Residential yields and vacancy rates in Minato-ku - September 2013
September 10, 2013Rental yield in TokyoReal Estate News,Rental Market,All,Tokyo
According to real estate listing site Homes, the average yield on an apartment in Minato-ku in September was 6.0%, up 0.3 points from last month. The average yield across Tokyo was 7.9%, down 0.2 points from August.
The vacancy rate was 9.9% in Minato-ku and 11.0% across Tokyo.Read more
All 1497 apartments now sold out in Proud Funabashi
September 9, 2013Proud Series,Chiba Prefecture,Proud FunabashiNew Construction,Real Estate News,All
All 1,497 apartments in Nomura's 'Proud Funabashi' development in Chiba have sold out. Nomura received a total of 2,919 purchase applications, and over 24,000 people visited their sales showroom since its opening in June 2012.Read more
4-point checklist when buying an older apartment
If you are thinking of buying an older, secondhand apartment in Japan, these are some of the important factors that you need to consider:
[1] What are the building's common areas like?
When inspecting an apartment, it is important that you thoroughly check the building's common areas including the entrance, bicycle and car parking, hallways, garbage disposal room and rooftop (if possible). If a building is well managed and maintained, it will be evident in the common areas. If, however, it is unclean or looking run down, it could be a sign that the building is not being property cared for. Read more
Second-hand homes to receive long-term superior housing certification
September 6, 2013Real Estate News,All
In 2014, the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) will introduce a system to provide long-term superior housing certification to second-hand homes that have been renovated to meet current earthquake-resistant and energy conservation standards.Read more
Apartment voting ratios under review
September 5, 2013Demolition,Real Estate News,Redevelopment & Reconstruction,All
The government may soon introduce new measures to make it easier for old, ageing apartment buildings to be redeveloped. Currently, 100% of apartment owners must agree before their building can be demolished and the land sold, but this ratio may be reduced to 80%.
It is hoped that this will encourage the development of newer and more earthquake-resistant buildings which will improve the safety of neighbourhoods. It may also help to revitalise the real estate market.Read more
Daiwa House aquires development site in Ariake
September 4, 2013Koto-ku,AriakeLand,Real Estate News,All,Tokyo
Daiwa House have acquired a 3.6 hectare development site in Ariake, Koto-ku for 42.17 billion Yen (approximately 424 million USD). The land was sold by the Urban Renaissance Agency (UR).
The site is part of the Ariake North District on a man-made island in Tokyo Bay. It has water frontage on two sides and is walking distance to Odaiba.Read more
All 874 apartments in Osaka high-rise sold out prior to completion
September 3, 2013Osaka real estateNew Construction,Real Estate News,All,Osaka
All 874 apartments in the Osaka Hibiki-no-machi The Sanctus Tower have sold out two years prior to completion.
The 53-storey residential tower is being developed by Orix, Daikyo, Keihan Dentetsu Realestate, Daiwa House and Osaka Gas Urban Development.Read more