An option for those who need to sell their apartment quickly
This article is intended only for sellers who are looking to dispose of their property very quickly.
Selling real estate on the open market in Tokyo can typically take several months if the property is priced correctly. But, if you have bought into the wrong building or are trying to sell at the wrong time, it can take much longer - years even.
Real estate is illiquid and cannot be quickly traded like stocks. What if you need to sell in a hurry?
Japan’s first wood-frame high-rise condo to be built in Tokyo
Nomura Real Estate Development is in the process of building a wood-frame hybrid condominium in Tokyo’s Ochanomizu district.
Residential leases are on the decline
The number of residential rental contracts signed across greater Tokyo has been on the decline for over a year now, with the effects being felt on real estate brokerages. Teikoku Databank reported 104 real estate brokerages filed for bankruptcy across greater Tokyo in 2019, up 6% from 2018.
Partial interest in Otemachi office tower sells for 99.8 billion Yen
Mitsubishi Estate has sold a partial interest in the Otemachi Park Building for 99.8 billion Yen (approx. US$974 million).
Why existing apartment sales are outperforming new construction
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Hakuba to create database of real estate owned by foreigners
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