Abandoned hotel in Shimoda to be demolished
Shimoda City will be taking emergency proxy measures to partially demolish an abandoned hotel located alongside its coastline. The 50+ year old hotel has been abandoned for decades and has largely collapsed.Read more
Build-to-rent developers going bathless in Japan?
There has been a long-held belief that apartments with full bath tubs are a lot easier to lease out than ones with just showers, no matter how small the apartment. Few build-to-rent developers have been willing to take the risk to go bathless in their projects. But, with a younger generation of tenants, and new pressures in the rental market, some are taking the plunge with shower-only offerings.Read more
Multi-family value add project in Tokyo leads to 35% increase in rent
Developer Tokyu Land Corporation has completed a value-add project for a multi-family asset in Tokyo’s Edogawa ward that has boosted the rent on new leases by an average of 35%.Read more
Does Fukuoka's luxury build-to-rent market have a limit?
Fukuoka’s city center is seeing an influx of high-end rental listings as landlords target increasingly affluent tenants. While the city’s growth is creating pockets of demand for luxury rentals, tenant uptake has been uneven, raising questions about the potential depth of the luxury build-to-rent market.Read more
Sagamihara City aiming to become the next data center hub
With electrical supply struggling to keep up with growing demand, Chiba’s Inzai City, also known as ‘Data Center Ginza’, may be overtaken by other cities keen to pick up on the data center boom.Read more
Landlord develops foreign student-only rental apartment building
Foreign students in Japan can often have a hard time finding rental housing due to discrimination and a leasing system that favors local and established residents. With the foreign student population increasing, and the inventory of foreign student-friendly housing remaining low, one landlord has stepped in to build and operate exclusively foreigner-only rental apartments.Read more
Hakuba residents prefer curbs on land use to avoid becoming the second Niseko
A recent survey of 2,000 residents carried out by Hakuba Village found that approximately 60% of them believe there should be stronger restrictions in place when it comes to land use and development. This ratio has doubled over the past decade.
With foreign investors and developers increasingly turning their attention to the ski town causing land values to grow exponentially, resident opinions are starting to shift.Read more