More companies selling off real estate holdings in 2021
This year could see a record number of listed companies sell off real estate holdings, according to data collected by Tokyo Shoko Research.
Real estate tour of Shirokane
Shirokane is an affluent neighborhood known for parks, tree-lined avenues, Imperial estates, fancy restaurants and boutiques. Larger family homes, low-rise (and a few high-rise) apartments can be found. Property prices tend to be on the high end due to the esteemed reputation of the area. Join us on a real estate tour through Shirokane.
226m tall tower for Yaesu 2 Chome
On October 26, several developers announced the formation of a redevelopment committee for a high-rise office tower to be built in front of Tokyo Station.
More arrests as land swindles continue
The Tokyo Metropolitan Police Department has arrested three people on suspicion of defrauding a local real estate brokerage of up to 200 million Yen from a land sale back in 2018.
Tokyo apartment asking prices increase for 15th month
According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in Tokyo’s 23 wards was 64,350,000 Yen in September, up 0.1% from the previous month and up 10.4% from last year.
Redevelopment committee formed for Nibancho apartment building
A redevelopment committee has been officially established for the Kojimachi Sanno Mansion in Nibancho, Tokyo. The 51-year old condominium will be demolished next year and replaced with something almost twice as tall and with almost twice as many apartments.
Tokyo Tower to see redevelopment by 2030s
Mitsui Fudosan is embarking on a plan that could see the area under Tokyo Tower redeveloped into a 25,000 sqm retail complex.