Yaesu 2-Chome redevelopment project to have minor but curious residential component
Construction of the Yaesu 2-Chome North District Category-I Urban Redevelopment Project officially started on December 3. Completion is scheduled for August 2022.
39-yr old apartment building near Hamamatsucho to be redeveloped
The home owners association of an old apartment block in Tokyo’s bay front area have voted in favor of redevelopment, with the former 14-storey building to be replaced by a 32-storey apartment tower. The former Itohpia Hamarikyu apartment building was built in 1979 and is a 5 minute walk east of Hamamatsucho Station in Tokyo’s Minato Ward. The 14-story building contains 328 apartments and sits on a 2,820 sqm block of land fronting onto an expressway.
Tokyo apartment sales in November 2018
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of November 2018:Read more
180m tall apartment tower for Toyosu in 2022
A 180m tall, 48-storey high-rise condominium is planned for the man-made island of Toyosu in Tokyo Bay with completion tentatively scheduled for March 2022.
Tokyo apartment asking prices increase in October
According to Tokyo Kantei the average asking price of a 70 sqm (753 sq.ft) second-hand apartment across greater Tokyo was 36,250,000 Yen in October, down 0.3% from the previous month but up 1.2% from last year. The average building age was 24.4 years.
Shibuya Station Sakuragaoka Redevelopment to start in January
Preparation for the Shibuya Station Sakuragaoka Exit District Redevelopment is scheduled to start in January 2019. Demolition of the existing buildings will start in January, with construction of the new buildings to begin in 2020. Completion is expected by late 2023.
New apartment prices in Tokyo up 10.6% from last year
According to the Real Estate Economic Institute, a total of 2,895 brand-new apartments were released for sale across greater Tokyo in October, down 14.1% from the previous month but up 2.8% from last year. Sales in several large-scale projects within Tokyo pushed up the total supply for the month. The Institute had previously forecast a supply of 3,500 units for the month, but there were several cases of sales being delayed due to the quake-shock absorber falsified data scandal that came to light last month.