Forecast for Tokyo's new apartment market in 2019
On December 20 the Real Estate Economic Institute released their forecast for the new condominium market in greater Tokyo in 2019. A total of 37,000 new apartments are expected to be released for sale, up 0.8% from 2018, while the consumption tax rate increase is anticipated to have only a limited impact.
Nihonbashi’s redevelopment projects between now and 2035
Tokyo’s historic Nihonbashi district continues to transform with several major redevelopments planned between now and 2035. In addition to these new high-rises, there are also plans to move the unsightly aboveground expressway underground, restoring the Nihonbashi river to its original state.
160m tall apartment tower for Nishi Shinjuku 5 Chome
A 43-storey, 160 meter tall apartment tower is planned for the Nishi Shinjuku 5 Chome address in Tokyo. Construction is scheduled to start in mid-2020 with completion by July 2023.
180m tall apartment tower for Toyosu in 2022
A 180m tall, 48-storey high-rise condominium is planned for the man-made island of Toyosu in Tokyo Bay with completion tentatively scheduled for March 2022.
Shibuya Station Sakuragaoka Redevelopment to start in January
Preparation for the Shibuya Station Sakuragaoka Exit District Redevelopment is scheduled to start in January 2019. Demolition of the existing buildings will start in January, with construction of the new buildings to begin in 2020. Completion is expected by late 2023.
Sales details announced for new apartments at Athlete’s Village
Official sales marketing for the Athlete’s Village in Tokyo’s Harumi Island was announced last week. The Athlete’s Village will be completed in time for the 2020 Tokyo Olympics, with the buildings to be converted into a mix of condo-type and rental-type apartments afterwards. Some additional buildings will be completed after the Olympics have finished.
18-storey apartment tower for Minami Aoyama 7 Chome
Sumitomo Realty & Development is planning a 63-meter tall, 18-storey apartment building in Minato’s Minami Aoyama address. There will be approximately 115 apartments in total.