What to check before buying a land in Tokyo

We are currently at the final steps of buying a land in Tokyo, so in this post I’ll share the information we checked when considering a given land. In an earlier post I looked at comparing the data on cities of Tokyo, which gives a good high level view, while this post will look at data-sources that are useful when looking at a specific land.

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Comparing cities to live in: Musashino vs Mitaka vs Koganei

We decided to build our own house in Tokyo. We narrowed down our area to the following stations on the Chuo line: Mitaka (Mitaka City), Musashi-sakai (Musashino City), Musashi-Koganei (Koganei City). We also considered Kichijoji, but it was way out of budget (also it gets very crowded on weekends), and Higashi-Koganei (the station between Musashi-sakai and Musashi-Koganei), but currently it lacks the shops and amenities that we got used to. It is being actively developed, so it might get there in the next 5-10 years, but it’s also between two pretty well developed stations, so chain stores might pass on opening their stores there (e.g. both neighboring stations have Ito-Yokado shopping malls, making it unlikely that there would be one in Higashi-Koganei in the future).

Choosing where to live is one of the truly life-altering decisions, especially for our children (as it affects which school they go to, their friends and also influences their career). While big part of this can’t be foreseen, I decided to take a look at the data available to compare these cities. I believe the same data is published for most cities in Japan, so even if you are looking at other places, this post might be able to help you make your own comparison.

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Thoughts on the future of the real estate market of Tokyo

This is a continuation of my previous post on buying vs renting in Tokyo

The future resale price of a property depends on demand: are there going to be people willing and able to purchase it? Let’s look into the forecasts affecting this. I will try my best to use official (government) statistics and forecasts, even if these are a few years outdated.

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Thoughts on renting vs buying in Tokyo

Recently I’ve been thinking a lot about buying either a house or an apartment (mansion), or whether renting makes more sense for now. The primary aim of this post is to collect my thoughts, and record the decision so that I can revisit it in the future. It might also help others considering the same question, but that’s not the main intention (e.g. I will focus exclusively on my use-case and not cover other locations or sizes).

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