Tokyo Bayside Condominium Market - From Boom to Bust

June 10, 2011Tokyo apartment pricesReal Estate News,Market Information,Tokyo

Three months have now passed since the Tohoku Earthquake and Tsunami. The affected areas of Tokyo Bay are seeing a growing disparity between the desired purchase and selling prices of condominiums on the secondary market.

Difference of 10 million Yen between buyers and sellers

Buyers are anticipating a huge slump in prices for bayside apartments. On the other side, sellers are still hoping to sell their apartments at pre-earthquake values - a time when the bayside areas were seeing huge rises in popularity.Read more

by Zoe Ward

The 2011 Japan earthquake and what it means for the real estate market

April 12, 2011Edogawa,Japan earthquake,Japan economy,japan real estate market,Liquefaction,Reclaimed land,Tohoku earthquake,Toyosu,YokohamaReal Estate News,Market Information

One month has passed since the March 11 Tohoku earthquake and tsunami. With strong aftershocks continuing and a nuclear disaster that was just upgraded to the maximum level, uncertainty remains over what will happen to the Japanese economy in the short and medium term.Read more

by Zoe Ward

A message from Minato City regarding the Tohoku Earthquake

April 7, 2011Japan earthquake,Liquefaction,minato,Minato-ku,Tohoku earthquake,Tokyo shindo levelReal Estate News

On April 5, 2011, Minato City released the following bulletin:

Damage within Minato-ku as of March 12, 2011

Minato-ku experienced a Shindo level (seismic intensity scale) of lower 5 on March 11. The whole of Tokyo was reported to have a Shindo level of upper 5, but exact levels within Tokyo varied. Click here to read about the Japanese seismic scales.Read more

by Zoe Ward

Damage to Urayasu City and Tokyo Disneyland

March 21, 2011Chiba,Disneyland,Japan earthquake,Liquefaction,Tohoku earthquake,Tokyo Disneyland,Tokyo earthquake,UrayasuReal Estate News

The effects of March 11's earthquake were felt in Tokyo's bayside area which is mostly reclaimed land. There were cases of liquefaction, broken water pipes, gas outages and leaning buildings.

"The north side of our house has sunk about 20cm due to liquefaction and is leaning. Watery sand covered the garden." - reported one resident.Read more

by Zoe Ward

March 11 Earthquake and the condition of Tokyo

March 13, 2011Earthquake damage,Japan earthquake,Tohoku earthquake,Tokyo earthquakeReal Estate News

The initial quake hit early on a Friday afternoon while many people were working. Tokyo's 23 Wards recorded a Shindo Level of 5-upper. Click here to read about the Japanese seismic sales.

Immediately after the quake, shopowners and local residents went to check on each other. Many officeworkers had vacated their buildings and were waiting on the streets when a strong aftershock hit about 30 minutes later.Read more

by Zoe Ward

Nomura to rebuild two apartments in Shirokanedai

March 10, 2011ShirokanedaiDemolition,New Construction,Redevelopment & Reconstruction

Nomura Real Estate Development announced that they have the tender to re-build two adjacent condominium apartments in Shirokanedai, Minato-ku.Read more

by Zoe Ward

Land values in central Tokyo increased as much as 70% since 2000

March 6, 2011Tokyo Land PricesLand,Real Estate News,Market Information,Tokyo

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Land values in prime central Tokyo area have typically increased over the past 10 years. In some areas the increases have been as high as 71%.

Despite the Lehman Shock in 2008 where land prices have fallen, land values in 2010 are higher than they were in 2000.Read more

by Zoe Ward