Japan Property Central
The Toyohashi branch of the Nagoya District Court has issued an eviction order to the religious organization that is using the former Gamagori Fukinuki Sightseeing Hotel in Miyacho, Gamagori City. The court is ordering the land to be returned to its owner (Miyacho) and the building to be demolished.
The original hotel opened in 1939 [...]
Moves are underway to lift the ban that prohibits advertising the former price of a secondhand property or land alongside it’s new and reduced price.
Currently, this form of advertising can only be used on brand new construction less than two years old, and which has never been occupied. Certain terms relating to the length [...]
According to research by Tokyo Kantei, the average new apartment price in Japan is 6.27 times the average annual income. This is an increase of 0.26 points from 2010, indicating an increased difficulty in purchasing homes.
The average price to income ratio for a secondhand apartment (10 years old) was 4.32 (0.26 points higher than [...]
The management of Nagoya’s “Ran no Yakata Orchid Garden” is under serious review and the grounds may be put up for sale as the city reviews its budget.
Situated on a 1.6 hectare site, the gardens opened in 1998. In that same year, over 370,000 people visited the gardens, but by 2011 the number had [...]
Of Japan’s apartment buildings built prior to 1970 to older and less stringent earthquake standards, only 16% have been inspected to see whether they can withstand a large earthquake.
In February, the Condominium Management Companies Association conducted a survey of 2100 pre-1970 apartment buildings nationwide. From the individual management companies that responded, only 16% reported [...]
With the recent announcement of the 2012 kouji-chika land prices by the MLIT, it became apparent that the decline in land values across Tokyo is beginning to slow down. The average fall in land values across greater Tokyo in 2012 was 1.3%, which is an improvement of 0.7 points from 2011.
The price of land [...]
The American National Association of Realtors (NAR) announced plans to open an office in Tokyo by the end of the year. The Tokyo branch will be set up to increase the number of foreign real estate transactions.
The office in Tokyo will provide a link between the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), [...]
Tokyo Theatres Company announced that they will be selling the Ginza Theatre Building in Ginza 1 Chome for 17.8 billion Yen (222.5 million USD) to an undisclosed buyer.
The building was sold to improve the financial situation of the company. The future of the company’s “Ginza Theatre Cinema” and Hotel Seiyo Ginza which are located [...]
“Melon Castle”, a liquor distilling facility in Yubari City, Sapporo, will be sold to a wholesale/retail company called Base Create. The facilities will be used to package and store goods.
Yubari City had previously agreed to sell the facilities to another buyer, but the sale was canceled in March as the buyer did not make [...]
A survey by the Yomiuri Shimbun has found that foreigners hold as much as 1103 hectares (11.03 million sqm) of forestry in Japan. This number, however, is thought to represent just the tip of the iceberg as there are many cases of foreigners buying land and registering it in the name of a Japanese citizen [...]
