Miyashita-cho Apartment site redevelopment tenders open to public

miyashita-cho-apartment-site

Tokyo City announced plans to redevelop 3 sites with a total size of 2.6 hectares just minutes from Shibuya Station. The 3 city-owned blocks of land include the 0.5 hectare site of the former Miyashita-cho Apartment block (Shibuya 1-23), a former school hall site of 0.4 hectares next to Mitake Park (Shibuya 1-18) and the 1.7 hectare site of the former Aoyama Hospital behind the UN University Bldg (Jingumae 5-53). Tenders will be open to the public from Summer, 2011.Read more

by Zoe Ward

Tokyo Bayside Condominium Market - From Boom to Bust

Three months have now passed since the Tohoku Earthquake and Tsunami. The affected areas of Tokyo Bay are seeing a growing disparity between the desired purchase and selling prices of condominiums on the secondary market.

Difference of 10 million Yen between buyers and sellers

Buyers are anticipating a huge slump in prices for bayside apartments. On the other side, sellers are still hoping to sell their apartments at pre-earthquake values - a time when the bayside areas were seeing huge rises in popularity.Read more

by Zoe Ward

Land values in central Tokyo increased as much as 70% since 2000

minamiaoyama4121

Land values in prime central Tokyo area have typically increased over the past 10 years. In some areas the increases have been as high as 71%.

Despite the Lehman Shock in 2008 where land prices have fallen, land values in 2010 are higher than they were in 2000.Read more

by Zoe Ward

Average Price of an Apartment in Shibuya-ku, February 2011

The following price guide is based on current real estate listings for apartments in Shibuya-ku, Tokyo. Actual prices vary depending on factors such as age, location, distance to station, views and so on.Read more

by Zoe Ward

2010 Land Price Survey of Tokyo

The results of the 2010 Land Price Survey of Tokyo have been explained in an English report by the Tokyo Association of Real Estate Appraisers.

Some of the key points from the report are summarized below:

  • Some locations in Tokyo's 23 wards saw flattening land prices
  • Some areas saw increases over 6 months
  • Land prices are expected to moderately recover
  • Growth in the condominium market has increased demand for blocks with development potential
  • Residential land is expected to fare better than commercial land

The full report can be read here.

by Zoe Ward

Traditional Japanese Shophouse in Tokyo for Sale

SOLD

This 2-storey shophouse in Koenji, Tokyo, was built over 75 years ago by a “Miya-daiku” master carpenter (Miya-daiku are specialist craftsmen who design shrines and temples). Read more

by Zoe Ward

[Foreclosed] Land in Minamiaoyama 2 Chome

Court Evaluated Price: 150,000 JPY (1830 USD)
*UPDATE: The winning bid was 555,556 JPY (6775 USD). A total of 15 bids were made on the land.*

The cheapest (and smallest) land you will ever find in Omotesando. The land is in a laneway just behind Aoyama Dori Avenue and is 200 meters from Gaienmae Station and 660 meters from Omotesando Station.

With commercial land fronting Aoyama Dori valued at anywhere between 5~9 million JPY/sqm and residential land in Minami Aoyama ranging anywhere between 1.2 ~ 1.5 million JPY/sqm, this piece of land at only 78,500 JPY/sqm seems like a great deal, but...

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by Zoe Ward