Office Holidays
A gentle reminder that our office will be closed from 2024/12/23 to 2025/01/05 for the Christmas & New Year holidays. May you all have a rejuvenating break and we look forward to welcoming you back in the new year.Read more
Ski resorts that won’t be operating this winter
Each year, a number of ski resorts across Japan cease operations. These closures are often due to shrinking visitor numbers, rising operational and maintenance costs, staff shortages, and poor snowfall due to warmer winters. With skiing falling out of favor among domestic tourists, the number of closures is expected to accelerate in the coming years.
The following ski resorts announced that they will not be operating for the 2024-2025 season:Read more
Gap remains between asking rents and tenant budgets in Tokyo
With inflation-adjusted real wages remaining stagnant in Japan, how have residential rents in major cites been faring? If you only look at advertised rents, year-on-year increases of 30 ~ 45% can be seen in some city centers, particularly for family-type rental apartments. But are tenants willing to pay these prices?
In October, listing portal site LIFULL HOME’S published its latest rental data, which separates rental data into advertised rents and those inquired about by potential tenants. The gap between the two has been growing significantly in some cities.Read more
Shirahama beachfront onsen to go up for sale in January
A town-owned onsen hotel in Wakayama Prefecture’s Shirahama district will go up for sale next month, with an appraised value of just 7.6 million Yen (approx. US$50,000).Read more
Rents have doubled in this Hokkaido city
The real estate market in Chitose City, Hokkaido, is going through a sudden and drastic change with residential rents and land prices doubling and vacancy rates plummeting.Read more
Pullman Hotel announced for former Nakagin Capsule Tower site in Ginza
An interesting update for the site of the former Nakagin Capsule Tower building in Ginza, with the Pullman Tokyo Ginza hotel to be built in its place.Read more
Seto Island Sea chosen as location for Hilton’s second LXR hotel
Hilton is planning to open a luxury 60-room hotel on a waterfront site in Miyajima, Hiroshima, in 2028. Hirogin Holdings, parent company of Hiroshima Bank, and Hilton announced the project on December 4.Read more