Why Tokyo’s real estate prices did not crash post-Olympics
Over the past few years, more than a few people told us that property prices in Tokyo were artificially inflated by the coming Olympics and that they were going to wait until the games were over to ‘pick up a bargain’. Since the announcement of the Olympics, there were frequent opinion pieces that predicted property prices would crash immediately after the Olympics.
Apartment sales in Athletes' Village to resume this fall
Sales of the apartments in the Athletes’ Village are expected to resume this fall or later, once the Olympics wraps up.
Athletes Village buyers file claim with Tokyo District Court
As many as 20 buyers of apartments in the Harumi Flag (Athlete’s Village) project have filed a petition for conciliation with the Tokyo District Court seeking compensation due to the delayed move-in date.
Sales in Harumi Flag on hold
On March 30, Jiji Press reported that off-the-plan sales in Harumi Flag have been temporarily suspended and the sales showroom closed. The large-scale condo complex on a manmade island in Tokyo Bay was initially planned to be used as the Athletes Village for the 2020 Olympics, but the postponement of the games has thrown a wrench into the scheduling of the post-Olympic refurbishment of the apartments.
Why an Olympic delay could spell disaster for Athletes Village buyers
The discussion of delaying or even canceling the 2020 Tokyo Olympics has become a hot topic in recent weeks and has led to some questions about what will happen to the buyers of the 4,145 apartments in Harumi Flag - the condos that will be refurbished from the Athletes Village.
Tokyo hotel pricing heats up for 2020 Olympics
With less than a year to go until the 2020 Summer Olympics, accommodation options for visitors and volunteers are already extremely thin and price hikes have started.
Tokyo Govt. may get a percentage of Harumi Flag sales
The developers of the 2020 Olympic Village / Harumi Flag project on Tokyo Bay have agreed to pay a portion of sales revenue to the Tokyo Metropolitan Government.
Harumi Flag goes on sale today
Sales in the Harumi Flag Athlete’s Village start today, with applications closing on August 4. The first round of sales will see over 600 apartments on offer.
Sales details announced for new apartments at Athlete’s Village
Official sales marketing for the Athlete’s Village in Tokyo’s Harumi Island was announced last week. The Athlete’s Village will be completed in time for the 2020 Tokyo Olympics, with the buildings to be converted into a mix of condo-type and rental-type apartments afterwards. Some additional buildings will be completed after the Olympics have finished.
Tokyo’s No. 2 Arterial Road to link bayside islands in 2022
The Tokyo government is aiming to have the No. 2 Arterial Road completed by 2022. This road will connect the man-made islands of Kachidoki, Harumi, Shin-Toyosu and Ariake with Shimbashi and provide more convenient access for trucks to access the new fish market and logistics facilities on the islands.
The opening of the road will be two years later than originally planned due to the delayed relocation of the Tsukiji Fish Market to Shin-Toyosu island. Part of the No. 2 road will need to pass through the fish market’s old location in Tsukiji, which means buildings will need to be demolished.Read more