Award-winning Japanese architect, Arata Isozaki, and the Pritzker Prize

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Courtesy of the Pritzker Architecture Prize Mito Art Museum, Photo courtesy of Yasuhiro Ishimoto ” A truly international architect, connecting the East and West in a new way”  The Japanese architect Arata Isozaki, famous for notable works across the world was the recipient of the 2019 Pritzker Prize, becoming the eighth Japanese winner of the prestigious award. Also known […]

47% of employees working from home

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Results from research on working from home during the coronavirus crisis were released by Recruit Sumai Company, Ltd. on May 22, 2020. Here, we summarize the key takeaways. Research Overview The survey covered office workers or government employees, between the age of 20~64, living in Tokyo, Chiba, Saitama, Kanagawa, Ibaraki, Tochigi, Gunma, Yamanashi, and Nagano […]

Tokyo pre-owned apartment prices continue upward trend

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The monthly transition of second-hand apartment prices for 3 major metropolitan areas was released by Tokyo Kantei Co., Ltd on May 21, 2020. Here, we summarize the key takeaways. Note: All prices listed below are the price per 70 sqm, as this is the most-common family apartment size across Japan’s major metropolitan areas. Tokyo up, […]

Is it better to buy used or new?

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Introduction As with any purchase in life, it can be difficult to choose between purchasing a new or pre-owned home as there are advantages to either option. Would you prefer to live in a modern home where everything is new and shiny? Or do you have a weak spot for a charming old home with […]

How coronavirus has affected real estate buying behaviour

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Coronavirus has had a significant on the real estate industry in Japan. After the government declared a State of Emergency, many real estate companies also recommend their employees to work from home, so our activities have become somewhat limited under this situation.  Recently potential clients have been inquiring whether there are any good bargains, i.e. if any properties that are on the market at a reduced price.  Anyone who is interested in real […]

Opening of New Mixed-Use Development “WITH HARAJUKU” postponed

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 NTT Urban Development Co., Ltd. announced that the opening of its mixed-use development “WITH HARAJUKU”, located in Jingumae, Shibuya Ward, has been postponed.   “WITH HARAJUKU” is a new complex-type development with 10 floors above ground and 3 floors underground, situated within 1 minute of Harajuku station (JR Yamanote Line). Residences cover the 4th-7th floors and 9th-10th floors, with retail spaces and restaurants on the 8th floor and 2nd and 3rd basement floors.   The project was […]

Average Apartment Rents Stable

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Average apartment rent trends for 3 major metropolitan areas in April was released by Tokyo Kantei Co., Ltd on May 14, 2020.   The average rent in the Greater Tokyo Area is JPY 3,053 per sqm (MoM: +0.1%), increasing for the third consecutive month, albeit slightly. Sorting by prefectures the per sqm rental prices are as follows – Tokyo prefecture: JPY 3,666 (MoM: -0.1%), Kanagawa prefecture: JPY 2,313 (MoM: +1.1%), Chiba […]

Heightened Negotiation Power For Buyers Amid Coronavirus

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Article Overview The coronavirus crisis has transformed Tokyo back into a buyers’ market  How long is this going to last?  Tips for buyers in Coronavirus climate  Key Takeaways  Sellers have had it good for the last several years, but now buyers have more opportunities Properties are selling at the bottom or middle of the price […]

Must-Know Tokyo Modern Residential Architecture with a Good Design Award

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Walking on the streets of Tokyo city is like browsing a design museum with many of the buildings offering architectural inspiration, from the traditional to ultra-modern structures. How can anyone navigate such an abundance of quality? The Good Design Award operated by the Japan Institute of Design Promotion helps one to easily explore marvellous design in Japan, and can also be a tool for finding architecture and urbanism on your first investment trip to Japan. In this […]

Super high-rise condominium market trends

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A total of 258 super high-rise condominiums – 103,000 units – will be completed nationwide over the next 5 years. According to research by Real Estate Economic Institute Co, Ltd., the number of super high-rise condominiums – designated as being over 20 floors – that are planned to be completed in Japan between 2020 and 2024, will reach 258 […]