Central Tokyo apartment transactions up 35% in August
According to REINS, a total of 2,584 second-hand apartments were reported to have sold across greater Tokyo in August, up 12.2% from last year. The average sale price was 34,610,000 Yen, up 4.3% from last year. The average price per square meter was 538,800 Yen, up 3.4% from last year and the 7th month in a row to see a year-on-year increase.
Multi-block redevelopment for Uchisaiwaicho
Three developers will soon embark on what is said to be the biggest post-Olympic redevelopment project in Tokyo. The redevelopment district includes the Imperial Hotel, NTT Hibiya Building, Mizuho Bank Uchisaiwaicho Building, and TEPCO Head Office Building.
Ninja house in Aomori looking for buyer
The owner of an Edo-era ninja house in Hirosaki City, Aomori, is looking to sell their traditional home. Ideally, the owner would like to find a buyer who wants to preserve the historic home. If not, they may have to demolish it due to the high cost of maintenance.
Yokohama's modernist City Hall to be converted into hotel
A leading example of modernist architecture in downtown Yokohama will be preserved and incorporated into a large-scale office and hotel project.
Tokyo's oldest ‘danchi’ apartment block to be redeveloped
Possibly the oldest surviving public housing block in Tokyo will soon be demolished to make way for new housing for its residents. The Nakano Jutaku was built in 1951, just six years after the end of WWII. It also preceded the former Japan Housing Agency (now the Urban Renaissance Agency) that was founded in 1955 to address a severe housing shortage.
Omotesando retail sells for 6.5 billion Yen
Takara Leben Real Estate Investment Corporation will pay 6.52 billion Yen (approx. 61 million USD) to acquire the trust beneficiary rights to the Almost Blue retail building in Omotesando. The sale is expected to take place this month.