Same-day sell out in Harumi Flag high-rises

Apartments in the two high-rise towers in Harumi Flag went on sale earlier this month. A total of 8,790 purchase applications were made on the 573 apartments released for sale, with an average of 15.3 applications per apartment. Lucky buyers were selected via a raffle system.Read more

Further restrictions on Harumi Flag apartment sales

Further sale limits have been imposed on the Harumi Flag project on Tokyo Bay to curb speculation. The repurposed Athlete’s Village condos have seen as many as 100 ~ 200 purchase applications per apartment as speculators seek to flip them once complete.Read more

Developers bow to government pressure to limit speculation on Harumi Flag apartments

Demand for apartments in Harumi Flag has reached such an unprecedented level that the developers have had to quickly implement some changes to quell speculative buyers and satisfy the Tokyo metropolitan government.Read more

2,800 reservations as Athlete’s Village high-rise prepares to go on sale

Sales in the 50-story high-rise in the former Athlete’s Village are scheduled to start this June, with the most expensive apartment priced in the 349 million Yen (US$2.64 million) range.Read more

Why are there over 70 buyers per apartment in Harumi Flag?

With some apartments receiving over 200 purchase applications this month, buyer demand in the Harumi Flag development on Tokyo Bay has been so astonishingly high that NHK sent a journalist out to see what was going on.

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16% increase in supply of new apartments in April

The supply of brand new apartments released for sale across greater Tokyo in April increased by 16.1% y-o-y to 2,426 units. The increase was largely due to a new round of sales in Harumi Flag, the former Athletes Village on Tokyo Bay.

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111 offers on an apartment in the Athletes Village

The third round of sales in Harumi Flag, the large-scale apartment project that had previously been used as the Athletes Village for the recent Summer Olympics, kicked off last month. This is the first sales activity to take place in two years, as sales were temporarily suspended due to the delayed games.

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Apartment sales in Athletes' Village to resume this fall

Sales of the apartments in the Athletes’ Village are expected to resume this fall or later, once the Olympics wraps up.

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Athletes Village buyers file claim with Tokyo District Court

As many as 20 buyers of apartments in the Harumi Flag (Athlete’s Village) project have filed a petition for conciliation with the Tokyo District Court seeking compensation due to the delayed move-in date.

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Sales in Harumi Flag on hold

On March 30, Jiji Press reported that off-the-plan sales in Harumi Flag have been temporarily suspended and the sales showroom closed. The large-scale condo complex on a manmade island in Tokyo Bay was initially planned to be used as the Athletes Village for the 2020 Olympics, but the postponement of the games has thrown a wrench into the scheduling of the post-Olympic refurbishment of the apartments. 

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