High-rise apartment buildings with hotel-like facilities, such as lounges and guest rooms, are growing increasingly popular in urban centres such as Tokyo and Osaka. However, these buildings are also proving popular with hosts providing illegal overnight accommodation through booking sites similar to AirBnb. The increasing number of foreign tourists coming to stay in these residential buildings is creating unintentional problems with building residents.
Facing complaints from residents, condominium management associations are scrambling to introduce building bylaws to ban short-term rentals.
Since new bylaws were introduced in The Tokyo Towers complex in Kachidoki, Chuo-ku, Tokyo, residents have found it easier to book the on-site guest suites. The two-tower complex has approximately 2,800 households. Residents can book the 11 guest suites at low rates for when family members or friends come to visit.
This content is available to paid subscribers only.
Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However, gathering and preparing this content takes hours and hours each week. By joining our monthly subscription service, you can access over 3,100 articles dating back 14 years. Best of all, you’ll be supporting us in our endeavor to continue to provide investors with on-the-ground, expert information.
To join our paid subscription service and access over 3,100 news articles on Japan's real estate market, please register here.
Already a paid member? Log-in using your details below.