Why are there over 70 buyers per apartment in Harumi Flag?
With some apartments receiving over 200 purchase applications this month, buyer demand in the Harumi Flag development on Tokyo Bay has been so astonishingly high that NHK sent a journalist out to see what was going on.
Approval granted for Meiji Jingu Gaien redevelopment
On February 17, the Tokyo Metropolitan Government issued development approval for the 349 billion Yen (US$2.6 billion) Meiji Jingu Gaien redevelopment. This site includes the Prince Chichibu Memorial Rugby Stadium and the historic Meiji Jingu Baseball Stadium.
Tokyo apartment prices increase for 33rd month
The average sale price of a second-hand apartment across greater Tokyo increased for the 33rd month in a row in January, reaching 683,100 Yen/sqm. This was a 6.4% increase from January 2022.
Yuzawa's troubled resort apartments now experiencing a renaissance
The collapsing market for Yuzawa’s cheap ski condos, where a one-bedroom apartment could be purchased for 100,000 Yen (US$760), might have bottomed out, with one local broker reporting that monthly inquiries have doubled since the pandemic started.
Meguro landlord offers free daily breakfast and coffee to tenants
Tenants living in this new apartment building in Meguro will be able to enjoy free daily breakfasts and coffee provided by a hip coffee joint.
Redevelopment committee approved for 228m+ Shinjuku towers
On February 1, the Tokyo Metropolitan Government approved the formation of the redevelopment committee for the Nishi-Shinjuku 3 Chome West District Redevelopment. This project will see the creation of two 62 and 63-story high-rise towers containing over 3,200 apartments.
An updated look at Tokyo apartment prices since 1992
With the latest data for 2022 released by REINS last month, let’s take a look at the average sale price of a second-hand apartment across greater Tokyo over the past 30 years.
Ginza landmark to be demolished
Demolition of the San'ai Dream Center, a landmark building on the Ginza 4 Chome intersection, will start next month. The circular building was designed by Shōji Hayashi, chief architect of Nikken, and completed in 1963. In 2003 it was chosen by DOCOMOMO Japan as one of the buildings that represent the modernist movement.
Kenzo Tange-designed gymnasium to be demolished
Despite the best efforts of preservation groups and years of deliberations by local government, the brutalist curved concrete Kagawa Prefectural Gymnasium is heading to demolition, with the prefecture setting aside a budget of 46 million Yen to tear down the landmark building.
Tokyo Apartment Sales in January 2023
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2023: