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Does your apartment building have earthquake insurance?
Published on 2011-06-15 01:36:41
*If you own an apartment in Japan, you can take out optional earthquake insurance. This insurance only covers your apartment and does not cover the common areas of the building or the structure itself. The management association for the building can > read more
Tokyo second-hand apartment sales down 10% in May
Published on 2011-06-12 22:12:46
Real Estate Information Network for East Japan (REINS) announced their results for real estate transaction movements in the Tokyo area for the month of May, 2011. A total of 2215 contracts were made on second-hand apartments. This is a fall of 10.7% > read more
Tokyo Bayside Condominium Market – From Boom to Bust
Published on 2011-06-10 00:09:23
Three months have now passed since the Tohoku Earthquake and Tsunami. The affected areas of Tokyo Bay are seeing a growing disparity between the desired purchase and selling prices of condominiums on the secondary market. Difference of 10 million Yen > read more
The 2011 Japan earthquake and what it means for the real estate market
Published on 2011-04-12 03:00:34
One month has passed since the March 11 Tohoku earthquake and tsunami. With strong aftershocks continuing and a nuclear disaster that was just upgraded to the maximum level, uncertainty remains over what will happen to the Japanese economy in the > read more
A message from Minato City regarding the Tohoku Earthquake
Published on 2011-04-07 01:38:38
On April 5, 2011, Minato City released the following bulletin: Damage within Minato-ku as of March 12, 2011 Minato-ku experienced a Shindo level (seismic intensity scale) of lower 5 on March 11. The whole of Tokyo was reported to have … Continu > read more
Damage to Urayasu City and Tokyo Disneyland
Published on 2011-03-20 19:26:44
The effects of March 11′s earthquake were felt in Tokyo’s bayside area which is mostly reclaimed land. There were cases of liquefaction, broken water pipes, gas outages and leaning buildings. “The north side of our house has sunk ab > read more
Damage to Urayasu City and Tokyo Disneyland
Published on 2011-03-20 19:26:44
The effects of March 11′s earthquake were felt in Tokyo’s bayside area which is mostly reclaimed land. There were cases of liquefaction, broken water pipes, gas outages and leaning buildings. “The north side of our house has sunk ab > read more
Serious Land Liquefaction in Odaiba, Tokyo
Published on 2011-03-16 21:02:37
The 2011 Sendai Earthquake has caused serious land liquefaction to Tokyo’s bayside reclaimed land areas (see images). Tokyo Disneyland and Tokyo Disney Sea in Chiba Prefecture suspended operations due to liquefaction in the carpark area where m > read more
Serious Land Liquefaction in Odaiba, Tokyo
Published on 2011-03-16 21:02:37
The 2011 Sendai Earthquake has caused serious land liquefaction to Tokyo’s bayside reclaimed land areas (see images). Tokyo Disneyland and Tokyo Disney Sea in Chiba Prefecture suspended operations due to liquefaction in the carpark area where m > read more
Land Liquefaction Risk Ratings in Tokyo
Published on 2011-03-15 23:19:59
During the March 11 earthquake, some areas along the bay area in Tokyo suffered damage from liquefaction. The above images are from Toyosu and Shinonome in Koto-ku. The following is a survey map of Tokyo showing the risk of liquefaction … Conti > read more
Land Liquefaction Risk Ratings in Tokyo
Published on 2011-03-15 23:19:59
During the March 11 earthquake, some areas along the bay area in Tokyo suffered damage from liquefaction. The above images are from Toyosu and Shinonome in Koto-ku. The following is a survey map of Tokyo showing the risk of liquefaction … Conti > read more
March 11 Earthquake and the condition of Tokyo
Published on 2011-03-13 08:55:06
The initial quake hit early on a Friday afternoon while many people were working. Tokyo’s 23 Wards recorded a Shindo Level of 5-upper. Click here to read about the Japanese seismic sales. Immediately after the quake, shopowners and local reside > read more
March 11 Earthquake and the condition of Tokyo
Published on 2011-03-13 08:55:06
