One of Shibuya's oldest homes hits the market
A traditional Japanese house in the heart of Shibuya is currently on the market for 2.27 billion Yen (approx. 20.3 million USD).
Shoto Governor’s Residence sells for 4.3 billion Yen
The former Tokyo Governor’s Residence in Shibuya’s high-end Shoto neighbourhood has been sold to Sumitomo Realty & Development for 4.368 billion Yen (36 million USD), or approximately 1,968,000 Yen/sqm based on the land size.
The residence was offered for sale by the Tokyo Metropolitan Government via public bidding from December 15 ~ 19. Sumitomo and another major real estate company were the only two bidders. The second bidder had tendered approximately 4 billion Yen for the property.Read more
Former Governor’s Residence in Shoto up for sale again
The former official residence of the Governor of Tokyo in Shoto, Shibuya-ku, is going back on the market next month with a minimum bid price set at 3.51 billion Yen. This is the third time the property has been listed for sale, but is the first time that bidding is open to the general public. Previous attempts were limited to foreign governments looking for embassy locations.
It was originally listed in 2008 with a minimum bid set at 4.8 billion Yen. It was listed again in 2013 seeking offers over 3.3 billion Yen.
Applications for bidding will be open from December 15 ~ 19, with bids to be submitted and opened on December 24, 2014. The successful bidder must be prepared to complete settlement by March 23, 2015.