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.
Luxury condo goes on sale in Sanbancho
Sales in The Parkhouse Gran Sanbancho 26, the latest luxury condo for Chiyoda’s Bancho neighborhood, kicked off last week. This is the 8th project under Mitsubishi Jisho Residence’s ‘The Parkhouse Gran’ series of high-end apartment offerings.
10-fold increase in 100 million Yen + apartment sales in Tokyo
The number of apartments that have sold for over 100 million Yen in the Tokyo metropolitan area has risen 10-fold over the past decade. According to listing database and market information provider REINS, reported transactions in Tokyo reached 1,136 in 2021, up 39.6% from 2020 and up 952% from 2011.