Tokyo Apartment Sales in April 2019
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of April 2019:
Greater Tokyo’s compact apartment market in 2018
According to the Real Estate Economic Institute’s report on the compact apartment market, smaller apartments are starting to account for a larger share of total supply.
New development in Niseko sees strong sales
Sales in a new resort project in Niseko are off to a strong start with all villa lots sold. ‘Intuition’ is a condo-hotel and holiday home resort development by Hong Kong developer Zekkei Properties.
Luxury villas planned for Miura waterfront
A waterfront district down in Kanagawa’s Miura Peninsula is being pushed as a potential luxury resort targeting wealthy foreigners. A current development proposal includes villas and high-end condominiums that could include their own berths for mega-yachts along with 20-minute access by helicopter from Tokyo. The villas could range in size from 340 ~ 1,120 sqm (3,658 ~ 12,000 sq.ft).
Miyakojima’s property boom
Land prices on this tropical island in Okinawa have increased by as much as 50,000% (no, that’s not a typo) over the past four years.
Japan's vacant house ratio reaches 13.6%
On April 26, the Ministry of Internal Affairs and Communications released their housing and land data as of October 2018. This survey is carried out once every five years. According to the report, the nationwide residential vacancy rate was 13.6%, a 0.1 point increase from 2013. The total number of vacant homes across Japan reached 8,460,000, an increase of 260,000 homes over the past 5 years.
Greater Tokyo apartment transactions reach highest level in history
In 2018, reported transactions of second-hand apartments across greater Tokyo reached the highest record in history. There were 37,601 sales reported for the year, up 1.2% from 2017.