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.
Athletes Village buyers file claim with Tokyo District Court
As many as 20 buyers of apartments in the Harumi Flag (Athlete’s Village) project have filed a petition for conciliation with the Tokyo District Court seeking compensation due to the delayed move-in date.
Tokyo Apartment Sales in January 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2021:
Quick real estate news summary for the week
Wynn Resorts backs out of Yokohama casino bid, Imperial Hotel to offer serviced apartments, and Niigata ski field closes permanently. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Nippon Express mulls sale of Shiodome office tower
Global logistics service company Nippon Express is mulling the sale of their head office building in Shiodome. The 28-story office tower could fetch as much as 100 billion Yen (approx. US$955 million). Several funds have already expressed interest.
Online sale transactions approved from April
The real estate transaction process in Japan is about to join the 21st century as the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has approved the use of teleconferencing to complete a key part of the process from April.
Osaka gets rosenka land value revision as pandemic hits shopping districts hard
Japan’s National Tax Agency (NTA) has decided to revise the rosenka land tax valuations downwards by 4% in three districts in Osaka to reflect the drop in land prices. This is the first time outside of a major disaster that the values have been revised since the system was introduced in 1955. Osaka, which has been hit hard by the tourism downtown, is the only city in Japan to receive this special adjustment.