Quick real estate news summary for the week

Homebuilder to provide antiviral coating in new homes, Takanawa condo goes on sale, and Sapporo to have highest tower in Hokkaido in 2023. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.

Homebuilder to provide antiviral coating in new homes

Japan’s largest homebuilder, Daiwa House Industry, is now providing a special antiviral spray for new homes. The spray-on coating applied to walls and floors uses photocatalysis technology that is said to attract and deactivate viruses. It is also thought to be effective against mold and smells.

Premist Tower Shirokane Takanawa goes on sale

Off-the-plan sales in the 35-story Premist Tower Shirokane Takanawa apartment building have started. The 280-unit high-rise tower is a 1-minute walk from Shirokane-Takanawa Station. Apartments range in size from 33.06 ~ 117.15 sqm (356 ~ 1,261 sq.ft) and are priced from 57.8 ~ 266.5 million Yen (approx. US$553,000 ~ $2,550,000). Completion is scheduled for late 2022 with apartments to be delivered by buyers from late January 2023.

Sapporo to have highest apartment tower in Hokkaido

A 175-meter, 48-story apartment tower is planned for a block redevelopment just north of Sapporo Station in Hokkaido. When complete in 2023 it will be the tallest apartment building in Hokkaido based on floor count. Development discussions began three decades ago but were delayed by concerns over the impact of sunlight on the neighboring elementary school. The block development will also include a 14-story hotel, 4-story office building, and a multi-story car park. The total project cost is estimated at 50 billion Yen (approx. US$479 million). The city and national government are contributing 9.4 billion Yen in subsidies.

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