Nov 12, 2022

After a long period of real estate business as a sole proprietor, we have established a Real Estate company in Ikebukuro, Tokyo, Japan.

Company Name: Plusdeliberty Co.,Ltd.
Representative: Akira Takahashi (Mr)
Establishment date: October 3, 2022

Address: Liberty Minami Ikebukuro, 2-6-11, Minami Ikebukuro Toshima-Ku, Tokyo, Japan 171-0022
Tel : +81 3 3971 4992 Mobile : +81 80 2393 2415
E-mail: contact@plusdeliberty-tokyo.com
Line ID : plusdeliberty-tokyo

Real estate agent license No: Tokyo Metropolitan Governor(1)108563
A member of All Japan Real Estate Association

2024.2.15

We got a license for Private Lodging Business.

Private Lodging agent license No: Minister of Land, Infrastructure, Transport and Tourism(01)F03183

October 19, 2024

According to the report on July 22 by Research firm Real Estate Economic Institute, the average price of newly built condominiums sold in Greater Tokyo Area(Tokyo, Kanagawa, Saitama, Chiba) in the first half of 2024(January to June) is 76.77 million yen, 1.19 million yen(13.5%) decreased from the same period of the previous year. The unit price per square meter is 1,157,000 yen, 164,000 yen(12.4%) decreased from the same period of the previous year. The price has fallen for the first time in three years in both gross and unit prices. The price in Tokyo's 23 wards fell 16.3%, but exceeded 100 million yen for the second consecutive year.

The number of newly built units released in the first half of 2024(January to June) is 9,066 units, 1,436 units or 13.7% decreased from the same period of the previous year (10,502 units).This is the second time that the number of units in the first half of the year has fallen below 10,000 units since 2020 (7,489 units), when the state of emergency declaration had a major impact.

Contract rate is 67%, 5.7% decreased from the same period of the previous year (72.7%).

The number of stocks was 5,418 units as of the end of June 2024, an increase of 467 units from the same month of the previous year (4,951 units).

Supply forecast for the second half of the year (July to December) is 19,000 units, up 16.1% from the same period last year (16,371 units).Annual supply is approximately 28,000 units, up 4.2% from 26,873 units in 2023.

October 8, 2024

According to the summary by Tokyo Kantei, the average selling price of second-hand mansion(70 square meters conversion, incl. Apartment & Condominium) in the Greater Tokyo area(Tokyo,Kanagawa,Saitama and Chiba) in August 2024 is 47,050,000 yen(317,916.85 USD based on the October 8th exchange rate), increase of 760,000 yen (1.6%) compared to previous month.

The average selling price of whole Tokyo is 67,290,000 yen, increase of 1,580,000 yen (2.4%) compared to previous month.

The average selling price of Tokyo's 23 districts is 77,500,000 yen, increase of 1,990,000 yen (2.6%) from previous month. Price has risen for 4 consecutive months. The average price increased by more than 10% compared to the same month last year.
As of August 2024, the number of mansion units in stock was 12,252 units (9,733 units and newly added 2,519 units).

The average price of Tokyo 6 districts (Chiyoda, Chuo, Minato, Shinjuku, Shibuya and Bunkyo) is 127,560,000 yen, increase of 4,800,000 yen (3.9%) from previous month.Price has risen for 19 consecutive months. The average price increased by 22.3% compared to the same month last year.

September 22, 2024

According to the survey by Miki Shoji, office vacancy rate in Tokyo 5 districts (Chiyoda, Chuo, Minato, Shinjuku and Shibuya) is 4.76% in August, decreased 0.24 points from the previous month.This is the first time in three and a half years since January 2021 that the rate has fallen to the 4% range.

Office vacancy rate of the newly launched building (Buildings completed in the last 12 months, including the survey month) as of August was 21.51%, increased 1.33 points.

The vacancy rate of existing buildings as of August was 4.53%, decreased 0.26 points.

The average asking rent for August in the Tokyo business district is 20,103yen per 3.3 square meters. It increased by 0.34% (69 yen) from the previous month.

https://www.e-miki.com
For more info, please contact us.

April 13, 2024

According to the summary by Tokyo Kantei, the average selling price of second-hand mansion(70 square meters conversion, incl. Apartment & Condominium) in the Greater Tokyo area(Tokyo,Kanagawa,Saitama and Chiba) in February 2024 is 47,070,000 yen(307,367.10 USD based on the April 13 exchange rate), increase of 320,000 yen (0.7%) compared to previous month. Prices rose for the first time in 12 months.

The average selling price of whole Tokyo is 64,240,000 yen, increase of 60,000 yen (0.1%) compared to previous month.

The average selling price of Tokyo's 23 districts is 72,040,000 yen, increase of 190,000 yen (0.3%) from previous month. Price has risen for 6 consecutive months.

As of February 2024, the number of mansion units in stock was 15,065 units (11,934 units and newly added 3,131 units).

The average price of Tokyo 6 districts (Chiyoda, Chuo, Minato, Shinjuku, Shibuya and Bunkyo) is 113,800,000 yen, increase of 2,420,000 yen (2.2% ) from previous month.Price has risen for 13 consecutive months.

Kantei Channel in February 2024

April 10, 2024

According to the report on March 21 by Research firm Real Estate Economic Institute, the average price of newly built condominiums sold in Greater Tokyo Area(Tokyo, Kanagawa, Saitama, Chiba) in February 2024 is 71.22 million yen, 3,460,000 yen(5.1%) increased from the same period of the previous year. The unit price per square meter is 1,084,000 yen, 70,000 yen(6.9%) increased from the same period of the previous year.

