Our Japan Property Market Report for 2021

2021 saw much of the country in a state or semi-state of emergency for most of the year. Nevertheless, the Nikkei stock index ended the year at the highest level seen since 1989. The real estate market also steamed ahead as buyers appeared to be unfazed by the pandemic.  For most sectors of the real estate market, conditions remained somewhat similar to 2020. Residential prices continued to rise as inventory dwindled. Rental prices diverged as larger apartments saw rents rise while smaller studios saw rents fall.

Please feel free to view or download the PDF of our annual Japan Property Market Report, linked below.

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Luxury rental apartments added to Torch Tower

A recent use-change will see some luxury rental apartments added to Japan’s tallest tower-to-be. On January 8, the Nikkei Shimbun newspaper reported that the 390-meter tall Torch Tower, on the northern side of Tokyo Station, will have around 50 apartments with monthly rents ranging from 1 ~ 5 million Yen (approx. US$8,650 ~ $43,200). The largest apartment will be in the 400 sqm (4,300 sq.ft) range.

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Daikanyama Address The Tower 23F

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¥139,000,000

Apt. 23F | 1 Bedroom + 1 Bathroom |  57.51 sqm (619 sq.ft)
Daikanyamacho, Shibuya-ku, Tokyo

Price per square meter: ¥2,417,000 | Monthly building fees: ¥29,080


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