40-storey tower for Shinjuku's Kabukicho
A 225-meter tall, 40-storey tower is planned for the site of the former Shinjuku Tokyu Milano movie theatre in Kabukicho. Construction is expected to start in July 2019 with completion tentatively scheduled for 2022.Read more
Details released on planned redevelopment in Akasaka 7 Chome
More details have emerged of a possible high-rise apartment tower to be built in the Akasaka 7 Chome address. The Akasaka 7 Chome 2 District Redevelopment may include a 46-storey apartment building on the western side of the site with a maximum height of 157 meters, along with a 5-storey commercial/retail building on the eastern side of the site.Read more
Details released on luxury apartment tower for Shibuya City Office redevelopment
Additional details have been released for the residential apartment tower planned as part of the Shibuya City Office redevelopment. The new high-rise will be called Park Court Shibuya The Tower. The 39-storey apartment building will have 505 apartments, of which 355 will be made available for sale. Apartment sizes will range from 40 ~ 208 sqm (430 ~ 2,238 sq.ft).
This will be a leasehold property with the land to be returned to Shibuya City at the end of the 70-year term. The redevelopment of Shibuya’s City Hall will partly be covered by the land leasehold revenue. The new city hall buildings are due to open in January 2019, while the adjoining public hall will open in the following May.Read more
Bidding restarted for Sengaku-ji Station high-rise apartment tower
A 160m tall apartment tower is planned for a site located above Sengaku-ji Station in Minato-ku, Tokyo. The project covers a 13,000 sqm site located on the eastern side of the Daiichi-Keihin Road, with the Yamanote train tracks running along the western side. This is reclaimed land that was once part of Tokyo Bay.
In February it was announced that a joint venture between Kajima Corporation, Tokyu Land and Keikyu Corporation had successfully bid on the development. On April 4, the Tokyo Metropolitan Government announced that their bid was disqualified after charges were filed against an executive from Kajima Corporation for allegedly colluding on a bid for the new high-speed maglev train. Read more
53-storey condominium tower for Hiroshima
A 53-storey, 178m tall condominium is planned for downtown Hiroshima with completion scheduled for April 2020. This will be the tallest condominium based on total floor count to have been built across the Chugoku, Shikoku and Kyushu region since 1994.
‘hitoto Hiroshima The Tower’ is a 665-unit high-rise with 2 ~ 4 Bedroom apartments ranging in size from 55 ~ 143 sqm (592 ~ 1,539 sq.ft). A 80 sqm apartment on the 18th floor is expected to be priced in the 50 million Yen range (approx. 470,000 USD). Sales are scheduled to begin in mid-April 2018.Read more
New apartments for sale in Tokyo in 2018
Let's take a look at some of the new condominiums that will be completed in central Tokyo this year.
JANUARY
GRAND HILLS MOTOAZABU
Size: 75 ~ 156 sqm (816 ~ 1,681 sq.ft)
Pricing: 175 ~ 850 million Yen
Located in a hilltop position atop the Motoazabu district The 5-storey building has 32 spaciously-sized apartments and is 300 meters from the Azabu Juban restaurant street and 800 meters from Roppongi Hills. Prices range from 2,300,000 ~ 5,500,000 Yen/sqm.Read more
New apartment prices in Greater Tokyo up 7.8% in February
According to the Real Estate Economic Institute, 2,490 brand new apartments were released for sale across greater Tokyo in February, up 28.7% from the previous month and up 7.8% from last year. The average sale price was 61,280,000 Yen, up 5.8% from last year. The average price per square meter was 889,000 Yen, up 4.3% from last year.
The contract ratio was 65.0%, down 3.4 points from last year and down 0.2 points from the previous month.Read more