The number of newly built units released in February 2024 is 1,319 units, 502 units or 27.6% decreased from the same month last year (1,821 units).And 207 units or 18.6% increased from 1,112 units in previous month.

Contract rate is 69.9%, 3.4% decreased from the same month of the previous year, 2.9% down from previous month.

The number of stocks was 5,748 units as of the end of February 2024, a decrease of 173 units from the previous month (5,921 units), an increase of 296 units from the same month of the previous year (5,452 units).

April 3, 2024

According to the survey by Miki Shoji, office vacancy rate in Tokyo 5 districts (Chiyoda, Chuo, Minato, Shinjuku and Shibuya) is 5.86% in February, increased 0.03 points from the previous month.

Office vacancy rate of the newly launched building (Buildings completed in the last 12 months, including the survey month) as of February was 24.44%, decreased 5.76 points.

The vacancy rate of existing buildings as of February was 5.43%, increased 0.26 points.

The average asking rent for February in the Tokyo business district is 19,776yen per 3.3 square meters. It increased by 0.23% (46 yen) from the previous month.

https://www.e-miki.com
For more info, please contact us.

December 30, 2023

According to the report on Dec 20 by Research firm Real Estate Economic Institute, the average price of newly built condominiums sold in Greater Tokyo Area(Tokyo, Kanagawa, Saitama, Chiba) in November 2023 is 82.50 million yen, 22,150,000 yen(36.7%) increased from the same period of the previous year. The unit price per square meter is 1,280,000 yen, 382,000 yen(42.5%) increased from the same period of the previous year.

The number of newly built units released in November 2023 is 2,743 units, 123 units or 4.3% decreased from the same month last year (2,866 units).And 1,257 units or 84.6% increased from 1,486 units in previous month.

Contract rate is 74.2%, 4.8% increased from the same month of the previous year, 13.3% up from previous month.

The number of stocks was 4,815 units as of the end of November, a increase of 59 units from the previous month (4,756 units), a decrease of 264 units from the same month of the previous year (5,079 units).

December 30, 2023

According to the summary by Tokyo Kantei, the average selling price of second-hand mansion(70 square meters conversion, incl. Apartment & Condominium) in the Greater Tokyo area(Tokyo,Kanagawa,Saitama and Chiba) in November 2023 is 47,240,000 yen(334,837.12 USD based on the Dec 30 exchange rate), decrease of 360,000 yen (0.8%) compared to previous month.

The average selling price of whole Tokyo is 64,080,000 yen, decrease of 250,000 yen (0.4%) compared to previous month.

The average selling price of Tokyo's 23 districts is 71,360,000 yen, increase of 40,000 yen (0.1%) from previous month. As of November 2023, the number of mansion units in stock was 14,604 units (11,948 units and newly added 2,656 units).

The average price of Tokyo 6 districts (Chiyoda, Chuo, Minato, Shinjuku, Shibuya and Bunkyo) is 108,960,000 yen, increase of 1,050,000 yen (1% ) from previous month.Price has risen for 10 consecutive months.

Kantei Channel in November 2023

September 12, 2023

According to the survey by Miki Shoji, office vacancy rate in Tokyo 5 districts (Chiyoda, Chuo, Minato, Shinjuku and Shibuya) is 6.40% in Aug, decreased 0.06 points from the previous month.

Office vacancy rate of the newly launched building (Buildings completed in the last 12 months, including the survey month) as of Aug was 42.65%, increased 8.23 points. In August, the vacancy rate rose as 2 new buildings were completed before they were fully occupied and 5 buildings, including a large building, were classified as existing buildings.

The vacancy rate of existing buildings as of Aug was 5.64%, decreased 0.07 points.

The average asking rent for Aug in the Tokyo business district is 19,756yen per 3.3 square meters. It decreased by 0.32% (63 yen) from the previous month. Average asking rents in the Tokyo business district have fallen for 37 consecutive months since August 2020.

https://www.e-miki.com
For more info, please contact us.

Apr 19, 2023

On March 22, the Ministry of Land, Infrastructure, Transport and Tourism announced the 2023 land price (as of January 1).

Land price in 2023 in all categories nationwide including residential and commercial use rose 1.6% year-on-year. Price has risen for two years in a row. Amid the gradual recovery of the post-covid economy, although there are differences depending on the area and land usage, land price continues to rise mainly in urban areas, and the four major regional cities (Sapporo, Sendai, Hiroshima, Fukuoka), the range of price increase have widened, and there is a tendency to recover to pre-covid levels.

The average price of residential land rose by 1.4% nationwide, price has risen for two years in a row. Land price continues to rise due to continued low interest rates and housing acquisition support measures by the government. The four major regional cities (Sapporo, Sendai, Hiroshima, Fukuoka) have expanded the price increase rate (8.6%). In addition, due to the rise in land prices in the center of these four cities, the rate of price increase in the surrounding areas is also high.

The average price of commercial land also rose by 1.8% nationwide, price has risen for two years in a row. Demand for stores is on a recovery trend recovering in tourist areas and downtown areas, and the recovery is progressing further due to strong demand for offices and demand for land for mansions and apartments.

The average price of industrial areas also rose by 3.1% nationwide. Large plots of land suitable for logistics facilities, with good access to highways and main roads, are particularly expensive, mainly due to the expansion of the e-commerce market.

