Tokyo Apartment Sales in May 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of May 2021:
Quick real estate news summary for the week
Goldman to double annual property acquisitions in Japan, real estate company flips Hewlett-Packard building to Singapore REIT, and Ascott buys three rental apartment buildings. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Price-earnings ratios for Tokyo in 2020
The price-earnings ratio (PER) for brand-new apartments across greater Tokyo in 2020 was 24.69, up slightly from 2019 (24.36). A high PER means a low rental yield.
Kengo Kuma-designed residential and retail project for Daikanyama
On May 17, real estate developer Tokyu Land announced that construction had officially started on a Kengo Kuma-designed mixed-use complex just by Daikanyama Station in central Tokyo.
Former Mizuno HQ (c1927) to be demolished
On May 18, sporting company Mizuno Corporation announced plans to demolish their 94-year old former headquarters building in Osaka.
New apartment prices in Tokyo jump 43% in April
The average price of a brand-new apartment across greater Tokyo in April reached 77,640,000 Yen, a 24.9% increase from last year and the second-highest price seen since the asset bubble era of the late 1980s ~ early 1990s.
Quick real estate news summary for the week
880 million Yen to demolish an abandoned statue, Bauhaus residence to be torn down, and Tokyo has the 2nd highest commercial real estate volume in the world. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.