Tokyo Apartment Sales in January 2020

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2020:

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Greater Tokyo sees net inflow in population for 24th year

The population of the greater Tokyo area (Tokyo, Kanagawa, Saitama, and Chiba) saw a net inflow in 2019 of 148,783 new residents, a 6.4% improvement from 2018, and the 24th year in a row to see positive growth.

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New apartment supply in 2019 reaches lowest level in 27 years

The Court Jingu-Gaien was home to the expensive apartment in Tokyo in 2019.

In 2019 a total of 31,238 brand-new apartments were released for sale across greater Tokyo, down 15.9% from 2018 and the first time in three years to see an annual drop. Supply has dropped to a third of the level seen in 2000.

Tokyo’s 23 wards saw a 13.9% drop, while Kanagawa saw supply fall by 12.5%. 

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400-meter long building for Nagoya Station area

Four developers are working towards a large-scale redevelopment that will see a 400-meter long, 30-story mixed-use building for the Nagoya Station area. 

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Existing apartment prices in Tokyo up 3.4% in 2019

The average asking price of a 70 sqm (753 sq.ft) existing apartment in Tokyo's 23 wards reached 55,660,000 Yen in 2019, up 3.4% from 2018. The average building age was 24.5 years, up from an average of 23.5 years in 2018.

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Toranomon Hills Business Tower reaches completion this month

Construction of the 183-meter tall Toranomon Hills Business Tower was officially completed on January 21. The 36-story tower, designed by Ingenhoven Architects, forms part of Mori Building’s ongoing redevelopment of the Toranomon district. 

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New apartment supply in December drops 14.3%

According to the Real Estate Economic Institute, a total of 6,392 brand-new apartments were released for sale across greater Tokyo in December, up 94.1% from the previous month but down 14.3% from the previous year. 

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