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Reinforced concrete multi family yields declined for the ninth straight quarter due to rising prices.
On April 12th, Kenbiya released their quarterly report on market trends for residential investment properties for the January to March period of 2022. The report compiles average property prices and gross yields for residential income-producing properties (condominiums, wood frame multi family build...
The plans will completely transform the area around the nascent Yamanote line station.
On April 21st, the East Japan Railway Company announced the outline of plans for the Takanawa Gateway City (tentative name) Urban Development Project. This is the first phase of the Shinagawa Development Project being promoted by the company. Taking advantage of the location's convenient access to T...
The regulations come into effect May 18th and need prior consent from both parties before digitally signing any real estate documentation.
On April 22nd, The Cabinet of Japan approved the Cabinet Order for Partial Revision of the Order for Enforcement of the Building Lots and Buildings Transaction Business Law and the Order for Enforcement of the Law for Securing Stable Housing for the Elderly.
Tokyo based architect and aviator Riccardo Tossani discusses Haneda Airport flight paths and their effect on property values in the capital.
As I write this on the roof terrace of my architectural studio, embraced by Shibuya’s crescent skyscrapers, the ambient hum composed of neighborhood traffic, birds chirping and snippets of laughter from nearby streets and schoolyards is suddenly displaced by the rolling thunder of two low-flying, ...
According to 2021 data recently released by the MLIT.
On April 28th, The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) released their statistical survey of housing starts for 2021. The original Japanese data is linked below at the bottom of this article. The number of new housing starts in 2021 was 865,909 starts, up 6.6% from the prev...
ZEH compliant investment housing orders increased 120 percent from the previous year as well.
On April 20th, Sekisui House (1928:JP) announced that 92 percent of their newly built freestanding houses in 2021 were built to meet ZEH specifications illustrating the demand from homebuyers for these types of houses. Cumulatively, the company built 69,163 houses nationwide by the end of March, 202...
Mitsui Fudosan and Mitsubishi Jisho team up after 38 years to continue the Garden Hills line after the still highly valued estate in Hiroo.
On April 25th, Mitsui Fudosan Residential and Mitsubishi Jisho Residence announced the permanent name of “Mita Garden Hills" for the, until now, tentatively named "Mita 1-chome, Minato-ku, Tokyo Project"; a residential gentrification project that will include 1,002 units ranging from studio to 4 b...
According to survey data released by the SUUMO Research Institute.
On April 12th, SUUMO Research Center, the housing arm of parent company’s Recruit Research Institute in, released the results of its Metropolitan Area New Detached Houses for Sale Contractor Trend Survey for 2021, covering purchasers of new freestanding homes in the Greater Tokyo Area (Tokyo, Kana...
The most LOIs submitted for one unit was 69 applications.
On April 12th, ten developers*, including Mitsui Fudosan Residential, announced that all 557 units of Harumi Flag (Chuo Ward, Tokyo), which went on sale in March, have received purchase applications. The number of registered applicants was 3,685 families. The maximum number of applicants for one uni...
REthink Tokyo reviews the Japan chapter in his book Disunited Nations: The Scramble for Power in an Ungoverned World.
If John Krasinski and Jared Diamond had a child, it would be Peter Zeihan.
Ikebukuro and Mitaka also popular according to data released by the AtHome property portal.
On February 4th, AtHome announced their Popular Station Rankings for Tokyo Prefecture, Tokyo 23 wards, and Tokyo non-23 wards reports. Measuring page views on their portal site between December 1st and December 31st of 2021, the rankings were constructed by aggregating which property details pages w...
March data saw prices rise but transaction volume dropped 19 percent possibly showing early signs of market slowdown.
On April 11th, The Real Estate Transaction Promotion Center released March, 2022 transaction trends for nationwide second hand homes. The average transacted price of existing condos was 33.09 million yen (up 7.08% YoY), and the average price per square meter was 502,000 yen (up 8.71% YoY), both posi...
Brandon Smith, Director of Real Estate Recruiting at East West Consulting, discusses what companies can do to keep staff who are capable of going out on their own.
It is a story I’ve heard many times before. A candidate comes to me dejected looking for a new opportunity after working many years at a real estate company. I scratch the surface to learn more about what happened. They proposed an idea they felt very passionately about and their company initially...
