Larger apartments seeing greater rent increases than smaller studios

Changes in rental prices in greater Tokyo are not uniform, with larger apartments now outperforming smaller, single-occupant housing. This is happening for a few reasons.Read more


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


Invincible to acquire six hotels for 57 billion Yen

Invincible Investment Corporation is acquiring six hotels and resorts across Japan for 57.23 billion Yen (US$410.5 million). The hotels contain a total of 1,027 rooms, and provide an estimated NOI of 5.9%.Read more


Nagoya high-rise on hold as construction costs soar and office market concerns rise

Plans for a 180-meter tall commercial building in Nagoya have been put on hold, according to an announcement made by the developer on July 5.Read more


Rosenka land values increase for 2nd year in a row

Land values continue their ascent as the country emerges from the pandemic. The nationwide ‘rosenka’ land tax values, announced by the National Tax Agency on July 3, saw an average increase of 1.5% from last year. This is the second year in a row to see an increase, and a higher rate of increase from the 0.5% growth seen last year.Read more


Tokyo new apartment prices remain above 100 million Yen for 3rd month

For the third month in a row the average sale price of a brand-new apartment in Tokyo’s 23 wards has exceeded 100 million Yen. In May, the average price was 114,750,000 Yen (approx. US$808,000), up 47.9% from last year.Read more


Tokyo remains one of the cheapest international cities for luxury housing

Luxury housing in central Tokyo remains amongst the cheapest in the top global cities. A luxury condominium in Tokyo’s high-end Motoazabu neighborhood is about 59% cheaper than its Hong Kong equivalent and 45% cheaper than one in London, according to the Japan Real Estate Institute.Read more