More arrests as land swindles continue
The Tokyo Metropolitan Police Department has arrested three people on suspicion of defrauding a local real estate brokerage of up to 200 million Yen from a land sale back in 2018.
Tokyo apartment asking prices increase for 15th month
According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in Tokyo’s 23 wards was 64,350,000 Yen in September, up 0.1% from the previous month and up 10.4% from last year.
Redevelopment committee formed for Nibancho apartment building
A redevelopment committee has been officially established for the Kojimachi Sanno Mansion in Nibancho, Tokyo. The 51-year old condominium will be demolished next year and replaced with something almost twice as tall and with almost twice as many apartments.
Tokyo Tower to see redevelopment by 2030s
Mitsui Fudosan is embarking on a plan that could see the area under Tokyo Tower redeveloped into a 25,000 sqm retail complex.
No Flat 35 S home loans for new housing in landslide risk zones
Starting this October, the Flat35 S home loan won’t be available to buyers of brand-new homes or land to build brand new homes on in sediment disaster special alert areas (aka Red Zones).
New apartment price in greater Tokyo hits historic high
The average price of a brand new apartment released for sale across greater Tokyo in the first half of the year (April to September) reached the highest level in history.
Renzo Piano to design replacement for Kunio Maekawa-designed building
Tokio Marine Holdings has announced that Italian architect Renzo Piano will be designing the replacement for the Tokyo Marine Nichido Insurance Building in Marunouchi, Tokyo.