Tiny land in Tokyo
Let's take a look at some of the smallest blocks of land for sale in Tokyo:
7.82sqm 2,500,000 JPY (@ 320,000 JPY/sqm)
(84 sqft)
Yamatocho 2 Chome, Nakano-kuRead more
Atami Izusan Step House
*Update: SOLD
In the quiet residential Izusan neighborhood, this contemporary 1-bedroom designer home is for sale. Designed by Tezuka Architects office and the house was featured in Shinchiku magazine. The house was designed to maximize the views with each space facing the ocean.Read more
[Foreclosed] Villa Resina
This apartment block was initially built as a company dormitory for employees of the Kansai Electric Power Company.
Earlier this year it was listed for 1.3 billion JPY but it seems like they could not find a buyer in time. The current court evaluation is 573,000,000 JPY.
For Sale: 3 buildings owned by Japan Tobacco
Japan Tobacco have recently put three of their buildings in central Tokyo up for public sale and are currently accepting bids. The properties for sale are:
- Roppongi Arents (Residential)
- JT Ebisu Minami Building (Commercial)
- Alive Nanpeidai II Building (Commercial)Read more
Asian buyers are top foreign purchasers in Japan
The Wall Street Journal has an interesting article on the shift among foreign buyers of Japanese real estate.
Asian buyers, both corporate and individual, made 18 real estate acquisitions in Japan in 2010 for a total of USD 372 million. US buyers made 3 deals totalling just USD 6 million.Read more
The Omotesando Project
Located at the Harajuku crossing and between the JR Railway lines and Co-Op Olympia, this 2,860sqm site has been sitting vacant for a few years now.
In August,2005, Raysum purchased the site and former building from Seibu Holdings and had plans for redevelopment. The total cost of the planned project was 40 billion JPY (an estimate from 2006 report). Construction was initially scheduled to start in April, 2007 and be completed by March, 2009.Read more
Two large scale redevelopments for Minato-ku in 2011
Two large scale redevelopment projects in Minato-ku are about to commence in 2011.
Sumitomo Realty & Development are planning for their "Roppongi 3 Chome East District Redevelopment" project. The total development size will be 200,000sqm (2,152,000 sqft).
Meanwhile, Kowa Real Estate are planning their "Akasaka 1 Chome District Redevelopment" project with a total area of 170,000sqm (1,829,200 sqft).Read more