Sumitomo announces new high-rises for Harumi

June 16, 2013New Apartments in Tokyo,Harumi,Chuo-ku,Deux ToursNew Construction,Real Estate News,All,Tokyo

Sumitomo have announced the name of their high-rise condominium project in Harumi, Chuo-ku. 'Deux Tours Canal & Spa' will be two 51-storey residential towers with 1,450 apartments.

The 1 ~ 4-bedroom apartments will range in size from 44.67 to 123.77 sqm (480 ~ 1331 sqft). Sales are scheduled to begin at the end of November 2013. The buildings will be complete in September 2015, and ready to move-into by March 2016.Read more

by Zoe Ward

Himeji's monorail building to be demolished

June 14, 2013Himeji,Himeji MonorailDemolition,Real Estate News,All

The 10-storey Takaocho Apaato building in Himeji will soon be demolished. The building is jointly owned by the Urban Renaissance Agency (UR) and Himeji City.

It's unusual design was considered ground-breaking for its time. While it was under construction, the city purchased the first four floors in order to build a monorail platform for the Daisyogun Station on the 4th floor. The 3rd and 4th floors were opened up to allow the Himeji Municipal Monorail to pass through the building. As it turns out, the station wasn't used by many passengers as it was only 500 meters from the station at Himeji. It was subsequently closed in 1968. Read more

by Zoe Ward

Central Tokyo apartment prices up 10.2% over 12 months

June 13, 2013Tokyo apartment pricesReal Estate News,Market Information,All,Tokyo

According to REINS, the number of second-hand apartment sales in Tokyo City in May were up 41% from May of last year. Sales of second-hand houses were up 6.6%.

A total of 1,530 second-hand apartments and 273 second-hand houses were sold in Tokyo last month. Read more

by Zoe Ward

Residential yields and vacancy rates in Minato-ku - June 2013

June 12, 2013Minato-kuRental Market,Market Information,All,Tokyo

According to listing site Homes, the average yield on an apartment in Minato-ku as of June 2013 was 7.22%. The average yield across Tokyo was 8.3%. The vacancy rate was 9.9% in Minato-ku and 11.0% across Tokyo.Read more

by Zoe Ward

Office vacancy rates in May - Miki Shoji

June 11, 2013Japan Office Rent,Tokyo Office MarketOffice/Retail News & Information,Real Estate News,Market Information

Miki Shoji released their Office Report for the month of May 2013. Vacancy rates in Tokyo's central business districts (Chiyoda, Chuo, Minato, Shinjuku and Shibuya) dropped by 0.21 points from last month to 8.33%. This is the third month in a row where vacancy rates have reduced.

The vacancy rate in new buildings was 11.10%, down 6.21 points from last month. Three office buildings were completed in Tokyo in May: Kyobashi East Building, Sumitomo Shoji Kyobashi Building and PMO Yaesu Dori.Read more

by Zoe Ward

Musashikosugi apartment boom (and bubble?)

June 10, 2013Kawasaki Apartments,Kanagawa Prefecture,Kawasaki City,MusashikosugiNew Construction,Real Estate News,All

Concerns are growing about a possible over-heating in the property market around Musashikosugi Station in Kawasaki City as the area experiences a construction boom.

According to the latest 'koji-chika' assessed land values as of January 1, 2013, commercial land values in Kosugimachi increased 9.9% over the year while residential land values in the same area increased by 9.1%, making it the best performing area in Kanagawa Prefecture.Read more

by Zoe Ward

A forecast of Tokyo real estate prices (2013 ~ 2020)

June 9, 2013rental market tokyoNew Construction,Real Estate News,Rental Market,Market Information,Tokyo

Wondering where Tokyo apartment prices are heading in the next 7 years?

The Japan Real Estate Institute has published their forecast of real estate prices and rental values in Tokyo's 23 wards from 2013 to 2020.Read more

by Zoe Ward