High apartment prices now spreading to the rental market
Would-be buyers, priced out by the ever-increasing sale price of apartments in central Tokyo, are turning to rentals, causing it to swing to a landlord’s market. A recovery in corporate earnings and pay-rises is also expanding renters’ budgets.Read more
Population in Tokyo’s Chuo ward reaches 70-year high
The population of Chuo Ward in central Tokyo reached 174,074 residents as of January 1, 2023. This has exceeded a previous record of 172,183 set in January 1953.Read more
Appliance manufacturer acquires Forest Hills in Omotesando
Rinnai Corporation has acquired Forest Hills East and West in Omotesando for an undisclosed price. The two buildings have a total floor size of 5,551 sqm (59,700 sq.ft) and sit on 1,843 sqm of land in the Minami Aoyama 4 Chome address.Read more
Real estate transaction volume drops 25% to 2.1 trillion Yen
Real estate transaction volume for the second half of 2022 was 2.1 trillion Yen (approx. US$15.7 billion), according to the Japan Real Estate Institute. This was a 25% drop from the second half of 2021.Read more
Tokyo rents continue 3-month record-high streak
In March, average apartment rents in Tokyo, Kanagawa, Saitama and Chiba all saw a year-on-year increase due to both a continued increase in the share of newer apartments commanding higher rents as well as being the peak moving season. Read more
Developers bow to government pressure to limit speculation on Harumi Flag apartments
Demand for apartments in Harumi Flag has reached such an unprecedented level that the developers have had to quickly implement some changes to quell speculative buyers and satisfy the Tokyo metropolitan government.Read more
Recent off-market listings
Some recent sale listings we have seen over the past week. Please send us an email if you would like additional details. The commercial side of the real estate industry in Japan is mostly conducted off-market which means we cannot share much information publicly.Read more