Kobe City sells part of Harborland to developer
Kobe City has sold part of the Kobe Harborland site to Itochu Corporation.
A 4200 sqm block of land in Higashi Kawasakicho 1 Chome was sold for 3.12 billion Yen (38 million USD). Itochu are planning to build a condominium on the site. Under the arrangement, the condominium will include a nursery school.Read more
Asahi Kasei to rebuild two condominiums in Shibuya
Asahi Kasei Fudousan Residence Corp will be rebuilding two small apartment buildings in Shibuya-ku.
The first is "Udagawacho Jutaku" (3-3 Udagawacho) which is located alongside "Shibuya Koen Dori Avenue and next to the Shibuya Tobu Hotel. The street includes stores such as Parco, Gap and Opening Ceremony. The current 7-storey building has just 16 apartments and was completed in 1961. Approval from all apartment owners was obtained in September 2010 and demolition began last month.Read more
Carparking as an economic indicator
The Nikkei's Sumai section has an interesting table showing the change in the ratio of carparks to apartments in new buildings across greater Tokyo.
Same day sell-out in Terrace Shibuya Mitake
All apartments made available for sale during the first round of sales for brand new condominium "Terrace Shibuya Mitake" have sold out on the same day.
On March 10, the 90 apartments listed for sale received 197 applications. The average number of applications to apartments was 2.18, and the highest was 13 on one apartment.
Apartments ranged in price from 37.8 to 184 million Yen and the average price is 1,381,000 Yen/sqm (1565 USD/sqft). The average age of the applicants was 49.5 years and their average income was 19 million Yen per year (232,000 USD).Read more
Waterras Tower Residence Sold Out
Apartments in the brand new, luxury high-rise condominium "Waterras Tower Residence" have now been completely sold out, just weeks before the building is scheduled to be completed.
The 41-storey mixed-use building has a total of 333 apartments of which 253 were made available for sale. Prices ranged from 55.8 to 300 million Yen with the average apartment priced at 1,225,000 Yen/sqm. Apartments range in size from 45.14 ~ 146.93 sqm (485 ~ 1581 sqft). Approximately 30% of the apartments were priced over 100 million Yen.Read more