For Sale: 3 buildings owned by Japan Tobacco

roppongi-arents-exteriorJapan Tobacco have recently put three of their buildings in central Tokyo up for public sale and are currently accepting bids. The properties for sale are:

- Roppongi Arents (Residential)

- JT Ebisu Minami Building (Commercial)

- Alive Nanpeidai II Building (Commercial)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 Omotesando Project

omotesando-project-dec-2010

Located at the Harajuku crossing and between the JR Railway lines and Co-Op Olympia, this 2,860sqm site has been sitting vacant for a few years now.

In August,2005, Raysum purchased the site and former building from Seibu Holdings and had plans for redevelopment. The total cost of the planned project was 40 billion JPY (an estimate from 2006 report).  Construction was initially scheduled to start in April, 2007 and be completed by March, 2009.Read more

by Zoe Ward

Inheritance tax changes

The Japanese Government's Select Committee on the Taxation System (seifu-zeiseichosakai) announced a new policy to reduce the fixed inheritance deduction from 50,000,000 JPY+10,000,000 JPY per inheritor to 30,000,000 JPY+6,000,000 JPY per inheritor. The announcement was made at a general assembly meeting on December 13th.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

Homat Capital: Price history over the years

Homat Capital

Apartments in this building have doubled in value since it was built in 1980. The average price when this apartment was first built in 1980 was 515,000 JPY/sqm (575 USD/sqft). In the midst of the financial bubble, the average price in 1991 was 5,750,000 JPY/sqm (6,435 USD/sqft) - a price increase of 1117% !Read more

by Zoe Ward

New earthquake retrofitting law to be introduced in 2011

In the event of an earthquake in Tokyo the major roads will be used by emergency vehicles. To reduce the risk of buildings collapsing onto these major roads, regulations to enforce building owners to conduct earthquake retrofitting are being put in place.Read more

by Zoe Ward