Tokyo real estate market – Page 52 – JAPAN PROPERTY CENTRAL K.K.

New apartment supply in Tokyo drops 40% and hits 27-yr low

The total supply of new apartments released for sale across greater Tokyo in April saw a year-on-year drop of 39.3% to just 1,421 apartments. This is the lowest supply seen for the month of April since 1992. The reason for the low supply is due to both developers putting their efforts towards selling current inventory, along with an expectation of low buyer turnout during the 10-day Golden Week holiday.

by Zoe Ward

Redevelopment details for Meiji Jingu Stadium district

Details have come out for the large-scale future redevelopment of the Meiji Jingu Baseball Stadium and Prince Chichibu Memorial Rugby Stadium district in central Tokyo. The 17.4-hectare site straddles Minato and Shinjuku wards and adjoins the new Olympic Stadium.

by Zoe Ward

Greater Tokyo second-hand apartment sales reach highest level in history

Reported sales of second-hand apartments across greater Tokyo in April 2019 reached 3,440 units, up 6.3% from the previous year and the highest level seen for the month of April since REINS began collecting data in 1990.

by Zoe Ward

Sold Out: The Peak Azabu Nagasaka

On April 16, Odakyu Real Estate announced that all apartments in the newly-renovated The Peak Azabu Nagasaka condominium had sold out in March.

by Zoe Ward

Tokyo Apartment Sales in April 2019

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of April 2019:

by Zoe Ward

Greater Tokyo’s compact apartment market in 2018

According to the Real Estate Economic Institute’s report on the compact apartment market, smaller apartments are starting to account for a larger share of total supply.

by Zoe Ward

New office supply in Tokyo to reach 1.72 million sqm in 2020

According to Mori Building’s latest office market report for Tokyo’s 23 wards, the office vacancy rate at the end of 2020 is forecast to reach 2.3%, a 0.3 point increase from the forecast for the end of 2019. This would be the second year in a row to see an increase in vacancy rates, although the level remains historically low.

by Zoe Ward