Approval granted for Meiji Jingu Gaien redevelopment
On February 17, the Tokyo Metropolitan Government issued development approval for the 349 billion Yen (US$2.6 billion) Meiji Jingu Gaien redevelopment. This site includes the Prince Chichibu Memorial Rugby Stadium and the historic Meiji Jingu Baseball Stadium.
Meguro landlord offers free daily breakfast and coffee to tenants
Tenants living in this new apartment building in Meguro will be able to enjoy free daily breakfasts and coffee provided by a hip coffee joint.
Redevelopment committee approved for 228m+ Shinjuku towers
On February 1, the Tokyo Metropolitan Government approved the formation of the redevelopment committee for the Nishi-Shinjuku 3 Chome West District Redevelopment. This project will see the creation of two 62 and 63-story high-rise towers containing over 3,200 apartments.
An updated look at Tokyo apartment prices since 1992
With the latest data for 2022 released by REINS last month, let’s take a look at the average sale price of a second-hand apartment across greater Tokyo over the past 30 years.
Ginza landmark to be demolished
Demolition of the San'ai Dream Center, a landmark building on the Ginza 4 Chome intersection, will start next month. The circular building was designed by Shōji Hayashi, chief architect of Nikken, and completed in 1963. In 2003 it was chosen by DOCOMOMO Japan as one of the buildings that represent the modernist movement.
Tokyo Apartment Sales in January 2023
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2023:
New apartment price in Tokyo hits 32-year high
The average price of a brand-new apartment released for sale across greater Tokyo in 2022 reached 62.88 million Yen, up 0.4% from 2021 and the highest level on record since 1990 when prices were 62.14 million Yen.