Tokyo's most expensive rental apartments

La Tour Aobadai
La Tour Aobadai

The Real Estate Economic Institute has released a report on the luxury rental apartment market in Tokyo's 23 Wards. Luxury apartments were defined as having a monthly rent of 300,000 JPY or higher. The findings are translated below:Read more

Nakagin Capsule Tower Building


The Nakagin Capsule Tower Building built 1970-1972 is a famous example of Japan’s metabolist movement. Now almost 39 years old, the deteriorating building is plagued with water leaks and asbestos problems.Read more

Asaya Department Store demolition to start later this month

asaya-department-store-ext2The Asaya Department store in Maebashi City, Gunma Prefecture, is scheduled to be demolished with work expected to begin by the end of this year. The city purchased the site from the former owner and have plans for redevelopment.

The 3-storey art deco building was constructed by Yasuzo Kida and completed in 1934. The store was opened by the former owner's great grandfather and was the first department store in Gunma Prefecture. After the war it apparently had a ferris wheel on the rooftop.Read more

UT Building Project (Stalled & Foreclosed)


*Update: As of December, 2010, this building has been foreclosed on and is now up for public auction with a court evaluation price of 1,005,030,000 JPY (12 million USD).*

Located alongside Aoyama Dori Avenue, halfway between Omotesando and Shibuya Stations, this building has been 'under construction' for several years. Construction work stalled at least 2 years ago. Earlier last year there was a crane atop the building, but it has since been removed and there are no signs of life.Read more

Popular Myths about Japanese Real Estate

There is a lot of incorrect and misleading English information floating around about the Japanese real estate market. I chose this recent PR-type article from as a typical example of the type of misinformation.

"Japan real estate remains one of the priciest in the world. Tokyo came fourth in the Global Property Guide's 2009 survey of the world's most expensive markets, behind Monaco, London and Moscow. The average price for an apartment in Tokyo city centre is a staggering US$17,998 per sqm"


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TV Asahi to develop former Zaboo Onsen Site

TV Asashi Nishiazabu Site, December 2010


TV Asahi acquired the Zaboo Onsen in July, 2010. An 18 storey office building with a total floorspace of 18,000sqm and an event hall will be built on the 3,769sqm site . Construction is scheduled to start in Summer, 2010 and should be completed by Fall 2013.Read more

Aoyama Obayashi Building (aka Hanae Mori Building)

Hanae Mori Omotesando 1

The Aoyama Obayashi Building, commonly known as the Hanae Mori Building, is currently undergoing reconstruction. Demolition of the former building started in July, 2010 and is expected to be complete by February, 2011. Construction of the new building is scheduled to begin in April, 2011.

The former building was designed by Kenzo Tange and was completed in 1977.  Tange also designed the Grand Prince Hotel Akasaka which is slated for demolition in 2011.Read more