Government to Slap TATERU with Order to Cease Operations for Falsifying Mortgage Loan Docs

TATERU, the construction and property management company listed on the first board of the Tokyo Stock Exchange, is to be issued an order to cease operations by the Ministry of Land, Infrastructure, Transport and Tourism, in connection with TATERU’s falsifying... More

What is the Average Sales Price for a Tokyo Apartment in 2019? And Are Prices Up Compared to 2018?

The 2019 average sales price for a new apartment in the greater Tokyo area is ¥60,980,000 ($557,000) and average sales prices for January to April have increased about 3.9% across greater Tokyo, compared to 2018 annual average prices. Another key takeaway... More

Ministry of Land to Investigate Possible Fraudulent Use of Fixed-Rate Low-Interest Flat 35 Mortgage Loans for Investment

Japan’s Ministry of Land announced on May 7th that it will investigate possible illegal use of Flat 35 loans by some borrowers to finance investment properties. Flat 35 loans, which are backed by the government-affiliated Japan Housing Finance Agency (JHF),... More

Tokyo Market Trends

Buyers Scooped Up Apartments in Greater Tokyo at Record Pace in FY2018: Here’s What They Paid

Buyers bought apartments in the greater Tokyo area at a record pace in FY2018 (April 1, 2018 to March 31, 2019), according to a report recently released by the Real Estate Information Network System (REINS). The greater Tokyo region consists of... More

Shibuya Scramble Square – 230-Meter High Skyscraper With Open-Air Observation Deck to Open in November 2019

Tokyu Corporation has announced that “Shibuya Scramble Square” a 230-meter high mixed-use skyscraper located directly above Shibuya Station, with indoor and outdoor observation decks, will open for business in November. The opening of what will be the tallest building in... More

Daiwa House – Japan’s Leading Home Builder – Admits to Ignoring Whistleblower Report of Construction Defects for 1.5 Years

Daiwa House Industry, Japan’s leading home builder, announced on April 12th that 2,000 of its single-family homes and multi-family buildings located throughout Japan are likely in violation of the Building Standards Law. Construction defects in the affected structures range from... More

LeoPalace21 Reveals Defects in Buildings Constructed in 2018: Another 3,700 Buildings Affected

In a fresh blow to its brand, LeoPalace 21, the operator of over 30,000 budget apartment units across Japan, announced on April 10th that it has uncovered shoddy construction in another 3,784 buildings, bringing the total number of buildings with... More