Average Price of New Tokyo Condos Surpasses 100 Million Yen

TOKYO, Apr 19 (News On Japan) - The prices of newly built condominiums in Tokyo's city center continue to surge, surpassing 100 million yen ($650,000) on average across all 23 wards.

According to the Real Estate Economic Institute, a private research firm, the average price for a new condominium in Tokyo's 23 wards reached 100,464 million yen in fiscal 2023, marking the first time it has crossed the 100 million yen threshold.

This price surge has been influenced by a series of luxury property launches in central Tokyo, increases in land prices, and rising costs for materials and labor.

Meanwhile, in the metropolitan area encompassing Tokyo, Kanagawa, Chiba, and Saitama, the average price of new condominiums rose by 9.5% compared to the previous fiscal year, reaching 75.66 million yen, setting a new record high for the third consecutive year.

Source: TBS

Japan's Cough Medicine Shortage Continues

Cough medicine shortages have been ongoing for over a year in Japan, creating significant challenges for both patients and healthcare providers. Hospitals and pharmacies report dwindling stocks, with some relying on alternative solutions like medicated patches.

Japanese Photographer Dies After Being Pushed in New York

A renowned Japanese photographer based in New York, Yasuomi Hashimura, known for his groundbreaking contributions to American advertising photography, died after being pushed on the street by a man.

Wake Held for Princess Yuriko of Mikasa

A wake for Princess Yuriko of Mikasa was held at her residence within the Akasaka Estate, attended by members of the Imperial family, including Princess Aiko, the eldest daughter of the Emperor and Empress.

Student's Homemade Bomb Sparks School Lockdown in Sapporo

A suspicious object feared to be explosive was discovered at a high school in Sapporo on the afternoon of November 22nd, causing temporary chaos. The object was found to have been brought to the school by one of its students.

China to resume visa-exemptions for short-term Japanese travelers

China says it will resume allowing visa-free visits by Japanese nationals on short-term trips from the end of this month. (NHK)

MEDIA CHANNELS

MORE Business NEWS

Matsusaka Auction Sees Top Cow Net Over 30 Million Yen

The prestigious Matsusaka Beef Competition, a showcase of premium cattle from Mie Prefecture, was held Sunday, where the top-ranked cow was auctioned for almost $200,000 (30.32 million yen).

Crayon Shin-chan Landmark Store Shuts Down

A store featured as a model in the anime "Crayon Shin-chan" closed its doors on November 24th.

Japan's Xmas Cake Budget Shrinks

With one month left until Christmas Eve, a survey by a department store has revealed that the average budget for Christmas cakes in Japan has declined, despite a rise in the number of people planning to purchase them.

Trading in Japan: Insights and Opportunities

Japan’s trading landscape is a landscape of modern financial markets mixed with technological innovation and 400-year-old trading traditions.

日本での広告支払いに新たな可能性：GoogleとFacebook用のバーチャルカード

日本の企業はGoogle AdsやFacebook Adsを使ってビジネスを拡大していますが、支払いに関する問題が広告キャンペーンの妨げになることがあります。

About 1,000 Nissan employees in US accept early retirement offers

Struggling Japanese automaker Nissan Motor says about 1,000 of its employees in the United States have accepted early retirement offers. That figure represents 6 percent of the firm's US workforce. (NHK)

Japan Allocates Budget for Securing Copper Mine Interests

The Japanese government plans to incorporate securing copper mine interests into its upcoming economic measures, according to a report by TV Tokyo. Copper, an essential material for electric vehicles (EVs), semiconductors, and data centers, faces increasing global demand, raising concerns over supply shortages.

Beaujolais Nouveau hits shelves without price hike

This year's bottles of Beaujolais Nouveau have hit store shelves across Japan. And in some more good news for wine drinkers, many retailers and importers have kept prices unchanged despite the weak yen. (NHK)

< 2 3 4 5 >