New Hotel Okura Tokyo to open September 2019
Hotel Okura has released the details on their rooms and facilities for their 110 billion Yen Hotel Okura Tokyo redevelopment. The 508-room hotel is scheduled to open on September 12, 2019.Read more
Average price of an apartment in central Tokyo reaches highest level in recent history
September 11, 2018Real Estate News,Market Information,All,Tokyo
According to REINS, 2,303 second-hand apartments were sold across greater Tokyo in August, down 26.6% from the previous month but up 1.7% from last year. The average sale price was 33,180,000 Yen, down 1.3% from the previous month but up 2.5% from last year. The average price per square meter was 521,000 Yen, down 300 Yen from the previous month but up 3.2% from last year. This is the 68th month in a row to record a year-on-year increase in prices.Read more
140-yr old house to be relocated to Tokyo
September 10, 2018Traditional Japanese HomesHistoric Properties,All
The 140+ year old former home of Viscount Shibusawa Eiichi in Aomori Prefecture is begin relocated back to Tokyo. Shibusawa Eiichi (1840-1931) was considered the father of Japanese capitalism and founded or supported over five hundred companies over his lifetime, including The First National Bank (now Mizuho Bank).Read more
Home loan rates to rise this month
September 6, 2018Real Estate News,All,Home Loans / Mortgages
Japan’s four leading mega-banks will be increasing their advertised interest rates on home loans this month. When the Bank of Japan introduced minus interest rates in February 2016, retail banks began to gradually reduce their long-term fixed interest rates on home loans. However, recent shifts in monetary easing policy may see home loan interest rates shift to an upwards trend.Read more
Tokyo considering new incentive to encourage redevelopment of old apartment blocks
September 5, 2018Real Estate News,Redevelopment & Reconstruction,All,Tokyo
The Tokyo government is working towards introducing a system to encourage the redevelopment of ageing apartments by offering developers additional floor space ratios on other projects. The new system could potentially be introduced in 2019.Read more
The Tower Yokohama Kitanaka sells out 1.5 years prior to completion
September 4, 2018Yokohama,The Tower Yokohama KitanakaNew Construction,Real Estate News,Market Information,All
As of late July, all 1,126 apartments available for sale in The Tower Yokohama Kitanaka have sold out over a span of 8 months. Construction of the 58-storey building is due for completion in February 2020.Read more
Tokyo apartment sales in August 2018
September 3, 2018Real Estate News,Market Information,All,Tokyo
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of August 2018:Read more