More companies selling off real estate holdings in 2021
This year could see a record number of listed companies sell off real estate holdings, according to data collected by Tokyo Shoko Research.
Real estate tour of Shirokane
Shirokane is an affluent neighborhood known for parks, tree-lined avenues, Imperial estates, fancy restaurants and boutiques. Larger family homes, low-rise (and a few high-rise) apartments can be found. Property prices tend to be on the high end due to the esteemed reputation of the area. Join us on a real estate tour through Shirokane.
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.
Luxury apartment sales surge in Tokyo
The luxury condominium market in Tokyo has been surging in the face of the pandemic.
Greater Tokyo apartment prices increase for 17th month
According to REINS, a total of 3,176 second-hand apartments were reported to have sold across greater Tokyo in September, down 4.6% from last year. This is the 3rd month in a row to see a year-on-year drop in transactions.
Office vacancy rate hits 7 year high
The average office vacancy rate across Tokyo’s five business districts of Chiyoda, Chuo, Minato, Shinjuku, and Shibuya reached 6.43% in September, up 0.12 points from the previous month and the highest level seen since June 2014 when it was 6.45%.
Touring the most expensive residential land in Japan
The Akasaka/Toranomon district is one part of Tokyo that is beating property price trends, despite the pandemic. It is home to the most expensive residential land in Japan. Exploring the neighborhood will help to explain why it is outperforming the others.