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.
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.