgs 15.8%
- Minato-ku 525 bldgs 13.5%
- Koto-ku 442 bldgs 11.4%
- Shibuya-ku 361 bldgs 9.3%
- Shinjuku-ku 338 bldgs 8.7%
2003 onwards (less than 10 years old):
- Koto-ku 398 bldgs 13.7%
- Chuo-ku 368 bldgs 12.7%
- Shinagawa-ku 358 bldgs 12.3%
- Minato-ku 322 bldgs 11.1%
- Sumida-ku 294 bldgs 10.1%
Source: Tokyo Kantei, October 31, 2013.
