Mitsui Real Estate ties up with Beijing Homelink

January 30, 2011Foreign buyers of real estate in JapanReal Estate News

Mitsui Real Estate Sales announced a new venture with Beijing Homelink Real Estate Service Brokerage, the biggest property agency in Beijing, to offer brokerage services for wealthy Chinese looking to purchase apartments in Japan.

Mitsui is also considering starting a specialized property consulting service in Beijing in 2011.Read more

by Zoe Ward

Gunma Golf Course For Sale

January 23, 2011Japan Golf Courses,Gunma PrefectureLand

Price: 150,000,000 JPY
Size: 664,690 sqm

SOLD

A par-72, 18 hole hillside golf course is for sale in Gunma Prefecture. The property is spread over 66 hectares and is a 2 hr drive west of Tokyo.

The grounds include a 4-storey clubhouse / hotel with an interior size of 5697sqm (61,300 sqft) and 37 rooms that can accommodate 150 guests. The golf club officially closed down in 2007 and has not been maintained since then.Read more

by Zoe Ward

Renting vs. buying in Japan: How to cut your rent by up to 50%

January 23, 2011Tokyo

Japan's real estate market offers relatively high rental yields. Coupled with a low cost of funds (1% floating interest rates from Japanese banks, although rates on investment loans may be higher) the net return is one of the most appealing features to many investors.

The typical gross rental yield for an apartment in central Tokyo is between 4-6%. This may be as low as 2~3% for a high-end luxury expatriate apartment, and over 10% for a studio or one-room type apartment in an older building.Read more

by Zoe Ward

Central Tokyo prices up 1.9% in 2010

January 16, 2011Real Estate News,Market Information,Tokyo

On January 13th, 2011, Mitsui Fudosan announced the 2010 residential price movements. Prices in Tokyo rose 1.0% in 2010, compared with a 4.5% decline in 2009 after the Lehman Shock. This is the first increase since 2007. An improvement in economic conditions as well as the expansion in mortgage tax reductions were cited as reasons for the increase. For Tokyo's 23 Wards, the price increase was 1.9%. In Yokohama and Kawasaki, the prices increased by 0.4%.Read more

by Zoe Ward

Minato-ku apartment prices increased 61% over past decade

January 10, 2011Real Estate News,Market Information,Tokyo

An apartment consulting company, Total Brain, has analyzed condominium apartment prices in Tokyo's central 6 wards (Minato, Shibuya, Shinjuku, Chiyoda, Chuo and Bunkyo ku) from the year 2000 to 2010.Read more

by Zoe Ward

Azabudai Parkhouse (Leasehold)

January 2, 2011LeaseholdNew Construction,Tokyo

azabudai-parkhouse-ex2

Price when new: 65 - 840 million JPY
Size range: 45 - 325 sqm (484 - 3500 sqft)
Average price/sqm: 1,720,000 JPY

Note: This building in on leasehold land. 

Azabudai Parkhouse has a 51 year fixed land lease - the land is leased from the Tokyo American Club. At the end of the lease, the building must be demolished and returned to the landowner.Read more

by Zoe Ward

New Apartments in Tokyo in 2011

January 1, 2011New Construction,Tokyo

The following is a list of some of the residential apartments in central Tokyo that will be completed in 2011. Click on the links below for details on each unit.Read more

by Zoe Ward