By area, land price of all three metropolitan areas(Tokyo, Osaka and Nagoya) in all categories, including that for residential and commercial use, rose 2.1%, price has risen for two years in a row. In Tokyo, the price in residential areas rose 2.1% and the price in commercial areas rose 3.0%. The price in industrial areas also rose 5.0%, price has risen for ten years in a row.

In the four major regional cities (Sapporo, Sendai, Hiroshima, Fukuoka), the land price in all categories, including that for residential, commercial and industrial use, rose for ten years in a row.

In other regional cities except the four major regional cities, the residential land rate rose for the first time in 28 years (0.4%).

Apr 15, 2023

A new attraction facility, Warner Bros. Studio Tour Tokyo – The Making of Harry Potter, will open in Nerima, Tokyo on June 16, 2023. Following “Warner Bros. Studio Tour London – The Making of Harry Potter” which opened in England in 2012, “Warner Bros. Studio Tour Tokyo – The Making of Harry Potter” which will open in Nerima in June 2023, will be the first “Warner Bros. Studio Tour” in Asia.

The location of "Warner Bros. Studio Tour Tokyo – The Making of Harry Potter" is the former site of the amusement park "Toshimaen" in the area called Nerima Ward in the west of Tokyo. It's a little far from downtown Tokyo, and it's a quiet area with residential areas and parks.

Since Nerima Ward is a residential area, real estate properties are cheaper than downtown Tokyo, but unfortunately, there are strict regulations on private lodging such as Airbnb in Nerima Ward, and it is not possible to operate private lodging business on weekdays in a residential area.

Therefore, there are few lodging facilities in the area, and the main access is from Ikebukuro and Shinjuku, where there are many lodging facilities.

From Ikebukuro to Nerima, it takes about 10 minutes by express train on the Seibu Ikebukuro Line. When going from Shinjuku, it is convenient to use the Toei Oedo Line.

Although it cannot be used for private lodging business, we also introduce real estate properties close to "Warner Bros. Studio Tour Tokyo – The Making of Harry Potter" on our “Gallery” page.

May 4, 2022

Apartment prices in greater Tokyo area are rising, but Japanese real estate prices for the US dollar are falling due to the weak yen and the strong dollar.

Below are the average prices and exchange rates for apartments in greater Tokyo area over the last three months.

Apartment & Condominium average price in the Greater Tokyo area

in March 2022 is 46,590,000 yen(about 357,904.38USD based on the May 2 exchange rate)
(1USD=130.14Yen)
in February 2022 is 45,970,000 yen(about 376,310.42USD based on the March 27 exchange rate)
(1USD=122.06Yen)
in January 2022 is 45,440,000 yen(about 395,782.40 USD based on the March 5 exchange rate),
(1USD=114.78Yen)

The average price are increasing but the price decreases after exchanging from US doller.

March 29, 2022

On March 22, the Ministry of Land, Infrastructure, Transport and Tourism announced the 2022 land price (as of January 1).

Land price in 2022 in all categories nationwide including residential and commercial use rose 0.6% year-on-year, turning positive for the first time in two years.Measures to spread the new coronavirus infection have been eased, and land prices are recovering.However, there were some areas where the decline continued in popular tourist areas and nightlife districts.

Residential areas rose 0.5% for the first time in two years. Due to the effects of ultra-low interest rates and housing acquisition support measures, there is high demand in areas with excellent transportation convenience.

Commercial land also rose 0.4%, the first time in two years.

In industrial areas, the development of large-scale logistics facilities progressed along with the expansion of the use of online shopping, and the increase was 2.0%.

By area, land price of all three metropolitan areas(Tokyo, Osaka and Nagoya) in all categories, including that for residential and commercial use, rose 0.7%, rising for the first time in two years.In Tokyo 23 wards, residential areas rose 1.5% and commercial areas rose 0.7%. However, the three central wards of Tokyo (Chiyoda, Chuo, Minato Ward) fell.

In the four major regional cities (Sapporo, Sendai, Hiroshima, Fukuoka), the average in all categories shows an upward trend, residential areas rose 5.8%, and commercial areas rose 5.7%.Local areas other than the four major local cities fell for the second consecutive year, but the rate of decline narrowed to 0.1% for both residential areas (0.6% in the previous year) and 0.5% for commercial areas (0.9% in the previous year).

February 17, 2022

According to the summary by Tokyo Kantei, the prefecture with the largest number of condominium stocks as of the end of 2021 was Tokyo, with 1,952,831 units, an increase of 24,810 units from the previous year.The number of condominiums in stock within 10 years of construction is 393,400, and the number of stocks over 30 years is 679,186.

The number of condominium stocks in Tokyo's 23 wards was 1,602,198, an increase of 22,458 from the previous year.The number of condominiums in stock within 10 years of construction is 340,044, and the number of stocks over 30 years is 561,527.

Koto-ku, Tokyo has the largest number of stocks in terms of major administrations, with 126,764 units. The second place is 111,491 units in Setagaya-ku, Tokyo, and the third place is 107,986 units in Ota-ku, Tokyo.

The number of condominium stocks in the Greater Tokyo area(Tokyo,Kanagawa,Saitama and Chiba) is 3,862,100.The number of condominiums in stock within 10 years of construction is 648,070, and the number of stocks over 30 years is 1,395,493.

