# CITY EMPIRE — Real Estate Developer Tycoon

> Real Estate Developer Tycoon (iPhone/iPad app by koichi hashimoto.)

- Source: https://appshunter.io/ios/app/city-empire/id6814046927 (this page in markdown: same URL + `.md`)
- Developer: [koichi hashimoto](https://appshunter.io/developer/1659408789)
- Category: Games, Entertainment, Simulation
- Price: Free with in-app purchases
- Age rating: 4+
- Requires: iOS 15.0 · 63 MB
- Languages: American English
- Released: 2026-10-21
- Data updated: 2026-10-29

## What is CITY EMPIRE?

From a small-town realtor to the world's largest real-estate group.

CITY EMPIRE is a turn-based management sim about running a real estate developer - the sequel to BUILD EMPIRE, and this time you hire the contractor. Acquire, build, lease, sell, and climb to No.1 in the world by assets under management.

■ How it plays
1. Acquire - read the seller's situation, negotiate, and buy listings and land
2. Develop - choose what to build, award the job to a contractor, reach completion
3. Operate - fill the space and let rental income build up month after month
4. Exit - sell, hold, or move it into your own fund. Timing the market is the game

■ Features
- Fully turn-based. Nothing moves until you press "Next month".
- One formula drives every price: value = NOI / cap rate. You raise the NOI; the market sets the cap rate.
- Rates and the economy move in cycles. Prices fall as well as rise.
- From a used condo unit to apartments, condos for sale, logistics, hotels and city-center offices, with 6 exterior designs
- Contractors differ in specialty, track record, temperament and quality. Pick lowest-price or best-value bidding.
- Sites have traits: buried obstacles you only find by surveying or digging, deadline handovers, quirky sellers
- Every seller has a situation. Read it and make your offer.
- Borrowing grows up to non-recourse. Four banks, a main bank, credit crunches, and exchange rates that move in phases
- Land tenders, merging lots, land-for-floors exchange, coin parking, rebuilds
- Sell condos unit by unit; fees continue after sell-out
- Property events: move-outs, complaints, change orders. Your answer changes the outcome.
- Typhoons, floods and earthquakes, and insurance to match
- Redevelopment, block development, and beyond No.1: new towns, sea cities and spaceports
- District plans (new stations, universities, international events) move land and rents; rival towers compete
- Old unrenovated buildings look dated, so renovation pays
- Funds and REITs, group companies, overseas, IPO and shares
- M&A by negotiation, with counter-bids. Keep firms as subsidiaries, or buy into other industries.
- Earn beyond buying: property management, construction contracts, shared offices
- A board of directors, labor unions and annual wage talks
- Deposits and key money when tenants sign
- Stage 6: vice-president portfolios, national projects, flagship towers in New York and Singapore
- After No.1, rivals chase you and upstarts surge. How long can you hold the throne?
- ZEB buildings, staff qualifications, real land prices and tax rules
- A monthly report down to depreciation, tax and cash flow, free for all
- Your properties glow vermilion on a living city map
- A world ranking of about 220 companies, plus Game Center. Pay and HR work just as in BUILD EMPIRE.
- Achievements, 3 save slots, iCloud sync, Japanese and English, bulk actions and stage goals

■ Pricing
Free to play all the way through, with a banner ad. You can reach Stage 6 and world No.1 without paying.
The one-time Premium (Deep mode) purchase removes ads and opens up finer control over decisions you already make. It does not give better listings or better loans.
- Tenants - rent per unit, condo prices by floor, free rent, countering lease terms, deposit and key-money months, insurance options
- Planning - B variants and themed exteriors; shared offices per floor
- Management - property managers, contractors, energy retrofits, overseas buyers
- Pay and HR - pay and bonus by grade, benefits design, qualification support
- Banks and stocks - loan negotiations; investing in shares
- Funds - private fund terms; timing and size of REIT offerings
- Listed company - payout ratio, forecasts, shareholders' meeting, takeover defenses
- Group companies - subsidiary pay and dividends
- Overseas - an FX hedge per region
No subscription. One payment, yours for good.

Build your empire.

More is coming in future updates. Share your ideas in a review.

## Pricing and in-app purchases

Base price: Free.

**One-time purchases**

| Purchase | Price | Type |
| --- | --- | --- |
| Premium (Deep mode) | $5.99 | one-time |


## Is CITY EMPIRE safe?

Not enough ratings yet to assess CITY EMPIRE.

