Mori moving forward with two long-awaited projects in Roppongi
Mori Building is moving ahead with two major high-rise redevelopment projects in the Roppongi and Azabu/Toranomon districts - the Roppongi 5 Chome Redevelopment and the Toranomon-Azabudai Redevelopment.
Both projects are likely to become landmark buildings and may contain a mix of office, retail, entertainment and luxury apartments. Completion could be as early as 2022.Read more
Consider earthquake resistance when buying real estate in Japan
Nowadays Japan has some of the most rigid earthquake codes, however that wasn’t always the case and older buildings may be more susceptible to earthquake damage than some buyers realise.
Picking a location
Choose a property on solid ground.
Properties on reclaimed land, flood plains, former lakes, ponds, riverbanks, rice fields, or marshes are more susceptible to collapse and tilting from liquefaction. Even newer homes may not be protected from the danger of being built on soft soil.
Building age
Choose a property built after June 1981.Read more
Japan’s tallest and biggest residential project planned for Shinjuku
Nomura Real Estate Development, Tokyo Tatemono and two other developers are preparing to embark on one of Japan’s largest residential developments. Two 235-meter tall, 65-storey apartment buildings are planned for a site on the edge of Shinjuku’s bustling business district. The two towers will contain a total of 3,200 apartments.
Construction is scheduled to start in 2019, with completion by 2026. When complete, the two towers will be the tallest residential buildings in Japan based on floor count, and the largest development based on total apartment count.Read more
Residential yields in Minato-ku - May 2016
According to real estate listing site Homes, the average gross yield on an apartment in Minato-ku in Tokyo was 4.2% in May 2016, down 0.1 points from the previous month and down 0.5 points from last year. The average yield across Tokyo was 6.3%, up 0.3 points from the previous month but down 0.3 points from last year.
The average asking price for a second-hand apartment in Minato-ku was 971,614 Yen/sqm as of May 1, up 0.2% from the previous month and up 11.7% from last year. The average asking price for land was 1,375,151 Yen/sqm, up 0.9% from the previous month and up 13.5% from last year.Read more
Shinagawa apartment building sells out 12 months prior to completion
All 452 apartments in a 20-storey building under construction in Tokyo’s Shinagawa-ku have sold out 12 months prior to delivery.
Ober Grandio Shinagawa Katsushima is a new development by Taisei-Yuraku Real Estate and Haseko Corporation. Is is located on Katsushima - a man-made island built in 1949 as a warehouse district.
Sales were supported by pricing that was comparatively low for the Shinagawa area. 70 sqm (753 sq.ft) 3-Bedroom units were priced from 38 million Yen (355,000 USD), and 80 sqm (861 sq.ft) 4-Bedroom units were priced from 46 million Yen (429,000 USD).Read more
Residential tower planned for site opposite Olympic Stadium
Gaien House, a 52 year old condominium located in a prime position across the street from the Olympic stadium site and Meiji Jingu Baseball Stadium, is about to be demolished and replaced with a 22-storey building containing apartments, commercial/retail space and childcare facilities. The project forms part of the Jingu-Gaien District Redevelopment, which also includes the demolition of the old Kasumigaoka Public Housing blocks, and the construction of new buildings for the Japanese Olympic Committee and Japan Sport Council.Read more
Tokyo Apartment Sales in April 2016
The following is a selection of apartments that were sold in central Tokyo during the month of April 2016:Read more