Office rents on the rise as Shibuya returns as Japan’s IT hub
The major redevelopment projects currently underway around Shibuya Station are, as expected, pushing up office rents. The announcement that Google Japan will relocate their head office to the recently completed Shibuya Steam building next year has heralded the return of Shibuya as Japan’s ‘Bit Valley’ and has been the driving force behind the district’s booming office market.
Tadao Ando designed house in Shibuya now under offer
Blink and you’ll miss it. The Tadao Ando-designed house for sale in the heart of Shibuya went under offer last week.
1 in 5 apartments in Toyosu was listed for sale in the past 12 months
Over the past 12 months, Toyosu Station on the manmade island of Toyosu in Tokyo Bay has seen the highest number of apartments listed for resale in the greater Tokyo region. According to Tokyo Kantei, there have been 3,720 apartments listed for resale in the vicinity of this station accounting for 22.7% of the total apartment stock in the neighborhood. The average apartment age was 11.3 years.
Kanazawa luxury condo now over 60% sold
Sales in Ishikawa Prefecture’s most expensive condominium have gone exceedingly well with the building now over 60% sold. The Residence Kanazawa is located in front of Kanazawa Station and forms part of the Hyatt hotel development.
Tokyo apartment sales in October 2018
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of October 2018:Read more