The initial quake hit early on a Friday afternoon while many people were working. Tokyo’s 23 Wards recorded a Shindo Level of 5-upper. Click here to read about the Japanese seismic sales. Immediately after the quake, shopowners and local reside > read more
Nomura to rebuild two apartments in Shirokanedai
Published on 2011-03-10 07:04:05
Nomura Real Estate Development announced that they have the tender to re-build two adjacent condominium apartments in Shirokanedai, Minato-ku. The two apartment buildings are: - Shirokanedai Mansion, 1970, 91 units - Crown Shirokanedai, 1983, 7 units > read more
Nomura to rebuild two apartments in Shirokanedai
Published on 2011-03-10 07:04:05
Nomura Real Estate Development announced that they have the tender to re-build two adjacent condominium apartments in Shirokanedai, Minato-ku. The two apartment buildings are: - Shirokanedai Mansion, 1970, 91 units - Crown Shirokanedai, 1983, 7 units > read more
[Foreclosed] Colina De Luna Golf Course
Published on 2011-03-07 04:27:23
Court Evaluation: 41,908,000 JPY (511,000 USD) *UPDATE: The winning bid was 35,678,910 JPY (446,000 USD)* An 18-hole, par 71 golf course in Hokkaido is up for public auction this month. The Colina De Luna Golf Course was operating up until the end > read more
[Foreclosed] Colina De Luna Golf Course
Published on 2011-03-07 04:27:23
Court Evaluation: 41,908,000 JPY (511,000 USD) An 18-hole, par 71 golf course in Hokkaido is up for public auction this month. The Colina De Luna Golf Course was operating up until the end of 2010 and was in playable condition. This property … > read more
Land values in central Tokyo increased as much as 70% since 2000
Published on 2011-03-06 04:51:50
Land values in prime central Tokyo area have typically increased over the past 10 years. In some areas the increases have been as high as 71%. Despite the Lehman Shock in 2008 where land prices have fallen, land values in … Continue reading > read more
Land values in central Tokyo increased as much as 70% since 2000
Published on 2011-03-06 04:51:50
Land values in prime central Tokyo area have typically increased over the past 10 years. In some areas the increases have been as high as 71%. Despite the Lehman Shock in 2008 where land prices have fallen, land values in … Continue reading > read more
Hirakawacho Mori Tower Residence 20th Floor (Re-Sale)
Published on 2011-03-05 20:54:53
Price: 168,000,000 JPY (2.02 million USD) A 2-bedroom corner unit on the 20th floor in Hirakawacho Mori Tower Residence has been advertised for sale on the secondary market this week. This is a fairly reasonable asking price, and is similar to th > read more
Hirakawacho Mori Tower Residence 20th Floor (Re-Sale)
Published on 2011-03-05 20:54:53
Price: 168,000,000 JPY (2.02 million USD) A 2-bedroom corner unit on the 20th floor in Hirakawacho Mori Tower Residence has been advertised for sale on the secondary market this week. This is a fairly reasonable asking price, and is similar to th > read more
Settlement reached over Ginza Building
Published on 2011-03-05 04:55:35
Tokyu Land Corporation settled a dispute with H20 Retailing and subsidiary Hankyu Shopping Development regarding the eviction of the Mosaic Ginza Hankyu Department Store in the Ginza Toshiba Building. H20 is has occupied the building since 1953 when > read more
Settlement reached over Ginza Building
Published on 2011-03-05 04:55:35
Tokyu Land Corporation settled a dispute with H20 Retailing and subsidiary Hankyu Shopping Development regarding the eviction of the Mosaic Ginza Hankyu Department Store in the Ginza Toshiba Building. H20 is has occupied the building since 1953 when > read more
[Foreclosed] Sunny Hill Golf Course @ 140 Yen/sqm
Published on 2011-03-03 17:16:21
Court Evaluated Price: 45,052,400 JPY (440,000 USD) This unfinished golf course spread over 32 hectares in Tochigi Prefecture is under foreclosure. The site is less than a 2 hr drive from the center of Tokyo. Approval to develop the site … Cont > read more
[Foreclosed] Sunny Hill Golf Course @ 140 Yen/sqm
Published on 2011-03-03 17:16:21
