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 Shibaura Island Cape Tower
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Shibaura Island Cape Tower

Located in the far south end of Shibaura Island, the redeveloped area surrounded by canals, 48 story luxurious landmark tower condominium has an impressive Tri-Star shaped configuration. The nearest JR Tamachi Station and Metro Mita Station make easy transportation access possible to Tokyo and Shinagawa Station as well as to Haneda Airport. The expansive location on the water-fronts, a promenade, plants, and trees within the area provide the house environment to feel water and green close. Concierge service at the entrance hall with an open ceiling and the common use facilities including Sky Lounge, Guest Room, BBQ Garden, Party Room, and Kids Room support everyday life of the residents. The dwelling units are 1K-3SLDK available for a wide variety of family plans. There is a convenience store on the 1st floor and are also many shops and various facilities within the area. Island-like nature with water and green and high level convenience in Central Tokyo can be enjoyed.

JPY 82,800,000 - 90,800,000

Exterior of 9 CUBE ROPPONGI
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9 CUBE ROPPONGI

JPY 58,000,000

Exterior of Branz Shibuya Tokiwamatsu
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Branz Shibuya Tokiwamatsu

Tokiwamatsu is a locally-called name of an old high class residential town located on a hilltop between Shibuya and Hiroo, where the whole town is covered by deep green. It is a luxury condominium apartment with the long entrance approach surrounded by the seasonal plants and flowers. It provides a beautiful living space with the mixture design of tradition and modernism as well as eastern and western style.

JPY 110,000,000

Exterior of Pias Nishiazabu
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Pias Nishiazabu

JPY 50,000,000 - 67,000,000

Exterior of The Westminster Roppongi
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The Westminster Roppongi

A premium quality apartment built along Sakurazaka slope of Roppongi Hills within easy access of 2 stations on 3 subway lines. It comes with 24 hours concierge service, a tasteful modern style Japanese garden, a fitness gym, and good living environment surrounded by lush greenery. Renovation of the shared facilities were done by Grosvenor Asia Pacific in 2013, which was awarded the Gold prize in the Best Refurbished Building category at 2015 MIPIM Asia awards.

JPY 350,000,000

Exterior of Garden Hills Yotsuya Geihin-no-mori
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Garden Hills Yotsuya Geihin-no-mori

Accessible to 4 stations and 7 lines. A luxury condominium apartment located in front of the Akasaka Detached Palace, the center area where the green of Central Tokyo are concentrated. Full of refined design and carefully considered functional facilities. 24 hours security system and disaster prevention facilities are well-equipped and support your safe and comfortable everyday life.

JPY 265,000,000

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