Tokyo Apartment Sales in December 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of December 2021:
Luxury rental apartments added to Torch Tower
A recent use-change will see some luxury rental apartments added to Japan’s tallest tower-to-be. On January 8, the Nikkei Shimbun newspaper reported that the 390-meter tall Torch Tower, on the northern side of Tokyo Station, will have around 50 apartments with monthly rents ranging from 1 ~ 5 million Yen (approx. US$8,650 ~ $43,200). The largest apartment will be in the 400 sqm (4,300 sq.ft) range.
A forecast of the new apartment market in 2022
On December 21, the Real Estate Economic Institute published a forecast of the new apartment market across the greater Tokyo region.
New apartment supply doubles in November as Athletes Village goes back on sale
The supply of brand-new apartments released for sale across greater Tokyo doubled in November as a large number of apartments in the Harumi Flag development on Tokyo Bay hit the market.
Tokyo apartment prices increase for 19th month
The average price of a second-hand apartment reported to have sold in the Tokyo metropolitan area in November was 807,200 Yen per square meter, up 6.4% from last year and the 19th month in a row to see a year-on-year increase.
Tokyo Apartment Sales in November 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of November 2021:
111 offers on an apartment in the Athletes Village
The third round of sales in Harumi Flag, the large-scale apartment project that had previously been used as the Athletes Village for the recent Summer Olympics, kicked off last month. This is the first sales activity to take place in two years, as sales were temporarily suspended due to the delayed games.