Average price of an apartment in central Tokyo reaches highest level in recent history
According to REINS, 2,303 second-hand apartments were sold across greater Tokyo in August, down 26.6% from the previous month but up 1.7% from last year. The average sale price was 33,180,000 Yen, down 1.3% from the previous month but up 2.5% from last year. The average price per square meter was 521,000 Yen, down 300 Yen from the previous month but up 3.2% from last year. This is the 68th month in a row to record a year-on-year increase in prices.Read more
140-yr old house to be relocated to Tokyo
The 140+ year old former home of Viscount Shibusawa Eiichi in Aomori Prefecture is begin relocated back to Tokyo. Shibusawa Eiichi (1840-1931) was considered the father of Japanese capitalism and founded or supported over five hundred companies over his lifetime, including The First National Bank (now Mizuho Bank).Read more
The Tower Yokohama Kitanaka sells out 1.5 years prior to completion
As of late July, all 1,126 apartments available for sale in The Tower Yokohama Kitanaka have sold out over a span of 8 months. Construction of the 58-storey building is due for completion in February 2020.Read more
Tokyo apartment sales in August 2018
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of August 2018:Read more
91-yr old Spanish-style villa converted to innovation hub in Tokyo
Takenaka Corporation, Tokyu Corporation and TOHO-LEO Co., have jointly restored a 91-year old historic residence in Tokyo’s Chiyoda ward and converted it into a business innovation hub.
The current owner, a descendent of the original owner, keen to find a way to preserve the home, entered into a master lease agreement with the three companies. The members-only innovation hub, called ‘kudan house’, officially opens in September.Read more