Old Andersen bakery in Hiroshima to be demolished
The 88-year old Andersen bakery in Hiroshima is going to be demolished and rebuilt by Andersen Group as repairs and upgrades to the existing building prove too costly.
The renaissance style building was designed by architect Uheji Nagano and completed in 1925. It was originally the Hiroshima branch of the Teikoku Bank (which later merged to become part of the Sumitomo Mitsui Banking Corporation). Mr. Nagano designed a number of buildings for the Bank of Japan, including their head office which still stands in Nihonbashi, Tokyo.Read more
New 44-storey apartment building for Akasaka
The Akasaka 9 Chome North District Redevelopment is scheduled to begin construction in October 2014 with completion in March 2017. The project will include a 44-storey 170m tall residential building with 330 apartments.
The developer is Mitsui Fudosan Residential, so if this becomes a condominium (rather than a rental-only building) then it could possibly be branded as one of their 'Park Court' series of apartments. Read more
Akasaka 1 Chome Redevelopment to begin in January
Nippon Steel Kowa Real Estate have received approval from the governor of Tokyo to convert the ownership rights as part of their Akasaka 1 Chome Redevelopment.
The 16,000 sqm site is adjacent to Tameikesanno Station and across the street from the US Embassy in Akasaka. The project was approved in August 2012.
Demolition of the existing buildings is expected to begin in January 2014 with construction starting in August. Completion is expected by April 2017.Read more
482 apartments sold in Tomihisa Cross, Shinjuku
Although the building won't be ready to move into for another two years, all 482 apartments released in the first round of sales in Tomihisa Cross Comfort Tower sold out instantly during the initial sales period in mid-September.
New development in Kachidoki to have over 3,000 apartments
The proposed Kachidoki East District Development on the man-made island of Kachidoki in Tokyo Bay will have over 3,000 apartments when completed, making it the largest residential project in Japan.
The development includes three residential towers with a total of 3,020 apartments. This will be larger in scale than the nearby 'The Tokyo Towers' which has 2,794 apartments. Read more
New apartment prices in August
According to the latest data from the Real Estate Economic Institute, a total of 4,145 brand new apartments were released for sale across greater Tokyo in August, up 53.3% from last year. This is the supply of apartments in the month of August since 2005.
Of those, 3,378 were sold making the contract ratio 81.5%.
Meanwhile, a total of 2,250 second-hand apartments were also sold in greater Tokyo during the month.
The average price of a new apartment was 47,960,000 Yen, up 0.5% from last year. The average price per square meter was 677,000 Yen, down 2% from last year.Read more
The Parkhouse Grand Chidorigafuchi Sold Out
All apartments available for sale in The Parkhouse Grand Chidorigafuchi have already sold out. 22 apartments ranging from 160 ~ 542 million Yen (1.61 ~ 5.46 million USD) were offered for sale earlier this month.
A total of 112 purchase applications were made, with each apartment received an average of 5.09.Read more