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
Tokyo sees 34% increase in sales of apartments priced over 100 million Yen
According to REINS, a total of 1,867 second-hand apartments were reported to have sold in the Tokyo metropolitan area in March 2023, up 10.4% from the previous month and up 3.4% from last year.Read more
2,800 reservations as Athlete’s Village high-rise prepares to go on sale
Sales in the 50-story high-rise in the former Athlete’s Village are scheduled to start this June, with the most expensive apartment priced in the 349 million Yen (US$2.64 million) range.Read more
Komatsu to redevelop Akasaka HQ
On April 4, Komatsu announced plans to redevelop its headquarters in Akasaka, Tokyo.Read more