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Copyright © 2022 Japan Property Central KK.
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Tokyo’s high-end market still cheaper than other international cities

Posted on July 8, 2022

According to the Japan Real Estate Institute’s latest report on global real estate prices, an apartment in the wealthy Motoazabu district in Tokyo is cheaper than one in Beijing, Shanghai, Hong Kong, Taipei, Singapore, New York, and London.

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Leasehold condos planned next to historic building in Tokyo

Posted on July 7, 2022

On June 30, sales began in a leasehold condominium located in Tokyo’s Jimbocho district. The 14-story building is next-door to the Toho Gakkai Institute of Eastern Culture. This modernist building was built in 1926 and is recognized by Chiyoda Ward as an important property for the district’s landscape design.

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Tokyo Apartment Sales in June 2022

Posted on July 5, 2022

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of June 2022:

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Japan’s rosenka land values increase after 2 years

Posted on July 4, 2022

This year’s rosenka land tax values were released by the National Tax Agency on July 1, and it’s been a mixed bag with some areas seeing gains and others losses.

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Apartments planned for Azabu-Nagasakacho

Posted on July 1, 2022

An 8-story block of apartments is planned in the wealthy and exclusive Azabu-Nagasakacho enclave in central Tokyo.

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Redevelopment committee formed for Toranomon high-rise

Posted on June 29, 2022

On June 24, the Tokyo Governor approved the formation of the redevelopment committee for the Toranomon 1 Chome East District Project. This will see a 180-meter tall office tower built just in front of Toranomon Station.

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Tokyo apartment asking prices increase for 23rd month

Posted on June 24, 2022

According to Tokyo Kantei, the average asking price of a 70 sqm second-hand apartment in Tokyo’s 23 wards was 67,990,000 Yen (approx. US$502,000) in May 2022, up 0.1% from the previous month and up 7.8% from last year. This is the 23rd month in a row to see an increase.

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National Theatre of Japan to be demolished next year

Posted on June 22, 2022

On June 17 the Japan Arts Council announced that the National Theatre of Japan will officially close its doors at the end of October 2023 with the modernist building to be demolished and redeveloped.

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Housing inventory down 44% in Tokyo since start of pandemic

Posted on June 17, 2022

We have about twice as many people looking for houses than apartments, yet detached homes represent less than 15% of total housing inventory (houses and apartments) available for purchase across Tokyo. As a licensed brokerage, we have access to the entire market but cannot stress enough just how hard it is to source homes for clients.

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Shibuya Marui department store to be rebuilt with wood

Posted on June 16, 2022

On May 27, Marui Group announced that the Shibuya Marui department store will temporarily close its doors on August 28 while the 51-year old building undergoes redevelopment.

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Welcome to our company blog, where we provide commentary, news articles, market reports and other useful tips and opinions to keep you informed about Japan’s real estate market.

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