Minato-ku apartment prices increased 61% over past decade

An apartment consulting company, Total Brain, has analyzed condominium apartment prices in Tokyo's central 6 wards (Minato, Shibuya, Shinjuku, Chiyoda, Chuo and Bunkyo ku) from the year 2000 to 2010.

The average apartment price in all of these areas has risen, but Shibuya had the lowest price increase. The area with the highest increase in average prices was Minato-ku with an increase of 61%.Read more

by Zoe Ward

Asian buyers are top foreign purchasers in Japan

The Wall Street Journal has an interesting article on the shift among foreign buyers of Japanese real estate.

Asian buyers, both corporate and individual, made 18 real estate acquisitions in Japan in 2010 for a total of USD 372 million. US buyers made 3 deals totalling just USD 6 million.Read more

by Zoe Ward

The Top 10 Most Expensive Apartments for Sale in Tokyo

tokyo-most-expensive-apartments

The following is a list of the top 10 most expensive apartments for sale in Tokyo (as of December, 2010):Read more

by Zoe Ward

Strong demand for Nomura Proud Series of apartments

proud-city-akabaneNomura Real Estate Development's "Proud Series" of condominiums have seen strong sales and same-day sellouts for many of their buildings.

At the end of November, Proud City Akabane in Tokyo's Kita-ku had received purchase applications on all 214 units released for sale in the initial offering. The second offering will begin in early January. The apartment building is still under construction and completion is expected by the beginning of November, 2011. There are a total of 284 units priced from 41.3 - 108.8 million JPY and sized between 58.92 - 100.32 sqm.Read more

by Zoe Ward

Tokyo's most expensive rental apartments

La Tour Aobadai
La Tour Aobadai

The Real Estate Economic Institute has released a report on the luxury rental apartment market in Tokyo's 23 Wards. Luxury apartments were defined as having a monthly rent of 300,000 JPY or higher. The findings are translated below:Read more

by Zoe Ward

Japanese Land Values Decline at Slower Rate

A recovery in housing demand is slowing the decline in land values in Japan, according to a survey by the Ministry of Land, Infrastructure, Transport and Tourism.

Of the surveyed locations, 45 had no decline in value, with 3 of those sites reporting an increase in value. Compared to results from previous quarters, the total number of locations reporting a decline in values was 70%, down from 82% from the last quarter, and 96% from the quarter before that.

Continue reading the full article at Bloomberg here.

by Zoe Ward

Apartment prices from 2007-2010

According to the following data, the average sales price per square meter of existing apartments in Tokyo appear to be increasing and are now on level with prices in mid-2007.  Average prices for 2010 have continued to surpass the 2009 prices.

The following charts are provided by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT).Read more

by Zoe Ward