The average asking price of a 70 sqm (753 sq.ft) second-hand apartment across the greater Tokyo region in 2022 climbed 13.2% to 47,160,000 Yen. This was the second year in a row to record double-digit growth.
464 total views, 50 views today
Hotel Okura South Wing redevelopment to start in 2024
Construction of a 225-meter tall tower to replace the former Hotel Okura South Wing building in Roppongi will start in 2024, with completion scheduled for 2028.
448 total views, 8 views today
9.5 trillion Yen to retrofit Tokyo’s wooden homes
Tokyo wants all homes to meet current earthquake-resistant codes by the 2040s and has budgeted 9.5 trillion Yen (US$71 billion) to make it happen.
630 total views, 10 views today
35-story tower for Kyobashi
Tokyo Tatemono is planning a 35-story, 180-meter-tall high-rise for Kyobashi. Construction will start in 2025 with completion tentatively scheduled for 2029. A city planning decision was granted on January 13.
564 total views, 6 views today
Apartment sales over 100 million Yen hit new high in Tokyo
Tokyo’s 23 wards were the only area within greater Tokyo to see a year-on-year increase in apartment sales in December, with transactions up 6.6%. Saitama Prefecture saw a 4.2% drop, Chiba saw an 11.2% drop, and Kanagawa saw a 7.4% drop.
724 total views, 6 views today
A 70sqm apartment in central Tokyo now costs over 100 million Yen
The average asking price of a 70 sqm (753 sq.ft) second-hand apartment in Tokyo’s central wards of Chiyoda, Minato, and Shibuya, has exceeded the 100 million Yen range in November, 2022.
906 total views, 4 views today
Daikanyama retail sells for 1.8 billion Yen
A low-rise retail and office building just behind Daikanyama Station sold for 1.877 billion Yen (approx. 14.3 million USD). The seller, Starhill Global REIT, entered into a sale agreement in December with an undisclosed buyer.
700 total views, 4 views today
National government wants to halt Tokyo’s population growth by 2027
In an attempt to reverse the overconcentration of the population in the greater Tokyo region, the national government wants 10,000 residents to move to the countryside each year, a lofty goal for a megalopolis that saw a net inflow of over 80,000 residents in 2021.
1,816 total views, 4 views today
Kengo Kuma-designed condos coming to Chiyoda ward
Kengo Kuma & Associates has designed a new luxury condominium to the north of the Imperial Palace. The 18-story building is scheduled for completion in December 2024, with the apartments ready to move into from April 2025.
1,470 total views, 2 views today
Apartment prices in central Tokyo hit new high in November
Apartment prices in central Tokyo hit a new record high in November, with REINS reporting the average reported sale price of a second-hand apartment in the central three wards at 1,627,200 Yen/sqm. This is a 3.3% increase from the previous month and an 18.2% increase from last year. It’s the highest price-per-square-meter on recent record.
1,554 total views, 2 views today