February 9, 2022

According to the report on January 25th by Research firm Real Estate Economic Institute,the average price of newly built condominiums sold in Greater Tokyo Area(Tokyo, Kanagawa, Saitama, Chiba) in 2021 is 62.60 million yen, increased by 1.77 million yen (2.9%) from 60.83 million yen in the previous year. The unit price per square meter is 936,000 yen, increased by 11,000 yen (1.2%) from 925,000 yen in the previous year. The highest price ever.

The number of newly built units released in 2021 is 33,636 units, 5,908 units or 23.5% increase from last year (27,228 units).The highest number ever was 95,635 units in 2000.

Contract rate increased by 7.3 points to 73.3% from previous year(66.0%)

The number of stocks was 6,848 units as of the end of December, decrease of 2,057 units from the same period of the previous year (8,905 units).

Feb 9,2022

According to the summary by Tokyo Kantei, the average selling price of second-hand mansion(70 square meters conversion, incl. Apartment & Condominium) in the Greater Tokyo area(Tokyo,Kanagawa,Saitama and Chiba) in 2021 is 41,660,000 yen(about 360,567.30 USD based on the Feb 9 exchange rate), increased by 4.32 million yen (11.6%) from 37.34 million yen in the previous year. Low inventories and prices have risen sharply, turned to seller’s market.

The average selling price of Tokyo is 57,390,000 yen, increase of 5.72 million yen (11.1% up) from previous year.The surrounding 3 prefectures (Kanagawa,Saitama and Chiba)also have a high rate of increase of over 8%.

Second-hand apartment price in 2021 in Kantei Channel

December 3, 2021

We have updated our website and added Chinese page.

https://plusdeliberty-tokyo.com/cn/

December 3, 2021

According to Kyodo News,corporate groups such as Mitsui Fudosan announced on December 2nd that there were applications for all 631 units supplied last month for the condominiums of "Harumi Flag" (Chuo-ku, Tokyo), which was the athlete's village of the Tokyo Olympics and Paralympics held this summer.

The total number of applications was 5,546, the highest competition ratio was 1 in 111 times for the room on the top floor.The average competition ratio was about 1 in 8.7 times. This is the third sale and the first time after the Olympics.

The occupied area of each room is about 61 to 123 square meters, and the price range is between 49.9 million yen to 229.2 million yen. (440,866.50USD - 2,024,982.00USD at the rate of December 3,2021).

"Harumi Flag" is popular because the price is lower than similar condominiums in the surrounding area.The move-in will start in March 2024.

December 3, 2021

According to the final figures of the census conducted in October 2020 by the Ministry of Internal Affairs and Communications, the total population of Japan including foreigners is 126,146,099, decreased 948,646 or 0.7% compared to the previous survey in 2015. This was the second negative figure following the previous survey which was the first decrease since the survey started in 1920.

The number of Japanese decreased by 1.4% to 123,398,962, while the number of foreigners increased by 43.6% to 2,747,137, the highest number ever.

By nationality, the ratio of "Chinese" was the highest at 27.8%, followed by "Korean(North and South)" at 15.6% and "Vietnamese" at 3.4%. The number of Vietnamese is 320,805, increased of 3.6 times from the previous 87,109, and the increase is the largest.

By gender, there are 61,349,581 men and 64,796,518 women. The proportion of the total population aged 65 and over increased from 26.6% to 28.6%.

By prefecture, the population increased only in 8 prefectures such as Tokyo and Okinawa. The Greater Tokyo area(Tokyo,Kanagawa,Saitama and Chiba) accounted for about 30% of the national population.

November 26, 2021

　“Property Perfect”, a Thai-listed real estate company, announced that its Japanese subsidiary “Kiroro Resort Holdings” sells its ski resort and hotel business in Yoichi-gun,Hokkaido and notified the Thai Stock Exchange (SET) on November 22.
　The new owners are “Kiroro Management”,a Limited Liability Company in Tokyo and “Napier”,a specified purpose company in Tokyo, and the sale amount is 15 billion yen. “Property Perfect” acquired the business in 2012 and has been actively attracting foreign tourists especially Thai tourists. Meanwhile, “Kiroro Resort Holdings” intends to continue its real estate development business in Japan.
　“Kiroro Management” is represented by “IDERA Capital Management “, an asset management company in Tokyo under “Fosun Group (Shanghai)”, a Chinese investment company that effectively owns “Hoshino Resorts Tomamu”.

November 3,2021

Hostels and hotels are now on sale in Tokyo's popular tourist destinations such as Akihabara, Ueno, Asakusa, and Ikebukuro.

If you are interested in hotel investment, please see the hotel and hostel for sale information on the Galley page or please contact us.
Please see Hostel and Hotel on sale on "Gallery"page


We will support you including introduction of the hotel management company and consultation on the operating after purchase.

October 24,2021

We are good at incorporating latest design and function and our architecture enhances the value of your property. Renovation service after purchasing of second-hand property is available. And also if you look for a designer, an architecture to renovate your rooms or house around Tokyo, please feel free to contact us. We have architecture license and experienced renovation many times from old type of rooms into new & functional modern type of room.

東京在住の外国人向け簡易リフォーム・リノベーション承ります！大型リフォームも相談可。お問い合わせ下さい！
（リフォーム実例はGalleryページよりご参照ください）

October 20,2021

Can’t foreigners find an apartment in Tokyo?