The strata title development is the first in Japan built to meet the New Private Lodging Business Act regulations.
On April 8th, Sankei Building and Tokyu Land Corporation announced they will begin development of the Hakone Sengokuhara Hotel Condominium and Residence (tentative name) located in Hakone-machi, Ashigarashimo-gun in Kanagawa Prefecture.
Brand new prices dropped 5 percent while second hand home prices rose 12 percent.
On April 7th, Tokyo Kantei released their March of 2022 average price reports for new and second hand wood frame freestanding houses in the Greater Tokyo Area (GTA). The GTA consists of Tokyo, Saitama, Chiba and Kanagawa prefectures. Both reports cover freehold only properties with lot sizes between...
The house design has the highest seismic resistance rating using architecture commonly used in skyscrapers.
On April 5th, Panasonic Homes will begin selling their Casart Black & Stone model, a Zero Energy Home (ZEH) from April 6th. The exterior features a stately design with black sashes and large natural stone tiles. The structure is a steel-frame axis with seismic damping, which is normally used in skys...
Yamato Juken and AEON Product Finance team up to bring clean energy living to the masses.
On January 6th, Yamato Juken, a Hyogo Prefecture based home builder, annoucned it has teamed up with AEON Product Finance, a subsidiary of AEON Financial Service, to offer a package loan that allows customers to buy a Zero Energy Home (ZEH) and an electric vehicle (EV) under one loan.
Office renters can take advantage of hotel services like pool access and room service.
On April 5th, Kintetsu Miyako Hotels announced that it will renovate some guest rooms at the Sheraton Miyako Hotel Tokyo and develop Miyako Hotels & Resorts' first serviced office operations. Serffice KK, a firm that specializes in serviced office operations, will offer 11 rooms on the second floor....
Freestanding home subdivisions could qualify for up to 20 million yen in power line burial subsidies.
On April 1st, the Tokyo Metropolitan Government announced the continuation and expansion of their pilot project to eliminate hydro poles in residential land developments. The project was originally implemented from FY2020 to FY2021 and has been expanded and renamed to promote the full-scale preventi...
Daiwa will use the added inventory to strengthen their one stop real estate solution brand Livness.
On March 29th, Daiwa House Industry (1925:JP) announced that it acquired 1,649 land parcels with fixed-term leasehold rights in 24 locations across Japan previously owned by the Urban Renaissance Agency (UR) on March 18th, bringing the total land parcels acquired by Daiwa House to 2,271, including 6...
Down the most were Flat 35 loans at minus 14 percent from the same timeframe in 2020.
On March 30th, the Japan Housing Finance Agency (JHF) announced the amount of new mortgage loans by business category for the October to December period of 2021 and compared the data to the same period in 2020. According to the JHF, new mortgages by financial institutions totaled 5,425.6 billion yen...
Sales commenced for Open Residencia Nakano Arai Court and Open Residencia Kagurazaka First.
On March 22nd, Open House Development commenced first phase sales of their yet to be built condominiums Open Residencia Nakano Arai Court (23 units in Nakano Ward, Tokyo) and Open Residencia Kagurazaka First (25 units in Shinjuku Ward, Tokyo). Those interested in learning more should send this artic...
Ziv Nakajima-Magen from Nippon Tradings International outlines excerpts from their annual white paper on Japan’s property market.
On February 8th, we at Nippon Tradings International published our annual summary and projections for the Japan Real Estate Market in 2021 to 2022. Below are some excerpts from the report with the link to the report at the bottom of this article.
Elaine Tung, Marketing Strategist at WealthPark, explains current property financing trends and what effect the pandemic has had so far.
Since the onset of the pandemic, rumour had it that banks throttled lending for individual investors looking to buy properties in Japan. With more than 2 years into the pandemic, it is valuable to look back and see what has actually happened to lending for the buy-to-let segment during these unprece...
Operations are scheduled to commence in the summer of 2022 assuming completion of regulatory approvals.
On March 28th, Sojitz Corporation (TSX:2768) announced that they signed an agreement with Goldman Sachs five days prior which commits to a new joint venture (JV) that will target second hand apartment building purchases for renovation to then be sold to institutional investors. The JV will be 25 per...
Mitsui Fudosan announced their green energy powered shared residence where tenants can subscribe for various lifestyle services.
