Developers to capitalize on aging apartments
Major real estate developers are expanding their apartment re-development business in anticipation of huge demand for reconstruction in the coming years. Both Nomura Real Estate and Tokyo Tatemono are currently converting low-rise old apartment blocks into large-scale developments that are built to the latest earthquake-codes and energy standards.Read more
A first for Kansai: Historic bldg facade preserved in redevelopment
Orix Real Estate announced that they will be preserving the facade of a Taisho-era building and will incorporate it into the new condominium being built on the site. The design of the upper floors will also be in keeping with the original building facade. This is the first example of a condominium in the entire Kansai area that preserved the facade of the former building.
Apartment sales in 'Gran Sanctus Yodoyabashi' began on July 3rd, with 45 of the 60 units being offered in the first release. Apartments range in size from 56.09 ~ 78.83 sqm (603 ~ 848 sqft) and are priced from 37.6 ~ 56.5 million Yen. The average price per square meter is 693,000 Yen.Read more
RYU:X TOWER - Okinawa's latest high-rise apartments
Three of Japan's major developers, Daiwa, Orix and Daikyo, have announced the details of their latest high-rise condominium project in Naha City, Okinawa. Called "RYU:X TOWER", the two 30 storey buildings will have 676 apartments ranging from one to three bedrooms, and priced from 28 to 69.2 million Yen.
The developers were selected by the city in 2006 to redevelop the site. The first stage of the redevelopment including building offices and hotel facilities. The second stage includes the two residential towers.Read more
Tokyo's newest and tallest wood-frame mansion
Tokyo's first 5-storey wooden structure - an apartment building - is to be built near Shimouma in Setagaya-ku.
Under a revision to the Building Standards Act in 2000, wooden structures over 4 stories are permissible as long as they meet building strength and fire resistant regulations. Prior to this amendment, a law made during the Taisho period (1926 - 1926) limited wooden structures to 3 stories.
Although the amendment was made 12 years ago, it has not been widely taken up by the construction industry. In Tokyo city, just one 4-storey wooden residence was built in Chiyoda-ku in 2011.Read more
Tokyo's office construction boom and it's repercussions
The construction of new office buildings in central Tokyo is steadily progressing. In January, Mitsubishi Jisho's Marunouchi Eiraku Building was completed. In Spring, JP Tower and the Palace Building were completed, and Otemachi Financial City will be completed in fall.
According to the Urban Research Institute Corporation, the total supply of commercial office space in 2012 will reach 2,680,000 sqm (28,836,800 sqft). This is close to the past decade's peak of 2,980,000 sqm in 2003. A quarter of the office supply is located in the Marunouchi area on the western side of Tokyo Station.Read more
Proud Minamiazabu on sale from today
Apartments in Proud Minamiazabu go on sale today. 64 of the 88 units will be available for sale in the first round and prices range from 60.9 to 490 million Yen, with an average price of 1,257,000 Yen/sqm.Read more
Introducing Ark Hills Sengokuyama Residence
The latest condominium / office project by Mori Building.
*Updated with floorplans and interior images*
Built to a global luxury standard that Mori Building is renowned for, Ark Hills Senkokuyama Residence will undoubtedly be the finest apartment offering in Japan this year. The 243 apartments will have one to five bedrooms and range in size from 56.34 to 416.55 sqm (606 ~ 4482 sqft) and priced from ¥66.3 million to ¥1.35 billion.Read more