Tokyo's luxury real estate market is even cheaper now
Luxury housing in Tokyo still remains the cheapest amongst the top global cities by a long shot, and it has only become cheaper as the year progresses.Read more
Japan’s supply of large luxury apartments is tiny
Japan’s luxury apartment market still appears to be undersupplied, with a report by Tokyo Kantei last week showing that just 0.02% of existing condominium-type apartments nationwide can be considered ‘premium’, i.e. over 100 m2.Read more
Tokyo remains one of the cheapest international cities for luxury housing
Luxury housing in central Tokyo remains amongst the cheapest in the top global cities. A luxury condominium in Tokyo’s high-end Motoazabu neighborhood is about 59% cheaper than its Hong Kong equivalent and 45% cheaper than one in London, according to the Japan Real Estate Institute.Read more
Luxury rental apartments planned for 7,000 sqm site in Omotesando
Action is finally underway for the long-idle site of the former Floracion Hotel in Minami Aoyama with Sumitomo Realty & Development announcing plans for a 70-unit luxury rental apartment building.Read more
Luxury condo sales push Tokyo's apartment price above 200 million Yen in March
The average price of a brand-new apartment released for sale across greater Tokyo reached a record 143.6 million Yen (US$1.07 million) in March, according to the Real Estate Economic Institute. That is largely due to two luxury condos that went on sale in central Tokyo.Read more
High apartment prices now spreading to the rental market
Would-be buyers, priced out by the ever-increasing sale price of apartments in central Tokyo, are turning to rentals, causing it to swing to a landlord’s market. A recovery in corporate earnings and pay-rises is also expanding renters’ budgets.Read more
Poltrona Frau-branded residences coming to Tokyo
Real estate developer List Development has teamed up with Italian furniture brand Poltrona Frau and Kurosaki Satoshi of APOLLO Architects & Associates to build ultra-luxury branded houses in Tokyo.Read more