Homat Capital: Price history over the years

Homat Capital

Apartments in this building have doubled in value since it was built in 1980. The average price when this apartment was first built in 1980 was 515,000 JPY/sqm (575 USD/sqft). In the midst of the financial bubble, the average price in 1991 was 5,750,000 JPY/sqm (6,435 USD/sqft) - a price increase of 1117% !Read more


New earthquake retrofitting law to be introduced in 2011

In the event of an earthquake in Tokyo the major roads will be used by emergency vehicles. To reduce the risk of buildings collapsing onto these major roads, regulations to enforce building owners to conduct earthquake retrofitting are being put in place.Read more


Strong demand for Nomura Proud Series of apartments

proud-city-akabaneNomura Real Estate Development's "Proud Series" of condominiums have seen strong sales and same-day sellouts for many of their buildings.

At the end of November, Proud City Akabane in Tokyo's Kita-ku had received purchase applications on all 214 units released for sale in the initial offering. The second offering will begin in early January. The apartment building is still under construction and completion is expected by the beginning of November, 2011. There are a total of 284 units priced from 41.3 - 108.8 million JPY and sized between 58.92 - 100.32 sqm.Read more


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

nakagin-capsule-model-interior

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)

ut-bldg-project-ext-dec-2010-large

*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