Tokyo City buys government lodgings for 10 billion Yen

The Kanto Local Finance Bureau has announced the sale of the former lodgings for the members of the House of Representatives in Minato-ku to Tokyo City.

According to 'rosenka' land valuations, the value of the sale has been estimated at over 10 billion Yen (125 million USD), and the expected proceeds will go towards reconstruction following the Tohoku disaster.Read more