160-yr old home to be donated to city
The owner of a home near Lake Biwa is donating the property to Nagahama City. The Shimosaka Residence was built in the mid-1800s, while the earthen embankments and canals within the property are thought to date from the 1400 ~ 1500s. The property also includes a family Buddhist temple dating from the 1700s.
Central Tokyo apartment asking prices reach record high in September
Last month, the average asking price of a 70 sqm second-hand apartment in central Tokyo’s six wards (Chiyoda, Chuo, Minato, Shinjuku, Shibuya, and Bunkyo) exceeded the 80 million Yen mark. This is the highest level seen since real estate data provider Tokyo Kantei began keeping records in 2002.
Muji’s newest house starts from 16 million Yen
No-frills retailer MUJI announced a new house to their line-up last month. The Yo-no-ie is the first house to have been offered by MUJI HOUSE in five years. The basic model starts from 15,980,000 Yen (approx. US$147,000), plus tax.
3rd quarter apartment transactions reach historic high
Reported transactions of second-hand apartments across greater Tokyo in the third quarter of 2019 reached the highest level seen for this quarter since REINS began recording data in 1990.
Shibuya’s Silicon Valley status pushing rents to new highs
Thanks to its fast-growing status as Japan’s new tech center, Shibuya has outpaced Chiyoda as the most expensive office district in Tokyo.
New apartment price in Tokyo exceeds 60 million Yen for first time in 28 years
The average price of a brand-new apartment released for sale across greater Tokyo in the first half of 2019 (April ~ September) was 60,060,000 Yen, up 4% from last year. This is the first time in 28 years to see the average price exceed 60,000,000 Yen for the first half of a year. In 1991 it was 61,370,000 Yen.