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.

 

Exterior of Open Residence Nakameguro
Sale Property tag

JPY 86,000,000

Exterior of Branz Shibuya Tokiwamatsu
Sale Property tag

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 130,000,000

Exterior of Welt Nihonbashi 2
Sale Property tag

JPY 45,800,000

Exterior of Clover Roppongi
Sale Property tag

Located just 1 minute walk from Nogizaka metro station, very easy access to Tokyo central areas such as Roppongi , Aoyama and Akasaka area.

JPY 45,000,000 - 255,000,000

Exterior of CONCIERIA NISHI-SHINJUKU TOWER'S WEST
Sale Property tag

A 44-story tower apartment in Nishi-shinjuku 6-chome. Great views of greenery of Shinjuku Chuo Park are available from the units. The property also offers excellent common facilities such as a hot spring, pool and fitness gym.

JPY 43,800,000 - 56,500,000