There are foreigners in Tokyo who cannot rent a room. There are various foreigners in Tokyo, including international students and working foreigners. In the past, there weren't many foreigners in Tokyo, and I often heard that Japanese landlords didn't want to rent a room to foreigners living in Tokyo. Now that the number of foreigners in Tokyo has increased, I thought that the landlord would have started to rent a room to foreigners. However, foreigners living in Tokyo still seem to have a hard time renting a room.

For the related information, please see "Shared Residence or Renting to Foreigners in Japan" on the page of "Plan"

There are various reasons why Japanese landlords do not want to rent a room to foreigners. First of all, Japanese people are not very good at foreign languages. Many foreigners living in Japan can speak Japanese, but they have a negative impression of renting a room to a foreigner.

For example, there is a problem of taking out garbage. The rules for garbage collection in Tokyo differ depending on the area, and it is complicated. Garbage collected varies from day to day. The types of garbage that can be put out differ depending on the day, such as the day of burning garbage and the day of recycling. The government office comes to collect trash by truck in the morning, but if you don't take out the trash according to the rules, a sanitation worker leave without collecting it. Summer in Japan is hot and swill rots and smells. In that case, neighbors will complain and the landlord will have to collect the garbage and store it somewhere until the next collection date. Even Japanese tenants often have problems with garbage, so the landlord thinks that foreigners with different languages and cultures will have more trouble.Japanese landlords don't want to lend a room to a foreigner because they think it's a hassle to rent a room to a foreigner. It's not because Japanese landlords don't like foreigners.

Then there is the noise problem. Foreigners leave their home country and live alone in Tokyo. Since they are lonely away from their parents, they often invite friends. Also, due to the economic reason that the rent in Tokyo is high, two or three foreigners share a room where Japanese people usually live alone. In that case, of course, more people come and go than living alone, and it becomes noisier.

Another problem is the smell of cooking. Foreigners from Asia don't have many restaurants in Japan, so they cook for themselves when they eat their own food, but if they use seasonings that Japanese people don't use often, unfamiliar odors leak out and neighbors complain.

The above three are the typical reasons why Japanese people do not rent rooms to foreigners. Most of the problems arise from differences in culture, customs and ways of thinking.

Japan is aging and the population is declining due to the declining birthrate, but the population density is high in central Tokyo such as Ikebukuro and Shinjuku, and there is demand from Japanese residents. There is no need to rent a room to a foreigner. Japanese tenants can be found quickly. In that case, foreigners living in Tokyo will not be able to rent a room even if they want to rent it, and some foreigners will have a hard time finding a room. Many foreigners working in Japan also work at restaurants and often live near workplaces in central Tokyo such as Ikebukuro and Shinjuku.

Chinese people living in Japan look for a room at a Chinese-owned real estate agent. A Chinese real estate agent asks Chinese investor to invest in an apartment in Japan and rents a room exclusively for the Chinese, so all the rooms in the apartment are Chinese residents. Even if there are apartments where Japanese landlords rent rooms to foreigners, we often hear that there are only foreign tenants in that kind of apartment.

We are looking for investors who can buy an apartment in Tokyo and rent it to foreigners to solve such problems. We provide consulting services for apartment purchases, support purchase procedures, and support to look for tenants, rent collection services, apartment maintenance, and more. It is possible to own and rent a Japanese apartment without living in Japan by using our services.

There are many foreigners in Ikebukuro, Takadanobaba, Shin-Okubo, Shinjuku, etc., and there are not enough rental properties for foreigners.Shin-Okubo was originally famous as a Korean, but now more and more Nepalese are opening restaurants and shops. Takadanobaba, the station next to Shin-Okubo, has a Burmese community and many Vietnamese also live there.Although few Thais settle and work in Japan, the number of tourists in Thailand is increasing every year due to the boom in travel to Japan. It became the sixth largest number of foreign tourists coming to Japan. There is also a demand for private lodging and short-term rent to Thai tourists.

The number of foreigners working in Japan is increasing, but it is difficult to find a room for them, so please invest in an apartment to help them. We will also consider a system that will benefit investors, so please feel free to contact us.

Japanese landlords do not change their mindset easily, so it is helpful for foreigners living in Japan to invest in an apartment in Tokyo. We will introduce one-building apartments mainly in areas along the Yamanote Line such as Shinjuku and Ikebukuro where there is a lot of demand from foreigners.

October 24,2021

　According to the report on October 18th by Research firm Real Estate Economic Institute,the average price of newly built condominiums sold in Greater Tokyo Area(Tokyo, Kanagawa, Saitama, Chiba) during the first half of 2021 (April-September) is 67.02 million yen, 10.1% rose from the same period of the previous year.Record high since 1991(61.37 million yen in 1991). The main reason is that the number of high-priced transactions in the popular 23 wards of Tokyo has increased.However, the supply of cheap properties for families in the suburbs of Tokyo is expected to increase in the latter half of the year, and the average annual price in 2021 is likely to decline.
　The number of units supplied is 12,809 units in the first half of 2021(April to September) in Greater Tokyo Area(Tokyo, Kanagawa, Saitama, Chiba), 44.7% rose from the same period of the previous year.The number of units supplied has recovered to a level higher than Pre-Covid levels in the first half of FY2019.

