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Tokyo is signified with “abundance in 360 degrees” – streets filed with shops, cultural offers, and most importantly – business activities. The city retains a good balance of cultural and commercial offers and it is no surprise that Tokyo was ranked #2 on Monocle magazine’s 2014 Quality of Life Survey.
Since the government incepted the Japan Tourism Agency in 2008, an influx of non-Japanese tourist surged – attracting many Asian tourists that are hungry for what Tokyo has to offer. This tendency is also reflecting to real estate market. There is a gradual hike in Hong Kongner and Taiwanese investors, snapping deals on Tokyo’s properties. Depreciation of yen and a stable return of investment (usually 4% net for a studio apartment with s consistent renters) in the central Tokyo is a source of their allures.
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Market Data: Stagant Transaction Performance in NovemberSecond hand condominium property market in Tokyo and Osaka was stagnant in November.
ALL UNITS SOLD OUT: Brill Towers MeguroBrill Towers Meguro, previously reported on EDGY LUXE as a “buy” property, is sold out now
Ebina, Kanagawa Welcomes a Launch of Lalaport Shopping CenterEbina, a quiet sub-suburb of Tokyo located 50 km from Shinjuku, welcomed its opening of Lalaport Shopping Center at right next to the stations.
Data: Strong Transaction Performance in both Tokyo and OsakaIn October, both Tokyo and Osaka experienced hike in the second hand condominium price.
Opening of Oakwood Premier Tokyo in January 2016Tokyo Station vicinity, the area also known as Marunocuhi and Yaesu, is going through rigorous developments. Aman Tokyo was launched this year, and more to come in 2016.