Luxury rental apartments planned for 7,000 sqm site in Omotesando
Action is finally underway for the long-idle site of the former Floracion Hotel in Minami Aoyama with Sumitomo Realty & Development announcing plans for a 70-unit luxury rental apartment building.Read more
Further restrictions on Harumi Flag apartment sales
Further sale limits have been imposed on the Harumi Flag project on Tokyo Bay to curb speculation. The repurposed Athlete’s Village condos have seen as many as 100 ~ 200 purchase applications per apartment as speculators seek to flip them once complete.Read more
Partner sought for Toranomon redevelopment project
The semi-governmental Urban Renaissance Agency is seeking a partner for a large-scale redevelopment project in Toranomon.Read more
21% annual returns on apartments in Roppongi
Apartments near Roppongi Itchome Station in central Tokyo have provided an average annualized return of 21.26% over the past 10 years, according to a report by Tokyo Kantei.
Shinagawa data center to sell for 70 billion Yen
Sekisui House Reit has sold the trust beneficiary interest in the Gotenyama SH Building for 70 billion Yen (US$517 million), a 36% premium over what it was acquired for in 2014. The sale price exceeded its appraisal value by 13%.Read more
Tokyo's office vacancy rate improves 0.3 points in April
Tokyo’s office vacancy rate in April was 6.11%, a 0.3 point improvement from the previous month and a 0.27 point improvement from last year. The office leasing market is showing signs of recovery, and some companies are seeking to expand their office space.Read more
CLT hybrid condo to go on sale in Shibuya
This June, Nomura Real Estate Development will start sales of a cross-laminated timber (CLT) hybrid apartment building near Sangubashi Station in Shibuya.Read more