October 22,2021

　GLP, a Singaporean company engaged in logistics real estate investment, announced on the 19th that it has established a private real estate fund "GLP Japan Development Partners IV" (GLP JDP IV) specializing in Japan. Raised 311.0 billion yen from pension funds, sovereign wealth funds, insurance companies, etc. in North America, Asia and the Middle East.
　GLP JDP IV is the fourth in a series of logistics real estate development funds developed by GLP in Japan, with the goal of raising 421 billion yen at the time of final closing. The amount of assets under management (AUM) is expected to exceed 1 trillion yen.
　GLP will develop next-generation environmentally friendly logistics facilities, mainly in the Tokyo metropolitan area and the Kansai region. GLP aims to obtain various environmental certifications and will install solar panels to offset the amount of electricity used. GLP will also be equipped with facilities to support employee and community welfare, such as daycare centers, restaurants and convenience stores.

For the more information, please see https://www.glp.com/global/

Sep 24, 2021

On September 21, the Ministry of Land, Infrastructure, Transport and Tourism announced the 2021 standard land price as of July 1. The effects of coronavirus pandemic have been prolonged, and the average price for all types of land fell 0.4% for the second consecutive year.

Commercial land fell 0.5%. Demand for stores was sluggish in downtown areas with many restaurants and tourist destinations that have benefited from foreign tourists visiting Japan, and the rate of decline expanded from the previous year.

Residential areas fell 0.5%. Compared to the previous year, there was a movement of recovery, and the rate of decline narrowed.

By region, residential areas in Osaka, one of three major metropolitan areas, have fallen for the second consecutive year, and the impact of a decrease in inbound tourists has been significant, with commercial areas also negative for the first time in nine years. On the other hand, in the Nagoya area, both residential and commercial areas turned from a decline to an increase, reflecting the recovery trend of the regional economy centered on the automobile industry.

Four ordinance-designated cities, Sapporo, Sendai, Hiroshima, and Fukuoka, continue to rise in both residential and commercial areas.Even in the pandemic, housing demand due to the progress of redevelopment projects and the influx of population pushed up land prices.

By prefecture, residential areas increased in 7 prefectures, improving from 5 prefectures in the previous year, while commercial areas decreased from 10 prefectures in the previous year to 6 prefectures.

In the commercial areas of Tokyo, the decline was noticeable in central Tokyo such as Chiyoda, Chuo, and Shinjuku, where there are many office districts and downtown areas, and it turned to a decline for the first time in nine years.

The highest land price of residential area in Japan is "14-11, Akasaka 1-chome, Minato-ku, Tokyo" for the third consecutive year.The highest land price of commercial area in Japan is the "Meijiya Ginza Building" at 6-6, Ginza 2-chome, Chuo-ku, Tokyo for 16 consecutive years.The price per square meter was 4.87 million yen (4.72 million yen in the previous year) and 39.5 million yen (41 million yen in the previous year), respectively.

Sep 19, 2021

A famous Real Estate Investor youtuber, Mr Hori said that price of High-Rise Condos that he owns in central Tokyo increased.
He owns 8 High-Rise condos in total and introduced 5 of them in his Youtube channel “Horijuku Channel”.

5 properties he introduced in his youtube channel are 1 Brillia Towers Meguro(Meguro-Ward,Tokyo), 2 The Conoe Daikanyama(Shibuya Ward, Tokkyo), 3 Tokyo Twin Parks(Minato-Ward, Tokyo), 4 Toranomon Hills(Minato-Ward, Tokyo) and 5 Fukuoka MJR Akasaka Tower (Fukuoka, Japan). He also owns 3 more properties including one in Osaka and one in Sapporo, Hokkaido.

The details are as below.

1 Brillia Towers Meguro(Meguro-Ward,Tokyo) 42.7sq.m

Mr Hori bought this condominium in 2017 as a newly launched property for 67,900,000 Yen(1,590,000 Yen/sq.m), the monthly rent he receive is 270,000 Yen(including monthly management fee, reserve fund for repair about 30,000 Yen).Price of successful case which was calculated based on recent transacted price in similar property in the same area is about 95,000,000 Yen(2,273,000 Yen/sq.m),.Price rose about 40% since 2017, and the profit before tax and agent fee deducted is 27,100,000 Yen.

2 The Conoe Daikanyama(Shibuya Ward, Tokyo) 66.0sq.m

He bought this condominium as a newly launched property as well for 77,900,000 Yen(1,180,300 Yen/sq.m), the monthly rent he receive is 350,000 Yen(including monthly management fee, reserve fund for repair).Price of successful case which was calculated based on recent transacted price in similar property in the same area is about 120,000,000 Yen(1,818,100 Yen/sq.m),.Price rose about 55%, and the profit before tax and agent fee deducted is 42,100,000 Yen.

When he bought this condo, it was on sale at a lower price than the market price.There were 8 persons who wanted to buy and he was selected by lottery, Mr Hori explained.

He started real estate investment after he owned a High-Rise Condo in Roppongi(Minato-ward, Tokyo).He bought it for his home and had lived several years before having sold it.When he sold it, the price increased much more than when he purchased it.Then he realized that he could get income gain & capital gain from investment in High-Rise Condos in central Tokyo area.

Mr Hori is originally a lawyer and his main investment method is to buy a vacant land in center of Tokyo such as Tokyo 3 districts and build a low-rise condominium around 5 storey, and sell it at higher price with yield rate about 5%.He said that he could also get income gain as rent for several years before selling them.

