Greater Tokyo second-hand apartment sales reach highest level in history
Reported sales of second-hand apartments across greater Tokyo in April 2019 reached 3,440 units, up 6.3% from the previous year and the highest level seen for the month of April since REINS began collecting data in 1990.
Sold Out: The Peak Azabu Nagasaka
On April 16, Odakyu Real Estate announced that all apartments in the newly-renovated The Peak Azabu Nagasaka condominium had sold out in March.
Tokyo Apartment Sales in April 2019
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of April 2019:
Apartment age and pricing
One essential point to know about the property market in Japan is how the building age can affect pricing, both for sale and rental. When you are looking to buy or rent an apartment or house, newer construction is typically going to cost more on a price-per-square-meter basis than older buildings.
Greater Tokyo’s compact apartment market in 2018
According to the Real Estate Economic Institute’s report on the compact apartment market, smaller apartments are starting to account for a larger share of total supply.
Modernist house-turned-restaurant in Shirokane closes its doors
Located in a quiet and wealthy residential neighborhood just minutes from Shirokane sits a small and unassuming modernist house. Until late last year, this home was the Kamikozawa-tei shabu-shabu restaurant serving small groups of customers.