Court Evaluated Price: 45,052,400 JPY (440,000 USD) This unfinished golf course spread over 32 hectares in Tochigi Prefecture is under foreclosure. The site is less than a 2 hr drive from the center of Tokyo. Approval to develop the site … Cont > read more
Mountain Home in Tokyo
Published on 2011-03-01 21:24:04
Price: 25,000,000 JPY (300,000 USD) Located in Western Tokyo, this quaint mountain-side home in Akurino borders the Aki River. The property is located within Tokyo’s National Park area and is subject to natural park laws. It is 64 minutes by &# > read more
More areas in Japan see increases in land prices
Published on 2011-02-28 17:09:57
On February 24, 2011, the Ministry of Land, Infrastructure and Transport (MLIT) announced the latest Japan-wide land price trends in their “Land Price LOOK Report” for January 1, 2011. Of the 150 surveyed districts across Japan, 16 distri > read more
Motoazabu Hills Penthouse For Sale
Published on 2011-02-24 17:07:38
Price: 520,000,000 JPY (6.26 million USD) This 2-bedroom maisonette apartment on the 28th and 29th floors of the landmark Motoazabu Hills apartment complex offers amazing views over Tokyo. This is ultimately the best residential building in Japan. Fe > read more
Average Price of an Apartment in Shibuya-ku, February 2011
Published on 2011-02-23 20:54:48
The following price guide is based on current real estate listings for apartments in Shibuya-ku, Tokyo. Actual prices vary depending on factors such as age, location, distance to station, views and so on. The average price of an apartment in … > read more
2010 Land Price Survey of Tokyo
Published on 2011-02-22 17:23:19
The results of the 2010 Land Price Survey of Tokyo have been explained in an English report by the Tokyo Association of Real Estate Appraisers. Some of the key points from the report are summarized below: - some locations in … Continue reading > read more
Traditional Japanese Shophouse in Tokyo for Sale
Published on 2011-02-22 06:31:29
Price: 65,800,000 JPY (800,000 USD) This 2-storey shophouse in Koenji, Tokyo, was built over 75 years ago by a “Miya-daiku” master carpenter (Miya-daiku are specialist craftsmen who design shrines and temples). The house features traditional Japa > read more
Japan’s largest apartments
Published on 2011-02-21 08:11:08
The following is a ranking of the residential buildings across Japan with the largest average apartment size. The original list was published in Tokyo Kantei’s [Apartment Data White Paper 1956-2006]. These apartments were built during JapanR > read more
New apartment price movements in Tokyo
Published on 2011-02-19 23:25:18
The following is a chart of the average price movements for brand new apartments in Tokyo from 2005 to 2010. Data is collected by Tokyo Kantei. The following 5 areas had increases in the average price over the past 5 … Continue reading → > read more
Average Price of an Apartment in Minato-ku, February 2011
Published on 2011-02-19 05:05:03
The following price guide is based on current real estate listings for apartments in Minato-ku, Tokyo. Actual prices vary depending on factors such as age, location, distance to station, views and so on. The average price of an apartment … > read more
Designer House in Minamiaoyama 6 Chome
Published on 2011-02-17 22:20:40
Price: 458,000,000 JPY (5.5 million USD) This 4,000 sqft designer home is located in fashionable Omotesando and just behind Kotto Dori Avenue – a famous antique and boutique lined street. The house was designed by award-winning Sakakura Associa > read more
2 units in Cloisters Hiroo for Sale
Published on 2011-02-13 17:12:45
Average Price: 1,873,000 JPY/sqm (2120 USD/sqft) Two large units are currently for sale in Cloisters Hiroo. The low-rise apartment building was designed by Archi Site Mobius and developed and constructed by Kajima Corporation. Situated alongside Nise > read more
Former Otaru Chamber of Commerce For Sale
Published on 2011-02-12 23:49:17
Price: 50,000,000 JPY (610,000 USD) The former Otaru Chamber of Commerce & Industry Building in Hokkaido is for sale. The exterior is carved stone, and the entrance is done in marble. This is a historically listed building that was built in R > read more
Is it really smart to buy a South-facing apartment?
