Plans for a new Yamanote Line station was announced this year. in 2012
The story below (Heading above) in the Japan Times highlights the application for a real estate buying strategy in Tokyo. The East Japan Railway Co is building a new railway station between Shinagawa and Tamachi stations.
Sites to look at are in areas where subways might be extended or new stations added. a principle guiding decision will be:
1. Local minimum population density - look at neighbouring areas
2. Distance between train stations - look for anomalies
3. Explanation for anomalies - why is there no station there? Topographic anomaly so no settlement; perhaps a park, etc.
4. Growing population density - historical evidence that the area is growing in population. High rise developments, new stores like HokkaHokkaTai-obento shops or Mackers,etc are good signs to keep an eye out for, take a look at Japan's very good population statistics. They offer monthly changes in demographics.
5. Space for growth - stations need to be supported by near-station development. It is harder to develop a station if the railway company cannot build some type of shopping precinct to service it.
Buying mortgagee bank owned property to 'hold' as a rental property to profit from anticipated future development. After a proposed new station is announced, you could expect property prices (Cap Gains) do very well.