## Is CITY EMPIRE legit?

CITY EMPIRE appears legitimate, with a few gaps. The AppsHunter Legitimacy Score for CITY EMPIRE is 70 out of 100 points across 7 verification signals from App Store and developer data.


## Version history (last 4 releases)

### 1.2.1 — 2026-10-28

Version 1.2.1

・Fixed a bug where "Next month" stopped working at Stage 6 if a vice president was in charge of overseas business, in the month a flagship site in a world city would appear. After updating, you can continue from that month. Sorry for the trouble

### 1.2 — 2026-10-27

Version 1.2

■ New ways to earn besides buying property
・Property management: take on other landlords' properties and earn a monthly fee (5% of rent for housing, 3% for buildings, 12% of revenue for parking). Take on too much without the staff and owners cancel
・Construction contracts: take on renovations, custom homes and landowner apartments, and keep the margin after paying the contractor. Rising construction costs eat into it
・Shared offices: turn offices you build into shared offices (higher rent, more sensitive to the economy). With Premium, choose per floor band
・Retail properties can use fixed rent or rent linked to tenants' sales

■ An easier start
・The monthly report and home screen now show the change in your company's value (equity)
・Up to Stage 3, used listings come at bigger discounts and sell more easily
・The practice property's appraisal now rises clearly with each renovation level
・The Land tab appears from the start and tells you when it opens
・Hard and Expert start without the practice properties

■ Also
・Fixed a bug where the Properties tab could not be opened while you owned overseas land. If a company then showed "could not read the save", you can restore it from Saved games on the title screen. Sorry for the trouble
・Earthquakes happen less often (moderate ones about every 5 years, major ones about every 30 years)
・Reaching Stage 6 now takes about 40 years (was about 50)
・New Premium exterior themes when planning: green and brick
・Co-investment development fees rebalanced

### 1.1 — 2026-10-22

Version 1.1 — a major update

■ Beyond world #1
・New STAGE6 ventures: executive vice-president portfolios, national-project tenders, flagship towers in New York and Singapore, and sea and spaceport cities after you reach world #1
・After you reach #1, top rivals chase you, and fast-rising upstarts appear
・You're notified when you lose or retake the #1 spot, and your longest reign is recorded

■ Deeper management
・M&A is now a negotiation. Rivals merge with each other, you can keep acquired firms as subsidiaries, and appoint their presidents
・Board of directors: big decisions go to a vote (you can push them through)
・Cross-industry M&A: buy or ally with general contractors, design firms, trust banks and more (6 industries)
・Labor unions and annual wage talks
・Security deposits and key money (market rates by property type; Premium lets you set the months per property)

■ Properties and the city
・Contractor traits: compare specialties, track records, temperament and quality. Choose lowest-price or best-value bidding, or give a past contractor a negotiated contract
・Property traits: site history and buried obstacles (survey before you build?), seller quirks, deadline handovers
・District events: announced new stations, redevelopments, universities and international events, plus competing supply from rival towers
・Old unrenovated buildings now look dated, so renovation pays off more
・Exchange rates now move in phases and show as "$1 = ¥…". A weak yen draws higher bids from foreign investors
・Choose from 6 exterior designs when planning, plus 200+ new property illustrations

■ Easier to play
・Bulk actions: tenders, seismic retrofits and insurance. Repeated notices in the monthly report are grouped
・A checklist of small goals for each stage
・Celebrations for promotions, reaching #1 and other milestones, and a refreshed look
・Selling the same way over and over now lowers prices, so more paths to victory pay off

Plus many bug fixes and balance adjustments.

### 1.0 — 2026-10-21

No release notes.

## More apps by koichi hashimoto

- [建築設備簡易計算アプリ](https://appshunter.io/ios/app/id1659408787)
- [Step Calendar: Pedometer](https://appshunter.io/ios/app/step-calendar-pedometer/id6748911712)
- [MoveLog: GPS Route Tracker](https://appshunter.io/ios/app/movelog-gps-route-tracker/id6751105125)
- [SUDOKU Master: Numbers Game](https://appshunter.io/ios/app/sudoku-master-numbers-game/id6751460809)
- [Beauty Skill Log 〜美容師の成長記録〜](https://appshunter.io/ios/app/beauty-skill-log/id6752817465)
- [ジェムリン 毎日1回の宝石ブロックパズル](https://appshunter.io/ios/app/1/id6752832884)

All apps by koichi hashimoto: https://appshunter.io/developer/1659408789

## Related topics

[real estate tycoon city](https://appshunter.io/ios/topics/real-estate-tycoon-city)

---

*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-10-29.*