The following is a selection of apartments that were reported to have sold in central Tokyo during the month of November 2019:
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Hiramatsu to open Kyoto hotel in 2020
Hiramatsu, a fine-dining and wedding function company, will be opening a boutique luxury hotel in Kyoto in March 2020.
216 total views, 45 views today
Tokyo Bay’s largest retail complex to open in 2020
Sumitomo Realty & Development has released details on their mega retail project for Ariake island in Tokyo Bay.
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Hokkaido gives up on integrated resort bid
On November 29, Hokkaido Governor Naomichi Suzuki announced that the prefecture is backing out of the race for Japan’s first integrated resort (IR). The decision was made due to environmental concerns.
300 total views, 27 views today
Construction starts on 265m Toranomon Hills Station Tower
Groundwork on the OMA-designed Toranomon Hills Station Tower in downtown Tokyo officially started on November 25. The high-rise forms part of Mori Building’s US$3.6 billion redevelopment project centered in Toranomon.
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New flood-prevention measures for high-rises may be introduced
Flooding caused by Typhoon Hagibis in October has pushed two government ministries into action to introduce much-needed flood prevention measures for high-rise buildings.
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Suruga searches for solution to share house scandal
Some sharehouse investment scam victims may soon be let off the hook if the bank at the center of the scandal gets its way. Suruga Bank is allegedly considering a proposal whereby borrowers could have their loans cleared if they return their mortgaged properties to the bank.
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Nagano hot spring ryokan foreclosed a second time
The Rinsenro Kashiwaya Bessou Ryokan is up for foreclosure auction for a second time, this time with a minimum bid is set at 25,168,000 Yen (approx. 230,000 USD). Bidding is open from November 29 to December 6, with the winning bid to be announced on December 11.
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Property tax abatement may be extended
The government is firming up plans to extend the special tax reduction on annual property taxes that applies to new construction. It is hoped that the planned extension would help alleviate the added costs in buying new housing after the consumption tax rate was increased to 10% last month.
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New apartment supply in October hits lowest level on record
The supply of brand-new apartments released for sale across greater Tokyo in October dropped 29.5% from last year to just 2,007 units. This is the lowest level seen for the month of October since the Real Estate Economic Institute began recording data in 1973.
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