Tokyo apartment prices from 1992 to 2020
I want to share an interesting chart below showing the change in existing (not brand new) apartment prices from 1992 to 2020.
Tokyo office tower could be up for grabs for US$2.9 billion
Advertising and public relations giant Dentsu Group is considering selling their head office building in Shimbashi, Tokyo. With an estimated price somewhere around 300 billion Yen (approx. US$2.9 billion), this could end up as Japan’s most expensive single-building sale. Several potential buyers are apparently already lined up.
Our Japan Property Market Report for 2020
Last year was full of upheaval. Focusing solely on the real estate side of things, some sectors performed poorly, while others thrived. We have summarized the year’s events into our annual Japan Property Market Report.
Quick real estate news summary for the week
Tokyo’s office vacancy rate reaches 4.49%, 693-room hotel to be built in Roppongi, while other hotels temporarily close. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Government may introduce notification requirements for foreign buyers of sensitive land
The government is considering introducing legislation that would require advance notice to be submitted when a foreign national is purchasing land in or nearby areas considered to be of national importance. The draft bill is expected to be submitted to parliament sometime this year.
Japan property price index for September 2020
The latest property price index for Japan was released by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) on December 25.
Apartment rents in Tokyo hit record high in 2020
In spite of the widespread coronavirus pandemic and a state of emergency disrupting schools and workplaces, the average advertised rent of a condominium-type apartment across greater Tokyo hit the highest level on record in 2020.