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 28^th that as of April 1^st, 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 1^st, 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 1^st 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 BAY CREST TOWER

Sale Property tag

BAY CREST TOWER

Bayside 40-storey residential tower touching the Tokyo Bay. Great view of Rainbow Bridge and 'Odaiba' area. Hotel-like residential atmosphere where sky view lounge and fitness gym are also available.

JPY 96,500,000

Exterior of DEUXFLE base Minami-azabu

Sale Property tag

DEUXFLE base Minami-azabu

Designer low-rise maisonette apartments, with rooftop terrace. The project won a Good Design Award in 2012 by architect Hirotaka Satoh. It is walking distance to the Azabu Juban shopping and restaurant area, Arisugawa Park and Hiroo. Shinohashi shopping street in Shirokane is also close. Tokyo International School and Higashimachi Elementary School are in neighborhood.

JPY 112,000,000

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 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 51,800,000 - 129,000,000

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 65,900,000 - 90,000,000

Exterior of City House Ebisu Datezaka

Sale Property tag

City House Ebisu Datezaka

13 story luxurious condominium stands on the hill top location of a quiet residential area in Ebisu 3 Chome. Ebisu, Hiroo, and Shirokanedai Station within walk access make available for multiple train lines covering whole areas in Central Tokyo. The areas around 3 stations also provide high level of convenience for living. The sophisticated building appearance with combination of glass, wood, and concrete materials, the entrance hall with open ceiling of 2 levels, and inside passages with elegant design all give the image of a luxurious hotel. The dwelling units are mostly 2LDK-3LDK desirable for family with kids, and all face the south direction with a lot of sunshine. The updated room equipment and the fully equipped security system support comfortable and peaceful everyday life. The located area is a quiet house environment and is close to 3 major popular areas in Central Tokyo. The nice location helps you to enjoy rich urban life.

JPY 200,000,000

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