Daikanyama’s Hillside Terrace turns 50
Hillside Terrace, a local landmark in Daikanyama, turns 50 this year. The retail, commercial and residential complex was built over several stages starting in 1969.
A typical workday for a real estate broker in Japan
This is an example of one of my workdays. If you were ever wondering what a real estate broker in Tokyo does during the day, this might be of interest.
Tokyo Bay’s largest retail complex to open in 2020
Sumitomo Realty & Development has released details on their mega retail project for Ariake island in Tokyo Bay.
Median sale price of new apartments up 2.1%
According to the Real Estate Economic Institute, the median price (not the average) of a brand-new apartment released for sale across greater Tokyo in the first half of 2019 was 53,990,000 Yen, up 2.1% from the first half of 2018 and up 4.0% from 2017. The average price, meanwhile, was 61,370,000 Yen, up 2.9% from 2018 and up 4.3% from 2017.
Luxury apartments planned for historic art deco building
Real estate developer Mitsui Fudosan Residential is planning a large-scale, luxury apartment project for the former Tokyo Service Center building in central Tokyo.
Foreign funds return with force in 2019
With ultra-low interest rates and one of the highest yield gaps in international cities, foreign funds are increasingly turning their attention towards real estate in Tokyo and the rest of Japan.
Tokyo apartment prices increase for 6th month
According to REINS, a total of 3,233 second-hand apartments were reported to have sold across greater Tokyo in July, down 7.4% from the previous month but up 3.0% from last year. The average sale price was 34,420,000 Yen, up 2.4% from the previous month and up 2.4% from last year. The average price per square meter was 535,100 Yen, up 1.4% from the previous month and up 2.6% from last year. This is the 6th month in a row to see a year-on-year increase.