Chinese Embassy buys land in Minamiazabu

The Chinese Government has purchased a 5677 sqm block of land in Minamiazabu. The Japanese Foreign Minister, Takeaki Matsumoto, said there is no reason for the Government to oppose the purchase.

The land was put up for sale by open tender by the Federation of National Public Service Personnel Mutual Aid Associations (KKR). It is thought that China paid 6 billion Yen (78 million USD) for the site.Read more

by Zoe Ward

Temporary upswing in real estate market in Sendai

The 2011 rosenka land valuations released by the National Tax Agency on July 1st showed a decline in land prices across Japan for the third continuous year. Concern is rising, however, over a large scale crash in prices in areas of Northern Japan that were affected by the Tsunami and Fukushima Daiichi Nuclear Power Plant where real estate transactions have almost ceased.

Sendai City, on the other hand, is experiencing a hike in emergency demand from displaced residents.Read more

by Zoe Ward

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

minamiaoyama4121

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

More areas in Japan see increases in land prices

japan-land-price-movements-mlit

On February 24, 2011, the Ministry of Land, Infrastructure and Transport (MLIT) announced the latest Japan-wide land price trends in their "Land Price LOOK Report" for January 1, 2011.

Of the 150 surveyed districts across Japan, 16 districts recorded increases in land prices compared to the previous period. Some of the areas which reported price increases are:Read more

by Zoe Ward

2010 Land Price Survey of Tokyo

The results of the 2010 Land Price Survey of Tokyo have been explained in an English report by the Tokyo Association of Real Estate Appraisers.

Some of the key points from the report are summarized below:

  • Some locations in Tokyo's 23 wards saw flattening land prices
  • Some areas saw increases over 6 months
  • Land prices are expected to moderately recover
  • Growth in the condominium market has increased demand for blocks with development potential
  • Residential land is expected to fare better than commercial land

The full report can be read here.

by Zoe Ward

[Foreclosed] Land in Minamiaoyama 2 Chome

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

Gunma Golf Course For Sale

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