Archive For The “All” Category

Harajuku Station Front Project to include retail and residential

Harajuku Station Front Project to include retail and residential

NTT Urban Development Corporation will start work on the Harajuku Station Front Project later this year. The 5,000 sqm site is located in a prime position directly across the street from Harajuku Station and the greenery of Meiji Shrine and Yoyogi Park. This is likely become a retail and residential landmark building.

Tokyo apartment asking prices in February 2017

Tokyo apartment asking prices in February 2017

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment in greater Tokyo was 35,830,000 Yen, up 0.4% from the previous month and up 6.7% from last year. The average building age was 22.5 years. In the Tokyo metropolitan area the average asking price was 48,450,000 Yen, up…

Mori Trust to develop luxury hotel near Nara Park

Mori Trust to develop luxury hotel near Nara Park

Mori Trust has won the bid to develop a hotel on the edge of Nara’s Yoshikien Garden and Nara Park. Mori is planning to have architect Kengo Kuma design the buildings, and will be seeking out an international luxury hotel brand to operate the hotel. 

For Sale: Historic Taisho-Modern House in Shinjuku

For Sale: Historic Taisho-Modern House in Shinjuku

Price: 125,000,000 Yen (approx. 1.1 million USD) One of the first homes to be built in the Mejiro Bunka-mura subdivision is for sale. The pre-war home is one of just a very small number of surviving historic houses in this neighbourhood. As much as 70% of the Bunka-mura neighbourhood was destroyed during air raids in 1944 and…

Japan’s residential land prices increase for first time in 9 years

Japan’s residential land prices increase for first time in 9 years

For the first time in 9 years the nationwide koji-chika assessed land value for residential land across Japan increased from the previous year. In 2017, the residential land value increased by 0.022% from 2016. This is in contrast to a 0.2% decrease reported in 2016. Of the 17,909 residential survey sites nationwide, 34% reported an annual…

Homat Woodville converted to condominium

Homat Woodville converted to condominium

The former Homat Woodville apartment building, now called Woodville Azabu, in Nishiazabu has been converted into a condominium with apartments to be sold off individually as tenants move out. Sales started in February 2017 with three apartments offered for sale. All three were immediately sold, including a 185 sqm (1,991 sq ft) apartment priced at…

Average apartment rent in February 2017

Average apartment rent in February 2017

According to Tokyo Kantei, the average monthly rent of a condominium-type apartment in greater Tokyo was 2,666 Yen/sqm in February 2017, down 0.6% from the previous month but up 5.5% from last year. The average apartment size was 60.09 sqm and the average building age was 20.4 years. In the Tokyo metropolitan area the average…

Supply of new apartments in February reaches second lowest level in past 17 years

According to the Real Estate Economic Institute, 2,310 new apartments were released for sale across greater Tokyo in February, up 66.9% from the previous month and up 3.3% from last year. This is the second lowest number seen for the month of February since 2000. Although sales conditions are very strong in central Tokyo, the…

Kyoto hotel industry boosted by foreign tourists

Kyoto hotel industry boosted by foreign tourists

Hotel revenues and occupancy rates in Kyoto are rising thanks to the recent boom in foreign tourist numbers. Even the typical off-season months in winter and summer are now seeing strong demand for accommodation. According to the Kyoto Convention Bureau, a survey of 34 hotels catering to foreign tourists found that the hotel occupancy rate…

Hokuriku region’s largest apartment building to be completed in 2018

Hokuriku region’s largest apartment building to be completed in 2018

Daiwa House is currently constructing a 23-storey, 206-unit apartment building in central Toyama City that will be the largest apartment building based on the total number of apartments to have ever been built in the Hokuriku region, which encompasses Toyama, Ishikawa and Fukui prefectures. The 85m tall Premist Tower Sogawa is due for completion in…

Go Top