Properties we sourced in November
These are some of the off-market properties we sourced for our clients last month. A couple of places we looked at back in October have already sold.Read more
For Sale: House next door to historic Iseya Pawnshop
An old townhouse located right next door to the historic Iseya Pawnshop in Hongo, Tokyo, was listed for sale recently. The two-story wooden house fronts onto Kikuzaka Street.
Tokyo Apartment Sales in January 2020
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2020:
Tokyo office vacancy rate hits new low in November
The average vacancy rate for prime office space in Tokyo’s central five business districts hit a new low in November, dropping 0.07 points from the previous month to 1.56%. This is the lowest vacancy rate seen since December 1990 when the average rate was just 0.39%. Meanwhile, average rents have increased for the past 71 consecutive months.
Park Mansion Mita Tsunamachi to go on sale this month
Mitsui's latest development - Park Mansion Mita Tsunamachi The Forest - goes on sale at the end of this month. Although prices have yet to be officially announced, this could be the most expensive condominium to go on sale in Tokyo this year. The model room was opened to the public over the weekend, but we had a sneak peak last week.
The 11-storey building is currently under construction on a large 6,100 sqm site directly south of the Australian Embassy. It is directly across the street from the gardens of the historic members-only Tsunamachi Mitsui Club as well as Mitsui's very first Park Mansion building - Mita Tsunamachi Park Mansion (1971).
About the model room
The 167 sqm (1,797 sqft) 1-Bedroom room is filled with optional extras and non-standard finishes. The original plan for this apartment is two bedrooms, one bathroom and a study. In addition this apartment, along with two others, also have private 'atelier' rooms on the 10th floor. The atelier that comes with this particular apartment is 35 sqm and has a mini kitchen, toilet, shower room and a 21 sqm roof terrace. Perfect for a home office, man cave or guest room.Read more