Tokyo second-hand apartment transactions reach highest level since 1990
August was a bumper month for second-hand apartment sales in greater Tokyo. In fact, it was the busiest month of August since REINS began recording data in May 1990.
Foretseine Shibuya Tomigaya showroom to open later this month
Real estate developer Mori Trust will be opening the showroom for its latest luxury condominium in Tokyo on September 26. The low-rise condo is located near Yoyogi Park and the bustling Shibuya shopping district.
Design for new Harajuku retail building released
The exterior and rooftop design for the newest retail complex at the crossing above Meiji-Jingumae Station in Harajuku has been released.
Japan’s biggest building-to-be just got a little bigger
The trillion-Yen Tokiwabashi Project, under development by Mitsubishi Estate near Tokyo Station, has had an exterior redesign and a few floors added. With an expected height of 390 meters, this will be Japan’s tallest building when completed in 2027.
Quick real estate news summary for the week
Investors re-start protests outside troubled bank, residential tenants change their priorities, and Kanazawa hotel projects feel the pain of the pandemic. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Tsukiji Fish Market site might be up for sale
The now-vacant site of the former Tsukiji Fish Market might be put up for sale, according to the Mainichi Shimbun newspaper. The 23-hectare waterfront site is within walking distance to Ginza. Its massive size and location make it an appealing target for developers.
Bank to provide mortgage relief for new borrowers
In a tie-up with insurance company BNP Paribas Cardif, Sumitomo Mitsui Trust Bank will soon start offering a mortgage payment exemption option for borrowers who have been fired or lost their job due to corporate bankruptcy.