HULIC wins bid for hotel development on historic site in Nara

HULIC wins bid for hotel development on ...

Japanese real estate company HULIC has been selected to develop a hotel on a historic site within Nara Park. Nara Prefecture received bids from four companies during the month-long public tender process held in January 2017. The 1.3 hectare site was originally home to a sub temple, but sold off to private interests in the late…

80-yr old Osaka department store to be converted to luxury serviced apartments

80-yr old Osaka department store to be c...

The East Annex Building of the Takashimaya Department Store in Osaka’s Nipponbashi district may soon be refurbished and converted into high-end serviced apartments catering to foreign visitors. Takashimaya is expected to enter into an agreement with major Singapore developer CapitaLand later this year. The 7-story Renaissance-style building has a total floor area of 40,000 square…

Roppongi land sells for 15 billion Yen (135 million USD)

Roppongi land sells for 15 billion Yen (...

A 2,200 sqm development site in Roppongi was sold by the local finance bureau at a public tender sale in February. The land sold to Mori Building for a reported 15.01 billion Yen (approx. 135.6 million USD). A total of 10 buyers submitted bids on the property. This sale price works out to approximately 6,823,000…

Central Tokyo apartment transactions reach 9-year high in March

Central Tokyo apartment transactions rea...

According to REINS, 3,719 second-hand apartments were sold across greater Tokyo in March, up 7.5% from the previous month and up 3.6% from last year. The average sale price was 31,450,000 Yen, down 0.2% from the previous month but up 2.9% from last year. The average price per square meter was 492,800 Yen, down 100…

Mitsubishi sells Yokohama Building for 76 billion Yen

Mitsubishi sells Yokohama Building for 7...

On March 30, Mitsubishi Heavy Industries announced the sale of their Yokohama Building for 76.1 billion Yen (approx. 688 million USD) to HULIC and KRF. The sale included the 33-story office building and the 20,000 sqm block of land. The adjoining house exhibition showground on the north-west side of the office tower was included as part…

Central Tokyo’s population to increase by 40% over next 20+ years

Central Tokyo’s population to increase b...

According to the Tokyo Metropolitan Government, the resident population in Tokyo’s central three wards of Minato, Chiyoda and Chuo are expected to increase by 43% over the next 23 years as wealthy families and older retirees return to the city center. The population of the three wards is forecast to increase from its current level…

New condo starts down 35% in February

New condo starts down 35% in February

According to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), housing starts across Japan in February were down 2.6% from the previous year to 70,912 units. This is the first time in 8 months to see a decrease from 12 months prior. Housing starts in the Tokyo metropolitan area were 12,370 units, down 4.9%…

Historic Yugawara Fujiya Ryokan sold to fund, to reopen in 2018

Historic Yugawara Fujiya Ryokan sold to ...

The historic Fujiya Ryokan in Yugawara, Kanagawa, has been sold to a fund and will re-open in 2018. The sukiya-style building was built during the Meiji period (1868-1912), while the gardens date from the previous Edo period. The ryokan was a famed high-end onsen until its closure in 2002. Since then, the building has sit…

4 Apartments For Sale in Roppongi Hills

4 Apartments For Sale in Roppongi Hills

Four apartments are currently for sale in the Roppongi Hills Residences. The Residences form part of the landmark Roppongi Hills complex, which includes an office tower, restaurants, a retail mall, Grand Hyatt Hotel, TV Asahi studio, Louis Vuitton, Tiffany, and Escada boutiques. Roppongi Hills is a nationally and internationally renowned complex and is considered one of the…

Tokyo Apartment Sales in March 2017

Tokyo Apartment Sales in March 2017

The following is a selection of apartments that were sold in central Tokyo during the month of March 2017:

Go Top