Same-day sell out in Harumi Flag high-rises
Apartments in the two high-rise towers in Harumi Flag went on sale earlier this month. A total of 8,790 purchase applications were made on the 573 apartments released for sale, with an average of 15.3 applications per apartment. Lucky buyers were selected via a raffle system.Read more
Daikanyama housing village sold
Nomura Real Estate Development has acquired the Bess Square housing display site in Daikanyama for an undisclosed price.Read more
Rosenka land values increase for 2nd year in a row
Land values continue their ascent as the country emerges from the pandemic. The nationwide ‘rosenka’ land tax values, announced by the National Tax Agency on July 3, saw an average increase of 1.5% from last year. This is the second year in a row to see an increase, and a higher rate of increase from the 0.5% growth seen last year.Read more
An update on the long-awaited ‘Roppongi Hills 2’ project
It’s been a while since we had an update on the ‘Roppongi Hills 2’ project in Tokyo. Luckily, some more concrete project details were made public for online viewing between June 24 and July 3. Read more
Tokyo Commodity Exchange to be demolished
Demolition of former Tokyo Commodity Exchange Building in Nihonbashi-Horidomecho starts this month. The building is just 24 years old.Read more
Tokyo new apartment prices remain above 100 million Yen for 3rd month
For the third month in a row the average sale price of a brand-new apartment in Tokyo’s 23 wards has exceeded 100 million Yen. In May, the average price was 114,750,000 Yen (approx. US$808,000), up 47.9% from last year.Read more
Tokyo remains one of the cheapest international cities for luxury housing
Luxury housing in central Tokyo remains amongst the cheapest in the top global cities. A luxury condominium in Tokyo’s high-end Motoazabu neighborhood is about 59% cheaper than its Hong Kong equivalent and 45% cheaper than one in London, according to the Japan Real Estate Institute.Read more