One of the news stories about Japan that caught our attention was the construction of BRANZ condominiums in BSD Tangerang and Simatupang, South Jakarta. Mori Showflat
The news was published in the national newspaper Kompas to the local newspaper, Koran Jakarta.
The BRANZ condominium will be built by one of the founding contractors for luxury condominiums in Japan, Tokyu Fudosan through a subsidiary in Indonesia called Tokyu Land Indonesia (TLID).
What’s even more interesting is that TLID will buy the land, build the condos and sell them themselves.
The two projects currently being worked on by TLID are the BSD Project in Bumi Serpong Damai, Tangerang and the Simatupang Project in Lebak Bulus, South Jakarta.
The main targets of these two projects are different, you know. Can you guess the target of the two projects?
The target of the BSD Project is investors. Meanwhile, the Simatupang Project targets people who want to buy their condominiums and live there.
Friends who live in Jakarta will know that the Simatupang area is indeed strategically located. To the office or to the mall can be reached on foot.
In Japanese cities, there are many high-rise condominiums/apartments. The number has already exceeded the number of houses. When will the same thing happen in big cities in Indonesia?
Talking about the housing sector in Indonesia is indeed interesting. The housing sector itself is dynamic, especially with the presence of TLID’s BRANZ-style Japanese condominiums.
Fun! Japan Team wants to know what your friends think about BRANZ through special Fun! Japan Talk this time. As usual, answer the talk by clicking join now and don’t forget to write your comments too in the comment box.
Area: 5.3 hectares
Number of condominium units: 3,000 units (first phase 1,200 units)
Area: 1.5 hectares
Number of condominium units: 381
Condo Prices in Tokyo Japan Average 67.5 Million Yen, Up 10% Compared to 2020
The average price of newly built condominiums in the Tokyo metropolitan area is around 67.5 million yen, an increase of 10% from the same month last year (2020).
The average price per unit of newly built condominiums released in the Tokyo metropolitan area in October 2021 is 67.5 million yen, up 10% from the same month last year.
According to a private research firm, the Real Estate Economic Research Institute, the number of newly built condominiums released last month in Tokyo, Kanagawa, Saitama, and Chiba was 2055 units, down 38.8% from the same month last year.
In addition, the average price per unit in each of the three prefectures was 67.5 million yen, an increase of 10.1% over the same month last year.
Of these, the average price in Tokyo’s 23 districts was 84.55 million yen, an 11.8% increase over the same month last year Saitama Prefecture was 46.98 million yen, an increase of 16.7%.
Inventories of newly built condominiums have decreased by more than 1,000 units from the same month last year, and the research firm analyzed that demand for condominiums has remained steady, it will be watched to see if that will lead to further fluctuations in average prices in the future.