Tokyo Real Estate News & Information

Reconstruction of an old apartment building – Rebuilt examples and problems

According to information from the Ministry of Land, Infrastructure and Transport, it is estimated that the number of apartments over 40 years old throughout Japan will be as many as 730,000 in 2018. As of 2013, there are only 183 cases in all of Japan of apartments being rebuilt. Due to the high num…

Long-term repair plan for Japanese Apartment (Large-scale repair & Reserve fund for repairs)

Proper maintenance is crucial for maintaining the safety, comfort, and value of an apartment building. Conducting appropriate renovations with consideration to the age and deterioration of a building in a timely manner makes a great difference in the ability of an apartment building to maintain its…

Tips for buying an old apartment in Japan

According to a survey taken by the Ministry of Land, Infrastructure and Transport, the total number of apartment buildings (as of 2012) in Japan is approximately 5,900,000. It is estimated that the number buildings over 40 years old will be around 730,000 in 2018. Second-hand apartments account for…

Lifespan of a Japanese Apartment

What is the life span of an apartment in Japan? How many years will it remain habitable. When you consider purchasing a second-hand apartment, many may wonder how long they will be able to reside there. Many older apartments can provide attractive investment opportunities if obtained within a reason…

Funds Remittance for a Real Estate Purchase (From Overseas to Japan)

A non-resident customer buying a real estate property in Japan is likely to not have a bank account in Japan and may need to remit the necessary funds for a purchase to Japan. Where to remit funds from when overseas: We here at PLAZA HOMES would like to introduce our trust account in the name of PL…

Redevelopment plans in Tokyo

Tokyo is currently experiencing a time of intensifying global intercity competition. The centers of big cities around the world such as London, Paris, and New York, are going to change greatly and be reborn through the effort various redevelopment plans. Various redevelopment projects are in progres…

Ranking of Real Estate Companies

We, PLAZA HOMES, have had an evaluation of 2nd place of the month of March, 2017 in the buying and selling section of the monthly ranking for real estate companies with service for foreigners; it is based on the evaluation by foreign users of Japan’s one of the largest real estate portal site for fo…

Extended Redevelopment Project of “TORANOMON HILLS” and the Plan for a New International Urban Center

Mori Building, a leading urban landscape developer, announced on April 13 an extended plan for large-scale redevelopment projects around the existing Toranomon Hills. The unveiled plans include the construction of two high-rise towers adjacent to Toranomon Hills and one multi-complex high-rise tower…

Current new developments in Tokyo’s Koto-ward, Toyosu area, 2015

Toyosu 2-3 chome Area Town planning project On October 2001, the Tokyo Metropolitan Government announced “The Town Planning Policy for the area of Toyosu 1, 2, and 3 Chome”. It is a set of guidelines for planning the development of an attractive town in an integrated manner of approx. 60ha area o…

Roppongi Redevelopment

Roppongi has been known as an international entertainment district to enjoy nightlife. Many restaurants, bars, and clubs gather in Roppongi. It is one of the most popular spots among foreigners who like to go out as well. Roppongi has changed greatly due to redevelopment in the past 10 years, an…