Larger apartments take up larger share of supply in Tokyo
Good news for buyers hoping to find a decently-sized apartment in Tokyo - the share of brand-new three-bedroom apartments over 100 sqm supplied to the market in Tokyo’s 23 wards so far in 2021 has reached 5.7%, up from a 5.1% share in 2020. This is still below the record high of 8.4% seen in 2007.
Tokyo Apartment Sales in October 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of October 2021:
Price growth higher for larger apartments
Last month, Tokyo Kantei published a report that looked into the connection between apartment sizes and prices, and to see if there have been any identifiable shifts since the start of the pandemic.
World Trade Center Building closes its doors
The World Trade Center Building in Hamamatsucho, Tokyo, officially closed its doors back in June, as developers prepare to redevelop the site. The 152-meter tall office tower was built in 1970.
Staffing company to lease Avex HQ
Staffing and outsourcing giant Pasona Group will be leasing the entire Avex Building in Omotesando.
More companies selling off real estate holdings in 2021
This year could see a record number of listed companies sell off real estate holdings, according to data collected by Tokyo Shoko Research.
Real estate tour of Shirokane
Shirokane is an affluent neighborhood known for parks, tree-lined avenues, Imperial estates, fancy restaurants and boutiques. Larger family homes, low-rise (and a few high-rise) apartments can be found. Property prices tend to be on the high end due to the esteemed reputation of the area. Join us on a real estate tour through Shirokane.