March 11 Earthquake and the condition of Tokyo

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Aoyama Cemetary, March 12

The initial quake hit early on a Friday afternoon while many people were working. Tokyo's 23 Wards recorded a Shindo Level of 5-upper. Click here to read about the Japanese seismic sales.

Immediately after the quake, shopowners and local residents went to check on each other. Many officeworkers had vacated their buildings and were waiting on the streets when a strong aftershock hit about 30 minutes later.Read more


Nomura to rebuild two apartments in Shirokanedai

Nomura Real Estate Development announced that they have the tender to re-build two adjacent condominium apartments in Shirokanedai, Minato-ku.Read more


Land values in central Tokyo increased as much as 70% since 2000

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Land values in prime central Tokyo area have typically increased over the past 10 years. In some areas the increases have been as high as 71%.

Despite the Lehman Shock in 2008 where land prices have fallen, land values in 2010 are higher than they were in 2000.Read more


More areas in Japan see increases in land prices

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On February 24, 2011, the Ministry of Land, Infrastructure and Transport (MLIT) announced the latest Japan-wide land price trends in their "Land Price LOOK Report" for January 1, 2011.

Of the 150 surveyed districts across Japan, 16 districts recorded increases in land prices compared to the previous period. Some of the areas which reported price increases are:Read more


Average Price of an Apartment in Shibuya-ku, February 2011

The following price guide is based on current real estate listings for apartments in Shibuya-ku, Tokyo. Actual prices vary depending on factors such as age, location, distance to station, views and so on.Read more


2010 Land Price Survey of Tokyo

The results of the 2010 Land Price Survey of Tokyo have been explained in an English report by the Tokyo Association of Real Estate Appraisers.

Some of the key points from the report are summarized below:

  • Some locations in Tokyo's 23 wards saw flattening land prices
  • Some areas saw increases over 6 months
  • Land prices are expected to moderately recover
  • Growth in the condominium market has increased demand for blocks with development potential
  • Residential land is expected to fare better than commercial land

The full report can be read here.


Traditional Japanese Shophouse in Tokyo for Sale

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This 2-storey shophouse in Koenji, Tokyo, was built over 75 years ago by a “Miya-daiku” master carpenter (Miya-daiku are specialist craftsmen who design shrines and temples). Read more