Landlords slashing rents in Harumi Flag – JAPAN PROPERTY CENTRAL K.K.

Harumi Flag, the conversion of the Athlete’s Village on Tokyo Bay, is facing an oversupply issue as hundreds of investors and landlords put their units on the market at once. In May 2024, NHK reported that over 500 units had been put up for rent or resale by investors.

Delivery of the units to buyers began in January 2024. By May, almost 330 apartments were advertised for rent.


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