What is the state of the Tokyo new condominium market and where is it likely headed?
By Jeff Wynkoop March 31 is the end of the fiscal year for a huge majority of companies in Japan. Looking back at the last year, we saw the Official Land Prices (koji chika) for residential zones in Tokyo’s 23... More
Ariake Garden: Huge Commercial and Residential Complex Coming to Tokyo Bay’s Ariake Area
Sumitomo Realty & Development Co., Ltd. will open a large commercial development called Sumitomo Real Estate Shopping City Ariake Garden in the Ariake district of Koto Ward, Tokyo on April 24th this year. The facility will be the cornerstone of Ariake... More
Supply of New Apartments For Sale in Osaka Area at 27 Year Low
Condominium developers in the greater Osaka region slammed on the breaks in January, as the number of new apartments offered for sale slipped to a 27-year low. There were 621 newly-constructed units released for sale last month, the fewest since... More
Price of a New Apartment in Tokyo 23 Wards Tops 100 Million Yen for First Time in 27 Years
The average sales price of a new apartment sold in the Tokyo 23 Wards hit ¥105,110,000 ($942,000) in January 2020, a year-on-year increase of 38.7% and breaking the ¥100 million mark for the first time in 27 years. Newly constructed... More
Ministry of Land Begins Flight Tests of New Haneda Airport Routes Over Central Tokyo: Noise Concerns
On February 2nd, Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) began flight tests of large commercial passenger aircraft along the new Haneda Airport routes that are set to begin on March 29th. Currently, only landing routes flying over... More
Older Apartments in Greater Tokyo Have a Banner Sales Year in 2019
Sales of previously owned (re-sale) apartments in the greater Tokyo area had a record-breaking year in 2019, with sales contracts hitting a new high and surpassing the 38,000-level mark for the first time. This is according to a recently released... More
Average Price of a Pre-Owned Apartment in Greater Tokyo Reaches a New High – January 2020 Update
In December 2019, the average listing price of a pre-owned apartment in the greater Tokyo region hit a new all-time high of ¥37,440,000 ($344,000), a year-on-year increase of 0.4% and up 1.3% compared to November. This price point also surpassed the 2019... More