Construction starts on Nihonbashi high-rise
Construction has now started on a 52-story mixed-use development alongside Nihonbashi River. The 284-meter tall tower will include 100 luxury residences on the top four floors. A further 50 apartments will be included in the 7-story low-rise building alongside the river.
New apartment supply doubles in November as Athletes Village goes back on sale
The supply of brand-new apartments released for sale across greater Tokyo doubled in November as a large number of apartments in the Harumi Flag development on Tokyo Bay hit the market.
Hotel New Otani offering month-long stays for 2.8 million Yen
The Hotel New Otani in Tokyo is now offering long-term stays in their New Edo Residence rooms. So far, two former hotel rooms on the 21st floor in the Garden Tower have been refurbished and converted into a 77 sqm suite and a 55 sqm deluxe room.
Tokyo Apartment Sales in November 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of November 2021:
111 offers on an apartment in the Athletes Village
The third round of sales in Harumi Flag, the large-scale apartment project that had previously been used as the Athletes Village for the recent Summer Olympics, kicked off last month. This is the first sales activity to take place in two years, as sales were temporarily suspended due to the delayed games.
Wooden buildings on the rise in Japan
Japan is starting to see more mid-rise buildings constructed from wood materials. A revision to the Public Buildings Wood Use Promotion Act will go into effect on October 1, 2021, encouraging the use of domestic forest plantations planted after WWII not only in public buildings but also in privately developed buildings.
An apartment in Shinjuku for 99 Yen a month?
Who said living in Tokyo was expensive? IKEA Japan is offering a furnished rental apartment in Shinjuku for just 99 Yen (US 86 cents) a month.