You can watch the list of other High-Rise condos that Mr Hori owns in his Youtube Channel.
Please click the link to watch it.
Subtitle is only Japanese language but you can use auto translate to English or other languages.

https://www.youtube.com/watch?v=O1x-JtNuU74

August 12, 2021

According to the report by Bloomberg,after the Tokyo Olympic games 2020, the large-scale apartment "Harumi Flag" (Chuo-ku, Tokyo) which was used by athletes as Olympic Village, is now drawing the attention of buyers, and public viewing will start later this month.Real estate prices in Tokyo are rising, and “Harumi flag” could be one of the attractive investment in real estate market in Tokyo.

According to Mitsui Fudosan Residential,there were 2220 applications for 940 units which were in sale in January last year.The remaining units resumes sales in later this month.The buyers will be able to move in around March 2024 after being refurbished.

According to the survey in June by Tokyo Kaitei,the average asking sale price of Second-hand condos in the 6 Central districts in Tokyo, including Chiyoda, Chuo, and Minato, was 91.64 million yen (70 square meters equivalent), an increase of 11% from the same month of the previous year.The price of the 72.88 square meter property in Harumi Flag is about 57 million yen.

Suumo real estate portal which is run by Recruit Holdings said that newly built properties around Toei Oedo Line Kachidoki Station are sold around 80 to 90 million yen for 70 square meters while similar sized properties in Harumi Flag are sold for 60 million yen.Price of Harumi Flag is cheaper than other properties which are closer to station.

The reason why properties in harumi Flag are sold at cheaper price is the distance from the station.Harumi Flag was build on reclaimed land and located 2.5KM from Ginza, but 16 to 20 mins away on foot from Toei Oedo Line Kachidoki Station which is nearest from Harumi Flag.There is a bus stop of the Toei Bus nearby, and the high-speed bus transportation system "Tokyo BRT" is also planned to operate.

Aug 4,2021

According to the report by Real Estate Information Network for East Japan,inventory of Second hand residential property decreased.There are few people who sell residential property.As a result, prices are rising and the number of people who want to buy residential property may decrease.

The number of inventories of Second-hand apartments in Greater Tokyo Area in June was 33,641 units and decreased by 26% from the same month of the previous year. The number of used single-detached-house also decreased to 14,159 in June for 13 consecutive months.Some sellers stop selling and are waiting for price increases.

According to the report by Tokyo Kantei,the average asking sale price of Second-hand apartments in June was about 41 million yen in the Tokyo metropolitan area, the highest since the survey started in 2002.The monthly contract price by Real Estate Information Network for East Japan was about 38 million yen, up 9% from the same month of the previous year.The number of contracts in the amount of 100 million yen or more from April to June in 2021 was 302 contracts, 2.7 times higher than the same period of the previous year.

One of the reasons why second-hand apartments are popular is that the number of sales for newly constructed condominiums and apartment is low.The number of units sold in the Tokyo metropolitan area peaked at 80,000 to 90,000 units in the early 2000s, and has now decreased to 30,000 units.

The supply of newly constructed apartments decreased and the price increased.High-priced properties in the city center are popular from high-income earners.If the pace of price increases slows down and the number of sellers increases, the number of inventories will increase again, but we still do not know when that timing will come.

July 20,2021

According to the report on July 19th by Research firm Real Estate Economic Institute,the number of newly built condominiums on sale is 13,277 units in the first half of 2021 in Greater Tokyo Area.77.3 percent rose from last year.That is almost same level as the first half of 2019 and has recovered to Pre-Covid levels.

The expected supply in the second half of 2021 is about 19,000 units, and it is expected to exceed 30,000 units in 2021 for the first time in two years.The average price per unit in the first half 2021 is 64.14 million yen(582,500USD), down 3.9%.Fall for the first time in 9 years. However, it has increased by about 40% from 10 years ago.

High-priced properties in the city center are popular from the wealthy.Park Tower Kachidoki Mid (Chuo district in Tokyo) in the Tokyo Bay area of Mitsui Fudosan Residential started to be sold and all the units had application for purchase.In November, sales of the Harumi Flag (Chuo district in Tokyo), a large-scale apartment used by athletes for 2020 Tokyo Olympic games, will resume.

July 2,2021

According to the Nikkei, Mitsubishi Estate, a real estate developer, and Tokyo Broadcasting System, one of major broadcaster in Japan, will redevelop Tokyo's Akasaka district. They start to move for post-COVID-19 pandemic as vaccination is in progress, and will invest about 200 billion yen (1.8 billion USD) and will rebuild skyscrapers in 2028.

This project includes rebuilding Kokusai Shin-Akasaka buildings into the 2 skyscrapers with offices, founding support facility for startups, hotel and theaters to attract the tenants in the entertainment industry.The size of the site will be approximately 15,000 sq. meters.

Mitsubishi Estate also have others plans to develop in Yurakucho by 2030 and Otemachi by 2027.

July 1,2021

On July 1, the National Tax Agency released the land prices for 2021 (as of January 1), which is called “Rosenka” and is the basis for calculating inheritance tax and gift tax.According to the release, land prices dropped 0.5% on national average in 2021 from previous year, fell for the first time in 6 years.

Land prices in 39 prefectures of total 47 fell down.39 prefectures include Tokyo, Osaka, which had been rising for 7 consecutive years. Land prices in Fukuoka, Hokkaido and other 5 prefectures rose but the rate of increase is only 1.8% maximum.Land prices of total 47 prefectural capitals dropped in 22 prefectures.

Shinsaibashi in Osaka and Asakusa in Tokyo which are popular tourist spots from inbound travelers from overseas saw the decline of 26.4% and 11.9% respectively. Takayama in Gifu also fell by 12.7%.

