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.

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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. 

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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.

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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.

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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. 

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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.

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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. 

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