Posts Tagged “Reclaimed land”

Tokyo’s 40-year island dispute edging closer to resolution

Tokyo’s 40-year island dispute edging closer to resolution

In the middle of Tokyo Bay sits a 500 hectare manmade island that has been at the center of an ownership dispute between Tokyo’s Ota and Koto wards since its creation in the 1970s. On July 18, the Tokyo metropolitan government started mediation between the two wards. On September 29th, Tokyo presented a proposal that…

Contractor cites Edo-period land claim in lake landfill dispute

Contractor cites Edo-period land claim in lake landfill dispute

A construction contractor in Matsue City, Shimane Prefecture, is citing a 200-year old claim to surface rights of Lake Shinji after the government has accused him of illegal legal reclamation. Since 1997, the national government has issued 35 infringement notices to the contractor, ordering him to cease his land reclamation work and return the site…

Kobe Airport land not selling

Kobe Airport land not selling

Blocks of commercial land on the man-made Kobe Airport Island are not selling as well as expected. In 2011, not a single parcel of land was sold. Construction of the island was financed through the issuance of municipal bonds, and the city planned to repay the bonds by selling off blocks of land to various…

Fukuoka’s Island City land not selling

Fukuoka’s Island City land not selling

In a similar fashion to Yokohama’s Minato Mirai district, Fukuoka City’s manmade island is also running at a huge loss. According to the city, the deficit at the time of the project completion was 18 billion Yen (23.4 million USD). In 2009, the city had forecast land sales to result in a 12.5 billion Yen…

100 billion Yen redevelopment project for Toyosu area

100 billion Yen redevelopment project for Toyosu area

Mitsui Fudosan will be embarking on a large-scale redevelopment of Koto-ku’s Toyosu area from next year. The 100 billion Yen (1.3 billion USD) project on one of Tokyo Bay’s reclaimed islands will cover a 47,400 sqm site. The project will include two high-rise office buildings (31 and 22 stories) as well as retail facilities. Due…

Remains of Kanagawa Daiba fort unearthed at apartment construction site

Remains of Kanagawa Daiba fort unearthed at apartment construction site

This article also appears on realestate.co.jp. Remains of the Kanagawa Daiba (battery or fort) were found at an apartment construction site in Kanagawa Ward, Yokohama. The fort was constructed during the time Yokohama opened its port in the mid 1800s. The fort and surrounding bay is now reclaimed land. On July 26th a 17m long…

The 2011 Japan earthquake and what it means for the real estate market

The 2011 Japan earthquake and what it means for the real estate market

One month has passed since the March 11 Tohoku earthquake and tsunami. With strong aftershocks continuing and a nuclear disaster that was just upgraded to the maximum level, uncertainty remains over what will happen to the Japanese economy in the short and medium term.

Go Top