Traditional estate in Osaka to be sold in March
The traditional Taiko-en estate in Osaka City will be sold at the end of March, as announced by owner and operator Fujita Kanko. The wedding and restaurant facility hosted the G20 Joint Session of Finance and Health Ministers in 2019.
Ultra-luxury rental apartments for long-idle Daikanyama site
Mitsubishi Corporation Urban Development is starting work on a luxury rental apartment building development in Daikanyama, Tokyo.
Office high-rise now planned for former TSK Building site in Roppongi
There are signs of life on the site of a now-demolished scandal-ridden building in Roppongi.
Apartment transactions in January reach all-time high
The second state of emergency issued on January 7 wasn’t enough to slow buying activity this time around, with REINS reporting that 3,480 second-hand apartments were sold across greater Tokyo in January, up 37.3% from the previous month and up 29.9% from January 2020. This is the highest number of transactions seen for the month of January since REINS began reporting data in May 1990.
Quick real estate news summary for the week
Tokyo’s office vacancy rate continues to climb, Hon-Atsugi popular with renters and Kachidoki popular with buyers. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Tokyo records net inflow of residents in 2020
According to the Ministry of Internal Affairs and Communications, the greater Tokyo area, which includes Tokyo, Saitama, Chiba, and Kanagawa, saw a net inflow of 99,243 new residents in 2020. This was the 25th year in a row to see a net inflow.
The most expensive apartments to go on sale in Tokyo over the past 10 years
Over the past few years, Tokyo's luxury real estate market has taken off as developers tap into growing demand for high-end homes.