Oct
08
Chinese Investor Buys Tokyo’s Most Expensive House Since 2004
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The two homes were the most expensive sold since 2004
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Chinese visitors to Japan have doubled to 3.35 million in 2015
A Chinese investor paid the highest price for two newly built Tokyo houses in more than a decade as residential property values in the Japanese capital accelerate.
The unidentified investor in August bought two adjacent houses in Akasaka, a high-end commercial district, for about 690 million yen ($5.8 million) and 680 million yen, said Mitsuo Hashimoto, the president of Housing Japan K.K., which developed and sold them. That is the most expensive price for a new house in Tokyo since at least 2004, according to data from the Tokyo-based Real Estate Economic Institute Co…
Chinese Investor Buys Tokyo’s Most Expensive House Since 2004
