Apartment prices take a dip in Tokyo Bayside island district
According to data compiled by Tokyo Kantei, the average asking prices of second-hand apartments in several districts on the manmade islands in Tokyo Bay have declined over the past two years. This is despite the hype from the upcoming 2020 Tokyo Olympics, which will see several facilities and the Athletes Village constructed on these islands. The report covered family-type apartments listed for sale between June and August 2017, comparing them to average asking prices in 2015 and 2016.
Kokusai-tenjijo Station Area:
Serviced by the Rinkai Line, this station is about 450 meters from the Tokyo Big Sight exhibition hall and opposite the Ariake Tennis Courts and Ariake Colosseum. A 1500-unit large-scale apartment complex is currently under construction not far from this station with completion scheduled in early 2020. Apartments in this new project have an average price of around 1,000,000 Yen/sqm. Meanwhile, the average asking price of a second-hand apartment in this district was 679,000 Yen/sqm, down 5.9% from 2016 and down 8.9% from 2015.Read more
Tokyo Apartment Sales in March 2018
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of March 2018:Read more
53-storey condominium tower for Hiroshima
A 53-storey, 178m tall condominium is planned for downtown Hiroshima with completion scheduled for April 2020. This will be the tallest condominium based on total floor count to have been built across the Chugoku, Shikoku and Kyushu region since 1994.
‘hitoto Hiroshima The Tower’ is a 665-unit high-rise with 2 ~ 4 Bedroom apartments ranging in size from 55 ~ 143 sqm (592 ~ 1,539 sq.ft). A 80 sqm apartment on the 18th floor is expected to be priced in the 50 million Yen range (approx. 470,000 USD). Sales are scheduled to begin in mid-April 2018.Read more
New apartments for sale in Tokyo in 2018
Let's take a look at some of the new condominiums that will be completed in central Tokyo this year.
JANUARY
GRAND HILLS MOTOAZABU
Size: 75 ~ 156 sqm (816 ~ 1,681 sq.ft)
Pricing: 175 ~ 850 million Yen
Located in a hilltop position atop the Motoazabu district The 5-storey building has 32 spaciously-sized apartments and is 300 meters from the Azabu Juban restaurant street and 800 meters from Roppongi Hills. Prices range from 2,300,000 ~ 5,500,000 Yen/sqm.Read more
Apartment asking prices in Tokyo in February 2018
According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) apartment across greater Tokyo was 35,980,000 Yen in February 2018, showing no change from the previous month but up 0.4% from last year. The average building age was 23.4 years.Read more
Shiba Park Building sells for 150 billion Yen
The Kansai Electric Power Co. and Tokyo Gas have jointly acquired the trust beneficiary rights to Shiba Park Building in central Tokyo on March 20. The acquisition price has not been made public, but insiders suggest a price somewhere in the range of 150 billion Yen (approx. 1.4 billion USD).Read more
Art Deco building in downtown Tokyo sells for 85 billion Yen
Japan Post Insurance have posted a capital gain of 85.03 billion Yen (approx. 803 million USD) on the sale of an Art Deco building and land in Tokyo’s Minato ward that took place in February. The buyer was Mitsui Fudosan Residential.Read more