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Tokyo apartment rents drop slightly after moving season

Posted on July 19, 2022

The average monthly rent of a condominium-type apartment in Tokyo’s 23 wards was 3,835 Yen/sqm in June, down 0.3% from the previous month but up a slight 0.2% from last year. The average apartment size was 51.38 sqm (553 sq.ft).

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Tokyo apartment prices increase for 26th month

Posted on July 15, 2022

The average sale price per square meter in Tokyo’s 23 wards increased for the 26th month in a row in June, with a 9.9% year-on-year increase to 900,300 Yen/sqm. Meanwhile, the average building age was 22.31 years, up from a 20.86-year average in June 2021.

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Tokyu to sell five golf and ski resorts

Posted on July 14, 2022

On July 1, Tokyu Land Corporation announced the planned sale of five golf and ski resorts to several buyers, including a hotel operator. The sale price has not been made public. The sale is part of Tokyu’s ongoing revision of its resort business with the aim of improving capital efficiency. 

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Foreign investors find Kyoto real estate cheap

Posted on July 13, 2022

According to the Kyoto Shimbun newspaper, offshore investors are out in force buying up real estate in Kyoto, with property prices in the historic city considered comparatively inexpensive.

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Tenant sought for 95-year old historic home in Tokyo

Posted on July 12, 2022

Tokyo City is looking for a new tenant for the historic Ogasawara Residence in Shinjuku. The Spanish-style home was built in 1927 for Count Nagayoshi Ogasawara (1885-1935).

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Capella Kyoto to open in 2025

Posted on July 11, 2022

On July 5, NTT Urban Development Corporation announced a management agreement with Capella Hotels & Resorts to open Capella Kyoto in the Higashiyama district.

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Tokyo’s high-end market still cheaper than other international cities

Posted on July 8, 2022

According to the Japan Real Estate Institute’s latest report on global real estate prices, an apartment in the wealthy Motoazabu district in Tokyo is cheaper than one in Beijing, Shanghai, Hong Kong, Taipei, Singapore, New York, and London.

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Leasehold condos planned next to historic building in Tokyo

Posted on July 7, 2022

On June 30, sales began in a leasehold condominium located in Tokyo’s Jimbocho district. The 14-story building is next-door to the Toho Gakkai Institute of Eastern Culture. This modernist building was built in 1926 and is recognized by Chiyoda Ward as an important property for the district’s landscape design.

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Seibu confirms hotel portfolio sale to GIC

Posted on July 6, 2022

On June 30, Seibu Holdings confirmed that it would be selling 31 of its hotel and golf facilities to an affiliate of Singaporean sovereign wealth fund GIC. The sale price is 147.1 billion Yen (approx. US$1.09 billion thanks to a historically cheap Yen), with Seibu posting an 80 billion Yen gain on the sale.

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Tokyo Apartment Sales in June 2022

Posted on July 5, 2022

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of June 2022:

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Welcome to our company blog, where we provide commentary, news articles, market reports and other useful tips and opinions to keep you informed about Japan’s real estate market.

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