39-yr old apartment building near Hamamatsucho to be redeveloped
The home owners association of an old apartment block in Tokyo’s bay front area have voted in favor of redevelopment, with the former 14-storey building to be replaced by a 32-storey apartment tower. The former Itohpia Hamarikyu apartment building was built in 1979 and is a 5 minute walk east of Hamamatsucho Station in Tokyo’s Minato Ward. The 14-story building contains 328 apartments and sits on a 2,820 sqm block of land fronting onto an expressway.
Tokyo apartment sales in November 2018
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of November 2018:Read more
180m tall apartment tower for Toyosu in 2022
A 180m tall, 48-storey high-rise condominium is planned for the man-made island of Toyosu in Tokyo Bay with completion tentatively scheduled for March 2022.
190m tall apartment tower planned for Hamamatsucho, Tokyo in 2026
A 47-storey, 190m tall mixed-use apartment tower is planned for a site near the former World Trade Center in Hamamatsucho, Minato-ku, Tokyo. On November 9, the Tokyo Metropolitan Government approved the establishment of the Hamamatsucho 2 Chome District Redevelopment Committee.
Tokyo apartment asking prices increase in October
According to Tokyo Kantei the average asking price of a 70 sqm (753 sq.ft) second-hand apartment across greater Tokyo was 36,250,000 Yen in October, down 0.3% from the previous month but up 1.2% from last year. The average building age was 24.4 years.
Shibuya Station Sakuragaoka Redevelopment to start in January
Preparation for the Shibuya Station Sakuragaoka Exit District Redevelopment is scheduled to start in January 2019. Demolition of the existing buildings will start in January, with construction of the new buildings to begin in 2020. Completion is expected by late 2023.