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Greater Tokyo’s population sees a net inflow for the 23rd year in a row

In 2018 the greater Tokyo region (Tokyo, Saitama, Chiba and Kanagawa prefectures) recorded the 23rd consecutive year of net population growth with a net inflow of 139,868 residents (135,600 of whom were Japanese citizens). This is a 16.8% increase from the net inflow seen in 2017 and the second year in a row to record an expansion in the growth rate. Over half of the net inflow were those aged between 20 and 24. 

Greater Tokyo apartment sale prices down in January, ending 72-month streak

According to REINS, 2,667 second-hand apartments were reported to have sold across greater Tokyo in January, down 10.7% from the previous month but up 1.0% from January 2018. The average sale price was 32,940,000 Yen, down 2.5% from the previous month and down 1.9% from last year. The average price per square meter was 514,600 Yen, down 1.8% from the previous month and down 0.3% from last year. This ends a 72-month streak of year-on-year increases in sale prices. 

Former Tsukiji Fish Market to become a conference center

THE FORMER TSUKIJI FISH MARKET IN AN UNDATED PHOTOGRAPH VIA GOCHO CONSTRUCTION INDUSTRY

The Tokyo Metropolitan Government is firming up plans to redevelop the former Tsukiji Fish Market in downtown Tokyo into an international conference and exhibition center. Earlier rumors had suggested the site could become a sports stadium, shopping mall or a food-based theme park.

The most expensive apartments in Tokyo over the past 30 years

Park Mansion Roppongi

On January 26, Recruit Sumai Company released a ranking of the most expensive condominiums developed across Tokyo over the past 30 years. Not surprisingly, the most expensive apartments were all built during the bubble years in the early 1990s. The list is missing a few recent high-priced condos such as Toranomon Hills (3,000,000 ~ 4,000,000 Yen/sqm), Park Mansion Roppongi Hinokicho-koen (up to 10,000,000 Yen/sqm), and Branz Roppongi The Residence (2,800,000 Yen/sqm). 

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