How to better understand the market price of land
Looking to buy land to build on but a little unsure if you're paying the right price? The best way to determine land prices is to take the time to look at various real estate listings and talk with your agent. With a little research, you will work out how much you can expect to pay in a certain neighborhood.
Construction starts on Nihonbashi high-rise
Construction has now started on a 52-story mixed-use development alongside Nihonbashi River. The 284-meter tall tower will include 100 luxury residences on the top four floors. A further 50 apartments will be included in the 7-story low-rise building alongside the river.
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's office vacancy rate improves for first time in 21 months
In November, the office vacancy rate in Tokyo improved for the first time in 21 months as concerns over the pandemic’s effects on the workplace seem to have weakened.
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.