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Audit of Earthquake Retrofitting of Large Buildings in Japan Finds Status Unknown or Insufficient for 70%

A recent survey of large buildings in Japan built prior to 1981 has found that the status of earthquake retrofitting for about 70% of buildings surveyed is either unknown or insufficient. This is according to the results of an audit... More

Average Price of a Pre-Owned Apartment in Tokyo Hits a New High

In the first seven months of 2019, the average listing price of a pre-owned apartment in Tokyo hit a new all-time high at ¥50,270,000 ($465,600), a year-on-year increase of 2.5%. This is according to a recent report released by Tokyo... More

Japan Land Prices Grow for 2nd Consecutive Year: Concentrated in Major Cities

The average price of land in Japan climbed 0.4 % year-on-year, the second consecutive year with an uptick. This is according to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT)’s Standard Land Price (基準地価, Kijun Chika) survey for 2019,... More

Market Trends

What is the average sales price of a Tokyo apartment? — 2019 Mid-Year Update

The average sales price of a new apartment sold in the greater Tokyo region, as of July 2019 was ¥56,760,000 (about $533,500). The average price per square meter was ¥860,000 (about $8,091), or about $7,790 per square foot.  The greater... More

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