Traditional Japanese Shophouse in Tokyo for Sale

February 22, 2011Historic Properties,Other Properties,Tokyo

SOLD

This 2-storey shophouse in Koenji, Tokyo, was built over 75 years ago by a “Miya-daiku” master carpenter (Miya-daiku are specialist craftsmen who design shrines and temples). Read more

by Zoe Ward

Japan's largest apartments

February 21, 2011Real Estate News,Market Information

The following is a ranking of the residential buildings across Japan with the largest average apartment size. The original list was published in Tokyo Kantei's [Apartment Data White Paper 1956-2006].

These apartments were built during Japan's real estate bubble in the 1980s and early 1990s - a time when developers could sell units for very high prices. In current times, Japanese developers focus on providing smaller units (eg. 60-80sqm) as these can be sold faster. It is now rare to see a new building where the majority of the units are over 150sqm.Read more

by Zoe Ward

Is it really smart to buy a South-facing apartment?

February 11, 2011Property Purchasing Guide,Real Estate News,Market Information

When looking at an apartment to buy or rent in Japan, everyone is told to look for places that are south-facing as these rooms get the most sunlight throughout the day and year round. Real estate search engines even have "South-facing" as a search option.

As such, South-facing apartments command a premium price over units facing other directions. Many consider North-facing to be the most undesirable as it receives the least direct sunlight. It would seem safe to assume that purchasing a South-facing apartment would be a sure-bet. But is this really the case?

an apartment facing which direction will increase in value after you purchase?

A recent survey by Attractors Lab has shown some interesting results. Read more

by Zoe Ward

[Foreclosed] Land in Minamiaoyama 2 Chome

February 10, 2011Minamiaoyama,OmotesandoForeclosed Properties,Land,Tokyo

Court Evaluated Price: 150,000 JPY (1830 USD)
*UPDATE: The winning bid was 555,556 JPY (6775 USD). A total of 15 bids were made on the land.*

The cheapest (and smallest) land you will ever find in Omotesando. The land is in a laneway just behind Aoyama Dori Avenue and is 200 meters from Gaienmae Station and 660 meters from Omotesando Station.

With commercial land fronting Aoyama Dori valued at anywhere between 5~9 million JPY/sqm and residential land in Minami Aoyama ranging anywhere between 1.2 ~ 1.5 million JPY/sqm, this piece of land at only 78,500 JPY/sqm seems like a great deal, but...

Read more

by Zoe Ward

Japan investment property returns increase by as much as 2% over past 3 years

February 9, 2011Real Estate News,Market Information

Data released by Japanese real estate company, First Logic, has shown the average return from an investment building in Japan has increased by as much as 2% over the past 3 years.Read more

by Zoe Ward

[Foreclosed] Historic Hotel in Hakodate

February 6, 2011Foreclosed Properties,Historic Properties,Hokkaido

Court Evaluated Price: 39,600,000 Yen (483,000 USD)

*Update: The winning bid was 43,695,000 Yen*

A historically listed hotel in Hokkaido’s Hakodate City is up for public auction.

“Auberge Kokian” was built in 1909 in the Wayo-Secchu style of architecture (a blend of Japanese and Western) and constructed from Japanese cypress. It was originally a seafood store called Watanabe Shoten. It was in operation as a restaurant and inn until the end of 2009.Read more

by Zoe Ward

Pro-baseballer sued for not paying sales brokerage

February 2, 2011Real Estate News

A pro-baseball player from the Hanshin Tigers was recently involved in a court dispute over refusal to pay brokerage fees for an apartment he purchased with his wife in Kobe City.

On January 21, 2011, the Kobe District Court ordered Takashi Toritani and his wife to pay 1,000,000 JPY (12,000 USD) to the Kobe real estate agent who brokered the transaction in September, 2009.Read more

by Zoe Ward