Published on 2011-02-11 03:45:54
When looking at an apartment to buy or rent in Japan, everyone is told to look for places that are south-facing as these rooms get the most sunlight throughout the day and year round. Real estate search engines even have … Continue reading U > read more
[Foreclosed] Land in Minamiaoyama 2 Chome
Published on 2011-02-10 07:51:50
View Larger Map Court Evaluated Price: 150,000 JPY (1830 USD) The cheapest (and smallest) land you will ever find in Omotesando. The land is in a laneway just behind Aoyama Dori Avenue and is 200 meters from Gaienmae Station and … Continue read > read more
Japan investment property returns increase by as much as 2% over past 3 years
Published on 2011-02-09 03:51:49
Data released by Japanese real estate company, First Logic, has shown the average return from an investment building in Japan has increased by as much as 2% over the past 3 years. The data collected from property listing information on … Contin > read more
130 yr old Japanese House For Sale
Published on 2011-02-07 08:57:06
Price: 32,000,000 JPY (390,000 USD) Traditional Japanese home for sale in Gunma Prefecture. Built in 1877, this house is over 130 years old. The property has been well maintained over the generations. The grounds include a Koi pond, Japanese storeho > read more
[Foreclosed] Historic Hotel in Hakodate
Published on 2011-02-06 07:48:31
Court Evaluated Price: 39,600,000 JPY (483,000 USD) A historically listed hotel in Hokkaido’s Hakodate City is up for public auction. “Auberge Kokian” was built in 1909 in the Wayo-Secchu style of architecture (a blend of Japanese and Western) > read more
Apartment with indoor putting green
Published on 2011-02-05 21:07:31
In an effort to make this 3-bedroom apartment in central Tokyo stand out from the rest, renovations included an indoor putting green located just to the left of the unit’s entrance. The rest of the apartment is renovated to par. … Continue re > read more
Pro-baseballer sued for not paying sales brokerage
Published on 2011-02-02 02:34:33
A pro-baseball player from the Hanshin Tigers was recently involved in a court dispute over refusal to pay brokerage fees for an apartment he purchased with his wife in Kobe City. On January 21, 2011, the Kobe District Court ordered … Continue > read more
Debate continues on restricting foreign purchases of land
Published on 2011-01-29 23:21:19
The debate about restricting foreign ownership of land continues with the Japan Times recently publishing an article on the latest developments. The ruling Democratic party has established a team to research the issue. The team will meet twice weekly > read more
Mitsui Real Estate ties up with Beijing Homelink
Published on 2011-01-29 09:47:45
Mitsui Real Estate Sales announced a new venture with Beijing Homelink Real Estate Service Brokerage, the biggest property agency in Beijing, to offer brokerage services for wealthy Chinese looking to purchase apartments in Japan. Mitsui is also cons > read more
Gunma Golf Course For Sale
Published on 2011-01-23 06:00:36
Price: 150,000,000 JPY (1.8 million USD) Size: 664,690 sqm 226 JPY/sqm A par-72, 18 hole hillside golf course is for sale in Gunma Prefecture. The property is spread over 66 hectares and is a 2 hr drive west of Tokyo. … Continue reading → > read more
Renting vs. buying in Japan: How to cut your rent by up to 50%
Published on 2011-01-23 00:11:43
Japan’s real estate market offers relatively high rental yields. Coupled with a low cost of funds (1% interest rates from Japanese banks) the net return is one of the most appealing features to many investors. The typical rental yield &# > read more
