Kenzo Tange-designed gymnasium to be demolished
Despite the best efforts of preservation groups and years of deliberations by local government, the brutalist curved concrete Kagawa Prefectural Gymnasium is heading to demolition, with the prefecture setting aside a budget of 46 million Yen to tear down the landmark building.
Tokyo Apartment Sales in January 2023
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2023:
New apartment price in Tokyo hits 32-year high
The average price of a brand-new apartment released for sale across greater Tokyo in 2022 reached 62.88 million Yen, up 0.4% from 2021 and the highest level on record since 1990 when prices were 62.14 million Yen.
Mita Garden Hills now on sale with a 4.5 billion Yen apartment on offer
Sales in the 1,002-unit Mita Garden Hills luxury apartment development in central Tokyo started last week with pricing looking to average around 4 million Yen/sqm (US$2,860/sq.ft).
Greater Tokyo sees net inflow of 99,000 residents in 2022
The Tokyo metropolitan area saw a net inflow of 38,023 residents in 2022, up from a 5,433 net increase seen in 2021, as the capital emerged from a pandemic. This was the largest net inflow in all of Japan’s 47 prefectures.
New Issey Miyake store completed in Ginza
Yasuda Real Estate has completed construction of its 3rd project in Ginza. The 9-story Ginza Matsuya-dori Yasuda Building will have Issey Miyake as the key tenant on the first 4 floors.
Japan’s giant Kannon statues are becoming white elephants
Giant Kannon statues looming over quiet residential estates below have increasingly become a concern for both local governments and local residents. Once a symbol, many are now a negative legacy, fallen into disrepair.