Central Tokyo apartment sale prices up 30% in June

The second-hand apartment market across greater Tokyo continued to see shrinking inventory and rising sale prices in June.

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Foreign buyers targeted by fraudulent investment property scams

In May the Mainichi Shimbun newspaper ran a series of reports on property investment scams targeting foreign residents in Tokyo. This is a continuation of the ongoing reporting by newspapers into the fraudulent loans on so-called investment properties that have, until now, focused on Japanese buyers.

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Japan heritage site sells at auction for 35 million Yen

The historic Goto Textile factory in Gunma Prefecture was up for public foreclosure auction earlier this year and appears to have found a buyer.

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Myths about Tokyo’s residential real estate market during the pandemic

One of the most frequently asked questions we have been receiving over the past 17-ish months has been about the pandemic and its effects on the residential property market here in Japan and in Tokyo. Let’s take a look at some of the arguments we hear.

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Commercial real estate activity set to increase further this year

Japan’s top real estate companies are expanding sales of properties to investors. Mitsui Fudosan is expecting a 42% increase in operating profit for the year ending March 2022, with sales to investors expecting to top 111 billion Yen (approx. US$1 billion), while Mitsubishi Estate is anticipating a 25% profit increase.

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More news on the redevelopment project surrounding the Imperial Hotel

Additional details on the Uchisaiwaicho 1 Chome District Redevelopment have been released. The 6.5-hectare site is across the street from Hibiya Park and includes the Imperial Hotel.

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Quick real estate news summary for the week

Another real estate developer to offer vaccines to tenants, Digital Agency moves to Kioi Tower, and Tokyo's office vacancy rate exceeds 6%. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.

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