The highest land price is 42.72 million yen (384,600USD based on rate July 1,2021) per square meter in front of Kyukyodo in Ginza, Tokyo.It is the highest in Japan for 36 consecutive years, but turned negative for the first time in 9 years, down 7.0% from the previous year.

June 30,2021

CapitaLand, Singapore’s real estate developer, announced that they will acquire three rental housing properties in central Sapporo for a total of 6,780 million yen (61,365,780USD based on the rate on June 30th 2021)
CEO of ART,CapitLand’s subsidiary, explained that “the average occupancy rate of their 11 rental housing properties in Japan was strong at 96% even in 2020 under the spread of the new coronavirus infection.Sapporo is an economic and logistics hub, and its population is increasing.New supply of rental housing properties in Sapporo is limited and high demand is expected.”

June 25,2021

The preliminary 2020 census data was released on June 25th and population in Japan as of Oct 1st 2020 is 126.22 million including foreigners living in Japan.868,177 degreased from the previous census in 2015, 0.7% rate of decline.Japan ranks 11th in the world by population, dropped from 10th in 2015.

Tokyo has the highest population growth rate of 4.1%, 14.06 million.In greater Tokyo area which includes Saitama, Chiba and Kanagawa prefectures, increased by 800,000 to 36.93 million, around 30% of population in Japan.

For the related information, please see "Birthrate & Population" on the page of "Environment in Japan "

June 25,2021

“HARUMI FLAG” is used by athletes for 2020 Tokyo Olympic games and will be for sale in the middle of November. Several developers such as Mitsui Fudosan Residential announced on June 25th. “HARUMI FLAG” started to be sold in summer 2019, and 940 units were sold from total 4145 units. The remaining 3200 units will be open to the public as Model units in the middle of August after 2020 Tokyo Olympic games ends.All units are used by athletes but they are sold as new units.Harumi is in Chuo-ward, one of Tokyo 3 districts that are most popular among foreign investors.

June 21, 2021

Ranking of expat living expenses in the world in 2021, Hong Kong took No1 city with the highest cost of living(1st in 2020 as well) and Tokyo overtook New York to take 2nd place(New York 2nd and Tokyo 3rd in 2020), and 5 of the top 10 cities are in Asia. according to ECA International, a British human resources consultant.

Cities that rely on tourism, such as Thailand and Vietnam, have dropped the ranking due to the impact of Covid-19.

2021.06.17

Ascot, a serviced apartment operator in Singapore, opened a co-living style hotel "lyf Tenjin Fukuoka" in Fukuoka on 16th June 2021.This is the first "lyf”brand in Japan.
Ascot runs serviced apartments, co-living rooms, rental housing, hotels, etc., totaling 5,500 rooms in 9 cities in Japan.

News source: https://www.capitaland.com/international/en.html

2021.06.16

Japanese government decided White Paper about tourism 2021 in the cabinet meeting on 15th June'21.
In 2021, Japanese government promotes traveling by tour with small group to gradually recover inbound travel that was affected by Covid-19.

Japanese government maintains targetting 60 million visitors from overseas in 2030.In 2020, inbound travelers to Japan degreased 87.1%, 4.2 million tourists.

2021.06.15

A bank in Kawaramachi Kyoto just launched a 10-storey complex building. Bank Branch remains on 2nd storey. 3rd storey and upper storey are hotel rooms and 1st storey is used for convenience store.

Visitors to bank degreased 30% and the profit from hotel may contribute and help maintaining bank branch.

Banks were not allowed to use same building with other purpose of business by regulations of Financial Services Agency in Japan. But after 2017, banks are allowed to share building with restaurant and shops.

This is a first time for Bank of Kyoto to share a same building with purpose of use for hotels.

กรุณาคลิกภาษาไทยเพื่อดูหน้าไทย

2021.06.15

DAI-ICHI LIFE insurance considers ESG(Environmental, social and corporate governance) investing in property.

Yield rate for ESG investng is 10% lower because the profit rate considers higher and risk is lower.For example, yield rate for office is normally around 3%. Yield rate for ESG property may be 0.2 to 0.3% lower than normal average rate.

DAI-ICHI LIFE considers 12-storey office building made by wood in Kyobashi near Tokyo Metro Ginza line in Chuo-ward in Tokyo in concert with a large constructor Shimizu Corp.

2021.6.15

Tencent Cloud, a Chinese internet giant, has chosen 4 big cities in the world and opened internet date center in Tokyo, Hong Kong, Bangkok, Thailand and Frankfurt, Germany.

2021.05.27

Office rent in Nakano is gradually increasing while vacant office in CBD especially in Shibuya is increasing.
Nakano city is located at fringe area near Shinjuku which is just 7 minutes by train from Shinjuku, one of the busiest station in Tokyo.

2021.5.25

"PROUD TOWER Higashi Ikebukuro STATION ARENA" is a newly constructed condo which is under construction and will be completed in 2022, built by Nomura Real Estate development.

Average unit price is over One hundred million yen(918,200.00USD, 100JPY=0.92USD, based on rate on May 26th, 2021). Sales has been started since September in 2020 and were originally expected to be sold out within one year but all 248units were sold in February 2021 which is half a year earlier than expected.

We, Plus de liberty-Tokyo, are interested in second hand sales as location is good and you can directly reach Tokyo Metro Higashi Ikebukuro Station in 1 min.