Market prices for apartments along the Hibiya Subway Line in Tokyo

July 29, 2011Market Information

The following data was published by Tokyo Kantei in July, 2011, and is based on the asking prices for apartments for sale on the secondary market along the Tokyo Metro Hibiya Line. The most recent data for 2011 is based on listing prices from March to May.

The apartment price in the table below is the price in Yen per square meter. The number in brackets is the average apartment age in years.Read more

by Zoe Ward

Sweden Hills, Hokkaido

July 28, 2011Hokkaido,Hokkaido Holiday Homes,Hokkaido Real Estate,Sweden HillsHokkaido

sweden-hills-hokkaido-1

Planning of the Sweden Hills neighborhood began in 1979 and construction started in 1984. The idea began after the Swedish Ambassador visited Tobetsu Town and remarked how similar the atmosphere and scenery was to his native Sweden. Tobetsu Town's sister city is Leksand in Dalarna County, Sweden.Read more

by Zoe Ward

Japan's very first high-rise public housing condominium

July 26, 2011Miyamasuzaka,Shibuya,Shibuya Apartment,Miyamasuzaka Building,Miyamasuzaka ApaatoRedevelopment & Reconstruction

Miyamasuzaka Building Shibuya 1

Miyamasuzaka Building / Apartment

  • Built in 1953 (58 years old)
  • As seen in 2002 horror film "Dark Water"
  • Apartments sold for between 600,000 ~ 1,000,000 Yen when brand newRead more

by Zoe Ward

Average secondhand apartment prices for June only increase in Osaka

July 24, 2011Real Estate News,Market Information

Tokyo Kantei has announced the average sale prices for secondhand apartments across Japan for the month of June, 2011.

In the greater Tokyo area, the average price was 29,750,000 Yen (376,580 USD). This is a fall of 0.7% from the month before, and a fall of 3.5% from June of 2010. It is also the first time in 17 months that prices have fallen.Read more

by Zoe Ward

Apartment being built directly on top of fault line

July 21, 2011Earthquake fault lines,Osaka,ToyonakaBuyer Beware!,New Construction,Osaka

In Toyonaka City, Osaka, construction work is continuing on a 14-storey apartment building on a site that is directly above an active fault line.

"Uniheim Senri Momoyamadai" is located in Higashi-izumigaoka 3 Chome and is directly above the Butsunenjiyama Fault - an active fault line that runs from the north of Toyonaka and south to Suita in Osaka. It is an extension to the Uemachi Fault, a relatively active fault line which has a 2~3% chance of producing an earthquake within the next 30 years, and a hypothesized magnitude of 7.2 would result in an estimated death toll of 42,000.Read more

by Zoe Ward

Historic lodging house "Hongokan" to be demolished in August

July 20, 2011Bunkyo,Hongo,Hongokan,Traditional Japanese ArchitectureDemolition,Historic Properties,Real Estate News,Tokyo

hongokan-exterior-1

Built in 1905, Hongokan is Japan's oldest 3-storey wooden lodging house. The L-shaped building has approximately 70 rooms and a total floorspace of 1500 sqm which is very large in scale for a wooden structure.

It was built by an aristocratic family from Gifu Prefecture and was initially used as a boarding house for the Tokyo Girl's Highschool (now known as Ochanomizu Women's College), but soon became a high-grade lodging house that provided luxury accommodation.Read more

by Zoe Ward

Tokyo office rents at historically low levels

July 19, 2011Commerical Rent,Japan Office,Japan Office Rent,Tokyo Office,Tokyo Office Market,Tokyo Office RentOffice/Retail News & Information,Real Estate News,Rental Market,Market Information

Miki Shoji announced on July 7 that office rents for commercial properties in central Tokyo have fallen 4% in the past 12 months and are now at the lowest levels ever seen since data collection began.

A major contributing factor to this fall are the companies who are seeing lower earnings as a result of the March 11 Tohoku disaster and can no longer pay high rent for their office space.Read more

by Zoe Ward