Home buying in Japan: Why that second bathroom may cost you
One of the most requested things we receive from buyers looking for two or three bedroom apartments or homes is for two full bathrooms. While this might be standard in many overseas markets, in Japan it is incredibly rare to find such a property. There are at most 2 or 3 condo-type buildings in Tokyo where 2 bathrooms are standard in all apartments, and these apartments are priced at the higher end of the market. In fact, 99.9% of current apartment listings in Tokyo's 23 wards have just one bathroom.Read more
Sold Out: The Peak Azabu Nagasaka
On April 16, Odakyu Real Estate announced that all apartments in the newly-renovated The Peak Azabu Nagasaka condominium had sold out in March.
Tokyo Apartment Sales in April 2019
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of April 2019:
Greater Tokyo’s compact apartment market in 2018
According to the Real Estate Economic Institute’s report on the compact apartment market, smaller apartments are starting to account for a larger share of total supply.
Greater Tokyo apartment transactions reach highest level in history
In 2018, reported transactions of second-hand apartments across greater Tokyo reached the highest record in history. There were 37,601 sales reported for the year, up 1.2% from 2017.
Town planning decision for 200m tall tower in Nishiazabu
A town planning decision has been made for the Nishiazabu 3 Chome North-East District Redevelopment. The project will see a 200 meter tall mixed-use tower with residences, office, retail and a hotel. Construction is scheduled to start in 2020 2022 2023 with completion tentatively scheduled for 2025 2026 2028.