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.
For Sale: Yoshimura Junzo-designed house in Tokyo
Price: SOLD
This is a compact urban home designed by Yoshimura Junzo (1907-1997). Yoshimura got his start working at Antonin Raymond’s office before being transferred to Pennsylvania in 1940 for two years. He established his own architectural office after returning in the 1940s. His past clients have included the Rockefeller family and the Imperial Household. Yoshimura is one of Japan’s great modernist architects and his homes are often sought-after by collectors.
Central Tokyo apartment sale prices reach 2nd highest level
According to REINS, 4,117 second-hand apartments were reported to have sold across greater Tokyo in March, up 18.2% from February and up 7.8% from last year. This is the 3rd month in a row to record a year-on-year increase in transactions. The average sale price was 34,900,000 Yen, up 0.3% from the previous month and up 3.6% from last year. The average price per square meter was 539,600 Yen, up 1.3% from the previous month and up 3.6% from last year.