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
Tokyo sees highest increase in luxury residential pricing in Asia in 2022
According to the Knight Frank Prime International Residential Index for 2022, Tokyo saw the highest rate of growth in Asia with a 22.8% annual increase. It was also ranked 4th globally, behind Dubai (+44.2%), Aspen (+27.6%), and Riyadh (+25.0%).
Mita Garden Hills now on sale with a 4.5 billion Yen apartment on offer
Sales in the 1,002-unit Mita Garden Hills luxury apartment development in central Tokyo started last week with pricing looking to average around 4 million Yen/sqm (US$2,860/sq.ft).
Kengo Kuma-designed condos coming to Chiyoda ward
Kengo Kuma & Associates has designed a new luxury condominium to the north of the Imperial Palace. The 18-story building is scheduled for completion in December 2024, with the apartments ready to move into from April 2025.
Tokyo’s newest and most expensive apartments
Although it is still decades behind, Tokyo’s luxury* property market is finally starting to catch up with its international counterparts. Several new projects in the city center have lifted the bar for pricing and design.
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Tokyo tops luxury residential price rises in Asia
Tokyo has seen the highest increase in luxury residential prices in Asia, according to Knight Frank’s Prime Global Cities Index for the third quarter of 2022. It also ranked 3rd worldwide, after Dubai and Miami.