Tokyo apartment sale prices increase for 64th month

Tokyo apartment sale prices increase for...

According to REINS, 2,641 second-hand apartments were reported to have sold across greater Tokyo in January 2018, down 12.3% from the previous month and down 7.7% from last year. The average sale price was 33,590,000 Yen, up 1.2% from the previous month and up 7.0% from last year. The average price per square meter was…

Tokyo Bay’s transport woes may leave Athlete’s Village an isolated outpost

Tokyo Bay’s transport woes may leave Ath...

The Nihon Keizai Shimbun morning paper has suggested that the post-olympic future of Tokyo’s Athletes Village, located on a man-made island in the bay, seems uncertain as the city looks to scale back plans for the bus rapid transit (BRT) system. Without adequate transport links, one major developer reported that the the potential salability of…

Tokyo apartment asking prices reach highest level since 1994

Tokyo apartment asking prices reach high...

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment across greater Tokyo was 35,770,000 Yen in 2017, up 2.9% from 2016 and the fourth year in a row to record a year-on-year increase. In the Tokyo metropolitan area the average asking price was 48,250,000 Yen, up 1.3% from…

Thai developer makes 30% on Niseko land sale

Thai developer makes 30% on Niseko land ...

Thai-based property company Pace Development has sold a 14 hectare block of land in Hokkaido’s Niseko area for 2.05 billion Yen (approx. 18.8 million USD). The buyer was Richforest International Investments Ltd. Pace had previously acquired the land in 2016 for approximately 1.56 billion Yen, resulting in a 30% gain over the past 18 months.

Kyoto to demolish 1 billion Yen EXPO 92 relic

Kyoto to demolish 1 billion Yen EXPO 92 ...

The Danish Pavilion built for EXPO 92 in Seville and relocated to Japan in 1993 may be demolished early this year. The pavilion was designed by Knud Holscher of KHR Architects AS and Erik Reitzel and debuted in Spain in 1992.  The town of Tanba (now part of Kyotamba town) purchased the building for approximately…

Tokyo’s net inflow of residents increases for 22nd year in a row

Tokyo’s net inflow of residents in...

The net inflow of population in the greater Tokyo (Tokyo, Saitama, Chiba and Kanagawa) area has increased for the 22nd year in a row. According to the Ministry of Internal Affairs and Communications, the area saw 419,283 new residents in 2017, with a net inflow of 119,779. Tokyo’s 23 wards saw a total of 361,906…

Sheraton to open in Kagoshima City in 2022

Sheraton to open in Kagoshima City in 20...

Nangoku Corporation, a general trading company located in Kagoshima City, announced that they have signed an agreement with Marriott International for a Sheraton-branded hotel to be built as part of a large redevelopment of a city block. This will be the 2nd Sheraton to open in Kagoshima Prefecture and the 10th in Japan.

Kyoto introduces new regulation for owners looking to demolish traditional machiya

Kyoto introduces new regulation for owne...

Kyoto City officials have voted in favor of a rule that will require owners of Kyoto’s traditional machiya townhouses to provide advance notice to the city prior to demolition. However, options to help reduce the burden of maintaining a historic home remain extremely limited. Without the support and participation from the local community this new…

Imperial Hotel up for potential redevelopment?

Imperial Hotel up for potential redevelo...

A nearby acquisition by Mitsui Fudosan has some industry experts suggesting that the1100-room Imperial Hotel near Hibiya Park in downtown Tokyo may be slated for future redevelopment. The hotel includes the main building that was built in 1970 along with a 31-storey office/hotel building at the rear that was completed in 1983. By the time…

Tokyo apartment sales in January 2018

Tokyo apartment sales in January 2018

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2018:

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