PM companies leaving Hokkaido amid Sapporo office market slump
Several real estate property management companies have begun to close down their offices in Sapporo, Hokkaido, as the local commercial market continues to decline.
At the end of March, Jones Lang Lasalle (JLL) will close their Hokkaido branch. Also, CBRE and the Sumitomo Life Insurance Company will no longer have representatives stationed in Hokkaido. Sumisei Building Management, a subsidiary of Sumitomo Life Insurance, is also closing their office in March as part of cost cutting measures. Sanko Estate currently has one staff member stationed in Hokkaido but all duties will be transferred to Tokyo from spring.Read more
Gunma also targeting foreign buyers of forestry
On February 8, the Gunma prefectural governor held a press conference to announce that they are considering introducing regulations to help preserve the forestry and natural water sources in the area.
This follows on from similar movements by other prefectural governments, including Hokkaido and Saitama, who are starting to monitor the purchase of large tracts of forest by foreign buyers.Read more