Yanaka’s proposed building height allowances could lead to blandification
Taito Ward officials are considering relaxing building height limits in the historic temple district of Yanaka in Tokyo.
Local residents, concerned that this could harm the charming character of the low-rise neighborhood, are petitioning the local council to reconsider the idea.
Central Tokyo apartment transactions up 35% in August
According to REINS, a total of 2,584 second-hand apartments were reported to have sold across greater Tokyo in August, up 12.2% from last year. The average sale price was 34,610,000 Yen, up 4.3% from last year. The average price per square meter was 538,800 Yen, up 3.4% from last year and the 7th month in a row to see a year-on-year increase.
Multi-block redevelopment for Uchisaiwaicho
Three developers will soon embark on what is said to be the biggest post-Olympic redevelopment project in Tokyo. The redevelopment district includes the Imperial Hotel, NTT Hibiya Building, Mizuho Bank Uchisaiwaicho Building, and TEPCO Head Office Building.
Tokyo's oldest ‘danchi’ apartment block to be redeveloped
Possibly the oldest surviving public housing block in Tokyo will soon be demolished to make way for new housing for its residents. The Nakano Jutaku was built in 1951, just six years after the end of WWII. It also preceded the former Japan Housing Agency (now the Urban Renaissance Agency) that was founded in 1955 to address a severe housing shortage.
Omotesando retail sells for 6.5 billion Yen
Takara Leben Real Estate Investment Corporation will pay 6.52 billion Yen (approx. 61 million USD) to acquire the trust beneficiary rights to the Almost Blue retail building in Omotesando. The sale is expected to take place this month.
New apartment prices in Japan since 1956
For those interested in historic real estate data, Tokyo Kantei has released a graph of new apartment prices across Japan between 1956 and 2018.
Tokyo Apartment Sales in August 2019
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of August 2019: