Office high-rise now planned for former TSK Building site in Roppongi
There are signs of life on the site of a now-demolished scandal-ridden building in Roppongi.
Apartment transactions in January reach all-time high
The second state of emergency issued on January 7 wasn’t enough to slow buying activity this time around, with REINS reporting that 3,480 second-hand apartments were sold across greater Tokyo in January, up 37.3% from the previous month and up 29.9% from January 2020. This is the highest number of transactions seen for the month of January since REINS began reporting data in May 1990.
Quick real estate news summary for the week
Tokyo’s office vacancy rate continues to climb, Hon-Atsugi popular with renters and Kachidoki popular with buyers. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
The most expensive apartments to go on sale in Tokyo over the past 10 years
Over the past few years, Tokyo's luxury real estate market has taken off as developers tap into growing demand for high-end homes.
Tokyo Apartment Sales in January 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2021:
Quick real estate news summary for the week
Wynn Resorts backs out of Yokohama casino bid, Imperial Hotel to offer serviced apartments, and Niigata ski field closes permanently. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Nippon Express mulls sale of Shiodome office tower
Global logistics service company Nippon Express is mulling the sale of their head office building in Shiodome. The 28-story office tower could fetch as much as 100 billion Yen (approx. US$955 million). Several funds have already expressed interest.