Quick real estate news summary for the week
Sapporo’s oldest capsule hotel closes, apartment rents hit a record high, and Keio Plaza Hotel to offer monthly stays. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Ultra-luxury rental apartments for long-idle Daikanyama site
Mitsubishi Corporation Urban Development is starting work on a luxury rental apartment building development in Daikanyama, Tokyo.
Office high-rise now planned for former TSK Building site in Roppongi
There are signs of life on the site of a now-demolished scandal-ridden building in Roppongi.
Apartment transactions in January reach all-time high
The second state of emergency issued on January 7 wasn’t enough to slow buying activity this time around, with REINS reporting that 3,480 second-hand apartments were sold across greater Tokyo in January, up 37.3% from the previous month and up 29.9% from January 2020. This is the highest number of transactions seen for the month of January since REINS began reporting data in May 1990.
Quick real estate news summary for the week
Tokyo’s office vacancy rate continues to climb, Hon-Atsugi popular with renters and Kachidoki popular with buyers. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
The most expensive apartments to go on sale in Tokyo over the past 10 years
Over the past few years, Tokyo's luxury real estate market has taken off as developers tap into growing demand for high-end homes.
Tokyo Apartment Sales in January 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2021: