The updated price comparison of condominiums and offices in Asian countries.

Poste date: Thursday, April 23, 2015

The price of condominiums and offices in Japan is looking comparatively cheap in the international market.

According to a private research organization, the price of a newly-built condominium in Tokyo as of April 1, 2015 is less than half price of the same in Hong Kong when converted into Japanese Yen. Influenced by the weakening Yen, Japan market is looking quite attractive internationally, and this is resulting to an increase in inflow of overseas investment funds to Japan.



The Japan Real Estate Institute (Minato-ku, Tokyo) announced on May 28th that as of April 1st, the price index of newly-built condominiums in Hong Kong are equivalent to 234.9 when Tokyo is considered 100. This outcome shows an approximate 20% increase in difference between the two cities as compared to the figure recorded 6 months ago, on October 1st, 2014. The luxurious condominiums in Tokyo are also cheaper than those in Shanghai, Taipei, and Singapore.

The number of investments from Hong Kong and Taiwan has increased by twenty times since 2010 based on a figure disclosed by a private company. They believe it is due to the weakening yen as well as expectations influenced by the 2020 Tokyo Olympic Games. 

 

 Source : Japan Real Estate Institute　　

 

Office rents in Tokyo are also looking quite affordable in the international market. The price index as of April 1st for office rent in Hong Kong and London are equivalent to 185.2 and 151.5 respectively while the same in Tokyo is 100.
 

Office rents in Tokyo, London, New York, and Hong Kong all declined after the Lehman shock. They have all begun to recover upwards, except for Japan, where the upturn trend of recovery is quite slow.

 

Apartments and Houses for Rent in Tokyo
Listings of popular and luxurious rental apartments, condominiums, and houses designed with expats in mind.
Apartments and Houses for Sale in Tokyo
Listings of apartments, condominiums, and houses available for purchase in Tokyo.
Exterior of Tokiwamatsu Aoi Mansion
Sale Property tag
Tokiwamatsu Aoi Mansion

Located in a residential area one step from Roppongi Dori.　Close to Aoyama Gakuin Secondary School and very convenient for access to Shibuya, Roppongi, Omotesando and Hiroo.　Exit to Kotto Dori for shopping and dining.

JPY 59,800,000

Exterior of Opus Aobadai
Sale Property tag
Opus Aobadai

JPY 330,000,000

Exterior of CITY HOUSE HIGASHI AZABU
Sale Property tag
CITY HOUSE HIGASHI AZABU

It is a luxury condominium apartment with dignified impression and one of the branded condos that built by Sumitomo Realty & Development Co., Ltd. Convenient location accessible to 4 stations with 4 lines. Nicely designed comfortable room spaces good for singles and DINKS.　The entrance facing Sakurada-dori is colorfully planted with trees, and the atrium entrance radiates a sense of openness. 24-hour security system and auto-lock system provide a high level of security and peace of mind.

JPY 74,000,000 - 129,000,000

Exterior of Park Luxe Toranomon
Sale Property tag
Park Luxe Toranomon

Park Luxe Toranomon is an 18-story condominium, built in February 2019, formerly owned by Mitsui Fudosan Residential Co. Located about a 7-minute walk from Onarimon Station on the Toei Mita Line, about a 9-minute walk from Kamiyacho Station on the Tokyo Metro Hibiya Line, and about a 10-minute walk from Toranomon Station on the Tokyo Metro Ginza Line, it offers convenient access to major areas in Tokyo such as Ginza, Omotesando, and Shibuya. The hotel-like interior corridor design is full of a sense of luxury, and the entrance is equipped with an auto-lock system and security cameras, allowing you to live in the city with peace of mind. The Jikei University Hospital is approximately 190 meters away on foot, Toranomon Hills Mori Tower is approximately 270 meters away, and Shiba Park is approximately 650 meters away, making this an attractive location where you can not only enjoy living within walking distance of numerous restaurants and cafes, but also feel close to greenery.

JPY 139,000,000

Exterior of DEUX TOURS CANAL and SPA
Sale Property tag
DEUX TOURS CANAL and SPA

The property is located in the area where transportation routes for central Tokyo and Bayshore area meet. It is only 2.2km away from Ginza, Tokyo. This 52-story twin tower buildings are built in the seismic isolation structure. In addition to a Spa, fitness gym, lounge, book salon, etc., it provides excellent services for the residents such as concierge services, car sharing services and shuttle buses to Shinbashi Sta., etc.

JPY 90,000,000 - 97,000,000

Exterior of The Parkhouse Azabu-gaiennishi-dori
Sale Property tag
The Parkhouse Azabu-gaiennishi-dori

9-min walk from Nogizaka Station and within walking distance of Omotesando Station and Roppongi Station. Located in a quiet residential area facing Gaien Nisi-dori Avenue is one of “The Park House” branded luxury condominium apartments sold by Mitsubishi Estate Residence Co. Ltd. There are supermarkets and convenience stores nearby, and Roppongi Hills, Omotesando Hills and Tokyo Midtown are also within walking distance. The apartment features the modern and refined appearance design and a luxury hotel-like interior arrangements such as the natural stone-walled entrance with a carriage porch, a lounge space with a view of the patio that is filled with natural light, and the shared spaces along an indoor hallway. It offers a wide range of unit plans from 1LDK to 3LDK to cover single to family residents together with a full range of the latest functional equipment such as dishwasher, bathroom with dryer/mist-sauna function, floor heating. Solid security includes auto-locking entrance door, security cameras, and daytime manned management.

JPY 180,000,000

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