On March 25th, Mitsui Fudosan Residential announced completion of Park Axis Kinshicho Styles, a 96 unit shared rental condominium in Tokyo’s Sumida Ward. Exterior CG image. Source: Mitsui Fudosan
New inventory seems to be tapping into previously unmet demand according to Savills Japan research.
On March 25th, Savills Japan released their Tokyo Residential: Ultra Luxury report. REthink Tokyo has highlighted key excerpts from the original below with the report linked in its entirety at the bottom of this article.
According to recent estimates calculated by Sumitomo Mitsui Trust Bank.
On March 23rd, Sumitomo Mitsui Trust Bank (SMTB) announced the results of their survey on financial assets and real estate estimated to be owned by elderly people with dementia in Japan.
Japan real estate law prevents realtors from charging you a brokerage fee however they still need to be paid for their effort before they can help you to their fullest.
Brand new condos offer buyers a unique opportunity when compared to second hand condos. First is that if you purchase off plan, then you are locking into today’s pricing while taking delivery a year or two later when the development is finished construction. In a rising market, this can mean by th...
Looking for land to build a Japan dream home complete with great metro access, seclusion & manicured gardens? Congratulations, your search is over.
Perched atop a natural ridge, this massive colonial estate was built in 1927 by Max Hinder, a well known Swiss architect in Japan who, after moving to Yokohama from Sapporo, desired a dwelling that suited his exacting tastes. When standing in the backyard, surrounded by lush greenery and manicured l...
A centrally located mountain getaway home, perfect for four season enjoyment with easy access to Tokyo.
This beautiful ski chalet is perfect for outdoor enthusiasts or spending relaxing weekends with family and friends. Situated on a large private, forested lot with mountain and sunset views, this is truly a four-season retreat with easy access to Tokyo! Property Details Price - 32,800,000 JPY Land Si...
Elaine Tung, Marketing Strategist at WealthPark, outlines critical knowledge of these two entities for owners of investment property in Japan.
Many owners don’t distinguish well between the roles of the property manager and the guarantor company when there is a specific problem with a delinquent tenant. The guarantor company is a third party insurance that usually covers lost rent, eviction legal proceedings, tenant-belonging removal cos...
Tokyo, Kanagawa and Chiba prefectures rose while Saitama declined while Osaka Prefecture saw the most aggressive rent rise.
On March 17th, Tokyo Kantei released monthly rents for condominiums in Japan’s three major metropolitan areas for February of 2022. The figures were calculated by converting asking rents for condominiums leased into rents per square meter. The figures presented below are average rents meant to ill...
Sales listings continue a 23 month decline while rental listings increased for the 14th straight month.
On March 22nd, The Real Estate Transaction Promotion Center announced the status of REINS Nationwide Usage Report for February of 2022. Overall Breakdown (Both Sales & Leasing) The number of new property listings for both sales and leasing in February was 357,213 listings, down 5.6% Year-on-Year (Yo...
Tokyo real estate recruiter Brandon Smith of East West Consulting discusses how pandemic induced employment changes could drive regional residential revitalisation.
Even before the pandemic, Japan has been obsessed with how to make employees more productive. The nation has a low birth rate problem and increased worker productivity was, and still is, seen as a way to justify raising wages. Reducing commuting time was a prime target for saving workers time in a d...
CROSSPATH ADVISORS CEO Keigo Kuroda discusses the nuances and trends surrounding this often breathtaking property segment.
REthink Tokyo recently spoke with Keigo Kuroda of CROSSPATH ADVISORS on where he sees the present day status of ultra luxury real estate in Japan and what the future holds for the segment.
Daniel Sparkman of Concierge Auctions discusses the company’s first ever auction in Japan of ultra-luxury residential real estate. Bidding starts March 25th, 2022.
Recently, REthink Tokyo spoke to Daniel Sparkman, Vice President of Auction Operations for Concierge Auctions about the company’s unique approach towards auctioning these luxury properties and what entering the Japan market means to the company moving forward.
Condo starts declined heavily year on year but single family home starts continued to rise.
On March 4th, the Tokyo Metropolitan Government released statistics on housing starts for January of 2022. New housing starts in the month totaled 9,250 units, down 11.0% Year-on-Year (YoY), the first decline in two months. By type of use, owner-occupied housing starts increased for the first time i...
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