Hirakawacho Mori Tower Selling Fast
As of late August, 2010, there are only 7 units (including the four penthouse apartments) remaining for sale in Hirakawacho Mori Tower Residence. This building was completed in December, 2009, and sales started from mid-February with lottery drawings being held to sell the more popular units.
The three non-penthouse units are 2 & 3 bedroom units over 120sqm (1,290 sqft) and priced from 158~174 million JPY. Due to the popularity of the building, prices are not negotiable on these remaining units. Once these units sell, the developer may take some units out of the rental pool and put them up for sale by special request.Read more
Japan ranked 9th best country in the world
Newsweek released their ranking of the best countries in the world based on health, education, economy and politics. Japan was ranked 9th in the world, and is the top ranked Asian country.
Click here to view the list.
More Red Flags over Kenyan Embassy Land Purchase
More details on the Kenyan Embassy land purchase in Tokyo are coming to light. According to Kenya's Daily Nation, the Ministry decided to purchase a plot of land with two ageing buildings in Yakumo, Meguro-ku, from an individual owner at an unusally high price (1.6 billion JPY).
The seller, who was previously leasing the land and buildings to the Embassy, carried out his own property background check and personally drew up the contract documents.Read more
Kenyan Minister facing questions over land purchase in Tokyo
Kenya's financial minister is being questioned over a government purchase of a block of land in Tokyo to build a new Kenyan Embassy. The purchase price was 1.6 billion Yen (USD18 million) and the government is being accused by a Parliamentary Committee of not doing adequate research prior to purchase, resulting in paying too much for something in a "low end market area." Kenya's budget allows for the purchase of buildings, but not vacant land.
Omotesando's most expensive home
Price: 900,000,000 Yen Reduced to 790 million Yen in 2012.
House Size: 499.95 sqm (5280 sqft)
This large private house priced at 790 million Yen is one of the most expensive homes for sale in Minato-ku. The total floor area is almost 500sqm (5,380 sqft) and has 4-bedrooms, home elevator, sauna, rooftop terrace and 4 car garage. The grand entrance features a winding staircase and chandelier.
This house has been on the market since early 2010 and has yet to find a buyer. The price was reduced in 2012 from 900 to 790 million Yen. *Update: The brightly coloured home was still on the market in 2014.
The Minamiaoyama address is considered to be one of the best in Tokyo, and many celebrities have residences here. Land values continue to remain high in this neighborhood. The house is walking distance to Omotesando Hills, Prada, Nezu Museum, cafes and more. Read more