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.

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FOR SALE: Contemporary, designer house in Shimokitazawa

Price: ¥620,000,000 (approx. 5.6 million USD)

A contemporary, architect-designed home in the trendy Shimokitazawa neighborhood in Tokyo is up for sale. The house, with a floor area of over 4,000 sq.ft, was designed by artechnic and built in 2018. Artechnic has received a lot of attention in design magazines for their ‘Shell’ house in Karuizawa.

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Apartment rents in Tokyo increase by 5.3% in 2018

The average rent for an apartment in Tokyo’s 23 wards saw a 5.3% year-on-year increase in 2018 – the highest annual percentage increase in over 10 years. This was due in part to the fact that over 10% of the listings in the first half of the year were new construction. Newly built apartments tend to command higher rents than older ones, and can pull up the average. Average rents in Tokyo are now up 16% from their bottom in 2012.

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Greater Tokyo second-hand apartment prices increase for 72nd month in a row

According to REINS, 2,987 second-hand apartments were reported to have sold across greater Tokyo in December 2018, down 7.4% from the previous month and down 0.8% from the previous year. The average sale price was 33,800,000 Yen, up 2.5% from the previous month and up 1.8% from 2017. The average price per square meter was 524,100 Yen, up 3.1% from the previous month and up 0.9% from 2017. This is the 72nd month in a row to record a year-on-year increase in sale prices. 

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