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

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

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

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

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

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

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of August 2018:Read more