Resale value rankings for developers
September 12, 2013Tokyo apartment prices,MarubeniReal Estate News,Market Information,All,Tokyo
Attractors Lab has ranked the top condominium developers by the average resale value of their apartments. In top place is Marubeni, followed by Taisei-Yuraku Real Estate and Itochu Property Development. Although these are the top ranked developers, they all saw a drop in average resale values since new.
The data is compiled from the average price of the developer's apartments when new and their average price when later resold. Data is only included for developers with over 30 buildings, and for buildings listed for sale from 2001 onwards.
Top developers by resale values:Read more
The Parkhouse Harumi Towers sees a surge in interest following Olympics announcement
September 11, 2013Harumi,Tokyo 2020 Summer OlympicsNew Construction,Real Estate News,All,Tokyo
The sales office at The Parkhouse Harumi Towers was abuzz with activity on Sunday after it was announced that Tokyo was chosen to host the 2020 Summer Olympics. The twin high-rise condominiums are located on the same island in Tokyo Bay that will be the site of the Athletes Village.
On a normal weekend, the sales office receives around 30 visitors, and make 4 or 5 sales. On Sunday, however, as many as 60 people visited the showroom and 10 purchase agreements were signed.Read more
Residential yields and vacancy rates in Minato-ku - September 2013
September 10, 2013Rental yield in TokyoReal Estate News,Rental Market,All,Tokyo
According to real estate listing site Homes, the average yield on an apartment in Minato-ku in September was 6.0%, up 0.3 points from last month. The average yield across Tokyo was 7.9%, down 0.2 points from August.
The vacancy rate was 9.9% in Minato-ku and 11.0% across Tokyo.Read more
All 1497 apartments now sold out in Proud Funabashi
September 9, 2013Proud Series,Chiba Prefecture,Proud FunabashiNew Construction,Real Estate News,All
All 1,497 apartments in Nomura's 'Proud Funabashi' development in Chiba have sold out. Nomura received a total of 2,919 purchase applications, and over 24,000 people visited their sales showroom since its opening in June 2012.Read more
4-point checklist when buying an older apartment
September 7, 2013Property Purchasing Guide,All
If you are thinking of buying an older, secondhand apartment in Japan, these are some of the important factors that you need to consider:
[1] What are the building's common areas like?
When inspecting an apartment, it is important that you thoroughly check the building's common areas including the entrance, bicycle and car parking, hallways, garbage disposal room and rooftop (if possible). If a building is well managed and maintained, it will be evident in the common areas. If, however, it is unclean or looking run down, it could be a sign that the building is not being property cared for. Read more
Second-hand homes to receive long-term superior housing certification
September 6, 2013Real Estate News,Renovations,All
In 2014, the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) will introduce a system to provide long-term superior housing certification to second-hand homes that have been renovated to meet current earthquake-resistant and energy conservation standards.Read more
Apartment voting ratios under review
September 5, 2013Demolition,Real Estate News,Redevelopment & Reconstruction,All
The government may soon introduce new measures to make it easier for old, ageing apartment buildings to be redeveloped. Currently, 100% of apartment owners must agree before their building can be demolished and the land sold, but this ratio may be reduced to 80%.
It is hoped that this will encourage the development of newer and more earthquake-resistant buildings which will improve the safety of neighbourhoods. It may also help to revitalise the real estate market.Read more