After a lengthy refurbishment and retrofit, the former Kanagawa Prefectural Museum of Modern Art, Kamakura, will officially re-open as the Kamakura Bunkakan Tsurugaoka Museum on June 8. The iconic modernist building was designed by Junzo Sakakura (1901-1969) and opened in 1951 as Japan’s first public museum of modern art.
The former Karasuma Church in Kyoto is facing imminent demolition. The 5-story concrete building is a local landmark for its unusual design.
Sales in a new resort project in Niseko are off to a strong start with all villa lots sold. ‘Intuition’ is a condo-hotel and holiday home resort development by Hong Kong developer Zekkei Properties.
A waterfront district down in Kanagawa’s Miura Peninsula is being pushed as a potential luxury resort targeting wealthy foreigners. A current development proposal includes villas and high-end condominiums that could include their own berths for mega-yachts along with 20-minute access by helicopter from Tokyo. The villas could range in size from 340 ~ 1,120 sqm (3,658 ~ 12,000 sq.ft).
Land prices on this tropical island in Okinawa have increased by as much as 50,000% (no, that’s not a typo) over the past four years.
On April 26, the Ministry of Internal Affairs and Communications released their housing and land data as of October 2018. This survey is carried out once every five years. According to the report, the nationwide residential vacancy rate was 13.6%, a 0.1 point increase from 2013. The total number of vacant homes across Japan reached 8,460,000, an increase of 260,000 homes over the past 5 years.
According to Mori Building’s latest office market report for Tokyo’s 23 wards, the office vacancy rate at the end of 2020 is forecast to reach 2.3%, a 0.3 point increase from the forecast for the end of 2019. This would be the second year in a row to see an increase in vacancy rates, although the level remains historically low.
In 2018, reported transactions of second-hand apartments across greater Tokyo reached the highest record in history. There were 37,601 sales reported for the year, up 1.2% from 2017.
A town planning decision has been made for the Nishiazabu 3 Chome North-East District Redevelopment. The project will see a 200 meter tall mixed-use tower with residences, office, retail and a hotel. Construction is scheduled to start in 2020 with completion tentatively scheduled for 2025.
Kyoto’s modern architecture (buildings built from the Meiji period through to pre-war) is starting to disappear as developers grow increasingly keen on grabbing new sites for development.