Tokyo Apartment Sales in June 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of June 2021:
40-story apartment tower for Nishi Shinjuku
On June 16, the Tokyo Metropolitan Government approved the land rights transfer proposal for the Nishi Shinjuku 5 Chome Central South District Redevelopment. This development will see several blocks of low-rise buildings replaced with a 40-story apartment tower.
Osaka sees steepest drop in rosenka land values in 2021
On July 1, the National Tax Agency (NTA) released the rosenka land tax values for 2021. Not surprisingly, Osaka’s heavily tourist-oriented Shinsaibashisuji Street saw the biggest decline nationwide, with a 26.4% drop in 2021.
Quick real estate news summary for the week
Ageism rife in rental market, Sapporo hotel converts rooms to office space, and Dentsu confirms decision to sell Shimbashi HQ. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Apartment sales in Athletes' Village to resume this fall
Sales of the apartments in the Athletes’ Village are expected to resume this fall or later, once the Olympics wraps up.
Sales in Toranomon Hills Residential Tower start this week
Sales in Toranomon Hills Residential Tower officially started on June 28, with two apartments over 3,000 sq.ft listed.
Odaiba onsen to close in September
The Odaiba Ōedo-Onsen Monogatari on Tokyo Bay will close its doors permanently on September 5, ending 18 years of operations. The old Edo-themed theme park onsen opened in March 2003 and was visited by as many as 1,000,000 people annually.