Central Tokyo prices up 1.9% in 2010
Published on 2011-01-16 03:17:46
On January 13th, 2011, Mitsui Fudosan announced the 2010 residential price movements. Prices in Tokyo rose 1.0% in 2010, compared with a 4.5% decline in 2009 after the Lehman Shock. This is the first increase since 2007. An improvement in … Con > read more
[Foreclosed] Toranomon Towers Residence Penthouse
Published on 2011-01-11 23:31:48
Court Evaluated Price: 300,860,000 JPY (3.6 million USD) Size: 215.33sqm (2,300 sqft) The unit is on the top floor of Kajima Corporation’s Toranomon Towers Residence. The corner unit overlooks Tokyo Tower and includes use of wine cellar and tru > read more
Road for sale in Fukushima (Starting Bid: $12)
Published on 2011-01-11 23:28:51
This road in Fukushima Prefecture has been seized by the local city and is up for public auction. The starting bid is 1,000 Yen (12 USD) for the 20sqm piece of land and asphalt. The road was built in 1973 … Continue reading → > read more
Lake Yamanaka Vacation Home
Published on 2011-01-11 08:28:06
Price: 38,000,000 JPY (458,000 USD) This beautifully finished vacation house is just a 10 minute walk to Lake Yamanaka, at the base of Mt Fuji. As it is currently used as a studio, some alterations may be required to make … Continue reading > read more
Minato-ku apartment prices increased 61% over past decade
Published on 2011-01-10 03:39:34
An apartment consulting company, Total Brain, has analyzed condominium apartment prices in Tokyo’s central 6 wards (Minato, Shibuya, Shinjuku, Chiyoda, Chuo and Bunkyo ku) from the year 2000 to 2010. The average apartment price in all of these > read more
Japan’s first million-dollar apartment
Published on 2011-01-08 20:46:45
Price: 96,000,000 JPY (1.16 million USD) Size: 134.65sqm (1450 sqft) Price per sqm: 713,000 JPY (800 USD/sqft) Akasaka Park Mansion was Japan’s first building to have an apartment priced over 100 million Yen. The “Park Mansion” apartments by Mi > read more
[Foreclosed] Motoazabu 3 Chome Land
Published on 2011-01-08 07:54:53
Court Evaluation Price: 289,530,000 JPY Size: 330.89 sqm Bidding: Jan. 25 – Feb. 1, 2011 This 100 Tsubo (330 sqm) plot of land caught my attention last year when the coin-parking machines were removed and it was left vacant. This land is R > read more
[Foreclosed] UT Building, Shibuya
Published on 2011-01-02 01:29:05
The mystery of the shrouded building along Aoyama Dori is solved – it has gone into foreclosure. The court evaluated price is 1 billion JPY (12.1 million USD). The developer seems to have gone bankrupt and could not pay the … Continue rea > read more
Azabudai Park House (Leasehold land)
Published on 2011-01-01 22:49:28
Price range: 65 – 840 million JPY (780,000 – 10.1 million USD) Size range: 45 – 325 sqm (484 – 3500 sqft) Average price/sqm: 1,720,000 JPY (1925 USD/sqft) Warning: This is a Fixed Term Leasehold and Right to Lease Property > read more
[Foreclosed] Christy Homes 1F, Motoazabu
Published on 2011-01-01 01:25:50
View Larger Map This apartment had been listed on the market since late 2009 with an initial asking price was 135,000,000 JPY, later reduced to 118,000,000 JPY (1,420,000 USD). The current court evaluated price is 61,530,000 JPY (740,000 USD). The &# > read more
New Apartments in Tokyo in 2011
Published on 2011-01-01 00:42:15
View Larger Map The following is a list of some of the residential apartments in central Tokyo that will be completed in 2011. Click on the links below for details on each unit. Sunwood Shoto – January 2011 Average price/sqm: … Continue r > read more