New apartment price in Tokyo hits 32-year high

The average price of a brand-new apartment released for sale across greater Tokyo in 2022 reached 62.88 million Yen, up 0.4% from 2021 and the highest level on record since 1990 when prices were 62.14 million Yen.

Read more


Mita Garden Hills now on sale with a 4.5 billion Yen apartment on offer

Sales in the 1,002-unit Mita Garden Hills luxury apartment development in central Tokyo started last week with pricing looking to average around 4 million Yen/sqm (US$2,860/sq.ft).

Read more


Greater Tokyo sees net inflow of 99,000 residents in 2022

The Tokyo metropolitan area saw a net inflow of 38,023 residents in 2022, up from a 5,433 net increase seen in 2021, as the capital emerged from a pandemic. This was the largest net inflow in all of Japan’s 47 prefectures.

Read more


New Issey Miyake store completed in Ginza

Yasuda Real Estate has completed construction of its 3rd project in Ginza.  The 9-story Ginza Matsuya-dori Yasuda Building will have Issey Miyake as the key tenant on the first 4 floors.

Read more


Mita Koyamacho Redevelopment to be completed by 2028

More progress has been made on the Mita Koyamacho West District Redevelopment near Azabujuban Station with the Tokyo Governor approving the developers’ rights conversion plans last December.

Read more


Apartment asking prices climb 13.2% in 2022

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.

Read more


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.

Read more