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.
- Second hand condominium property market in Tokyo and Osaka was stagnant in November.
- Brill Towers Meguro, previously reported on EDGY LUXE as a “buy” property, is sold out now
- Ebina, a quiet sub-suburb of Tokyo located 50 km from Shinjuku, welcomed its opening of Lalaport Shopping Center at right next to the stations.
- In October, both Tokyo and Osaka experienced hike in the second hand condominium price.
- Tokyo 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.