Two apartments for sale in Toranomon Hills Residence
| Price: SOLD |
*UPDATE: Both apartments were sold within 3 weeks*
Two apartments are currently for sale in Toranomon Hills Residence. The 247-meter tall landmark tower was developed by Mori Building in 2014 and includes office space on the lower floors, luxury condominium and rental apartments on floors 36-46, the AO Spa & Club on the 37th floor and the 5-star Andaz Hotel on floors 47-52.
Residents can enjoy five-star amenities not found in other apartment buildings in Japan, including bilingual concierge, room service, housekeeping, dry cleaning, catering in conjunction with the Andaz Hotel, event spaces, residential lounges, and the AO Spa and Club with pool and gym. There are also a variety of on-site dining options in the Toranomon Hills complex, such as a rooftop bar on the 52nd floor, and several restaurants and cafes on the ground floors.Read more
Old hotels closing under new earthquake retrofitting rules
Local governments have started to publish earthquake-resistance data on hotels, hospitals, schools and other buildings across Japan. Data on over 12,000 buildings nationwide will be made public.
Kagawa Prefecture was the first prefecture in Japan to release data, with inspection reports on 37 hotels made public. The Tokyo metropolitan government plans to release their findings on buildings later in the capital in the second half of 2017.
Hotels, ryokans, department stores, theatres, aged care homes, schools, hospitals and other public buildings built before 1981, over 3-storeys and with a total floor area of 1,000 ~ 5,000 square meters and over are obligated to carry out an earthquake-resistance inspection, the results of which will be made public by local governments.
The introduction of these rules in 2013 has already led to a closure of several hotels across Japan.Read more
New lending for real estate in Japan reaches record high in 2016
New lending by banks to the real estate sector in Japan in the April-September period was 7.706 trillion Yen (approx. 68.9 billion USD), up 14.7% from the same period in 2015 and exceeding levels seen during Japan’s bubble economy in the 1980s for the second year in a row.
Total new lending by banks and shinkin banks across all industries was 27.376 trillion Yen.Read more
Tokyo apartment asking prices in October 2016
According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo in October 2016 was 36,210,000 Yen, up 2.6% from the previous month and up 13.3% from last year. This is the 10th month in a row to record an increase from the previous month. The average building age was 22.4 years.
In the Tokyo metropolitan area the average asking price was 48,550,000 Yen, up 1.0% from the previous month and up 8.8% from last year. The average building age was 22.0 years.
In Tokyo’s 23 wards the average asking price was 52,450,000 Yen, down 0.4% from the previous month but up 5.4% from last year.
In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya) the average asking price was 70,460,000 Yen, down 2.1% from the previous month but up 1.1% from last year.
In central Osaka, asking prices were down for the 3rd month in a row. Although the decrease may partly be due to an increase in older apartments, the price increase of relatively newer buildings appears to have slowed as prices appear to be peaking out. Central Nagoya, however, saw prices increase for the fourth month in a row.
Nakano’s last surviving thatched-roof house to be demolished
The 160+ year old Hosoda Residence in Nakano, Tokyo, is expected to be demolished soon to make way for a city road. The road plan was enacted in 1966, but, as is the case with many of Tokyo's old road plans, remained dormant for several decades. The city obtained approval from the national government for the road construction in 2015 and plan to have the project completed by 2020.
This is the sole surviving thatched-roof house in Nakano Ward, and a very rare example of a typical farmhouse from the period in Tokyo’s 23 wards. Read more
Kyushu's tallest building to be built by 2019
Nishi-Nippon Railroad is planning a 46-storey apartment building for Fukuoka City. The 152 meter tall building will be the tallest* building in Kyushu when complete in 2019.
The high-rise will be 3 meters taller than Kyushu’s current tallest apartment building - I Tower - which was completed earlier this year and located on the same island. Apartments in I Tower were selling for around 375,000 Yen per square meter when new.Read more