Real estate transaction volume reaches 4 year high
The volume of real estate transactions in Japan has started to pick up, showing signs of an economic recovery.
In the first half of 2012, transactions of office and residential buildings in major cities (Tokyo, Osaka, Nagoya etc), reached the highest level in four years.
The total volume of transactions by listed companies, including REITs, reached 1.1375 trillion Yen (14.5 billion USD). This is 10% higher than the first half of 2011, and is the highest level since the second half of 2008 which was the time of the Lehman Shock.Read more
Terrace Shibuya Mitake sold out 7 months prior to completion
Although completion is not expected until February 2013, the 128 apartments available for purchase in Terrace Shibuya Mitake have now been sold*.
The new apartment building is in a prime location just one minute from Shibuya station. New and near-new apartments this close to Shibuya station are very limited in number.
There are a total of 196 apartments in the 17-storey building, of which 68 will be given to original landholders from the Mitake Building which once stood on the site. The remaining 128 were sold by the developers.Read more
Foreclosed Aomori shrine for just 1 million Yen
The Hirosaki Toshogu Shinto Shrine in Hirosaki City, Aomori, is being put up sale as the shrine owners undergo bankruptcy proceedings.
The administrators announced that they are in negotiations with a Tokyo-based real estate company to sell the main shrine for just 1 million Yen (12,700 USD).Read more
A first for Kansai: Historic bldg facade preserved in redevelopment
Orix Real Estate announced that they will be preserving the facade of a Taisho-era building and will incorporate it into the new condominium being built on the site. The design of the upper floors will also be in keeping with the original building facade. This is the first example of a condominium in the entire Kansai area that preserved the facade of the former building.
Apartment sales in 'Gran Sanctus Yodoyabashi' began on July 3rd, with 45 of the 60 units being offered in the first release. Apartments range in size from 56.09 ~ 78.83 sqm (603 ~ 848 sqft) and are priced from 37.6 ~ 56.5 million Yen. The average price per square meter is 693,000 Yen.Read more