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While transaction volume is slowing for this segment, prices are still rising indicating robust buyer demand remains strong.
The firm gained government approval to increase floor space in excess of regular zoning laws by incorporating public spaces on the privately owned land.
REthink Tokyo has compiled data illustrating land pricing trends from 2000 to 2021.
Monthly year-on-year data shows contracting inventory with strong buyer demand continues to drive prices per square metre higher.
While prefectural overall starts declined, Chiyoda, Minato and Chuo saw a significant increase.
The Greater Tokyo / Osaka regions both continue multi-month average price declines; Osaka and Fukuoka prefectures rise.
Greater Osaka drops slightly; Greater Nagoya rises slightly month on month.
Results show the need for the industry to up the game when it comes to listing syndication across property portals.
Sumitomo Realty and TEPCO collaboration moves home building closer to realizing sustainable development goals.
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