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.
244 total views, 146 views today
Blog
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.
464 total views, 18 views today
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.
782 total views, 22 views today
No Flat 35 S home loans for new housing in landslide risk zones
Starting this October, the Flat35 S home loan won’t be available to buyers of brand-new homes or land to build brand new homes on in sediment disaster special alert areas (aka Red Zones).
776 total views, 6 views today
New apartment price in greater Tokyo hits historic high
The average price of a brand new apartment released for sale across greater Tokyo in the first half of the year (April to September) reached the highest level in history.
866 total views, 14 views today
Renzo Piano to design replacement for Kunio Maekawa-designed building
Tokio Marine Holdings has announced that Italian architect Renzo Piano will be designing the replacement for the Tokyo Marine Nichido Insurance Building in Marunouchi, Tokyo.
762 total views, 4 views today
No disclosure requirements for natural deaths, MLIT
On October 8, the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) announced the new guidelines for disclosing stigmatized properties to future tenants and buyers. Up until this point, there have been no clear rules on when or what to disclose to a potential occupant, leaving it up to the real estate brokers to follow their own practices. This has been a frequent cause of trouble and confusion.
1,087 total views, 8 views today
Luxury apartment sales surge in Tokyo
The luxury condominium market in Tokyo has been surging in the face of the pandemic.
1,039 total views, 6 views today
Greater Tokyo apartment prices increase for 17th month
According to REINS, a total of 3,176 second-hand apartments were reported to have sold across greater Tokyo in September, down 4.6% from last year. This is the 3rd month in a row to see a year-on-year drop in transactions.
788 total views, 2 views today
Modernist city hall priced too cheaply, critics say
The former Yokohama City Hall, designed by famed architect Togo Murano and built in 1959, is still awaiting a final decision regarding its fate with some arguing that it has been priced too low.
824 total views, 8 views today