A traditional Japanese house in the heart of Shibuya is currently on the market for 2.27 billion Yen (approx. 20.3 million USD).
On February 1, Kyoto City issued a warning to the owner of a city-designed historic home after learning about plans for its sale and demolition or relocation. This is the first time the city has had to issue a warning to a property owner.
Price: ¥138,000,000 (approx. 1.24 million USD)
A traditional machiya for sale in central Tokyo? In the middle of Tsukiji? And a 4 minute walk to a subway line? Yes, yes and yes. Up for grabs is a 3-storey merchant house near the former Tsukiji Fish Market and just behind Hongan-ji Temple.
First Cabin, a Tokyo-based developer and operator of capsule-style accommodation across Japan, announced plans to open a cabin-style hotel in a traditional machiya-style townhouse in Kyoto. The new hotel will open on March 28, 2019.
In November 2018, a Gifu-based real estate company has purchased a historic Japanese inn at a public foreclosure auction. The winning bid was 42,790,000 Yen.
The former Yasuda Residence in Takarazuka City may soon be donated to a private enterprise, with applications from interested parties to be held sometime in February or March this year.
On December 6, Keihan Real Estate announced plans to enter the machiya guesthouse business in Kyoto City. The company, along with Tokyo-based real estate flipper Intellex, plans to invest 2 billion Yen (approx. 18 million USD) in restoring 10 guesthouses over the next year.
On November 28 it was reported that Imperial Hotel, Ltd. is looking to open an Imperial Hotel in Kyoto City. A major contender for the new hotel is the historic 82-year old Yasaka Kaikan building in the Gion district.
A Tokyo-based real estate company has purchased a historic restaurant in Otaru, Hokkaido, with plans to restore the 120+ year old building and develop a hotel on an adjoining lot.
A traditional townhouse dating back to the 1400s in Kyoto was demolished at the end of August. The Kawai Residence, located alongside the Tenjin River in Nakagyo Ward, was the oldest surviving townhouse in the city.