Foreign buyers account for 2% of real estate transactions near important military sites
On December 23, the Japanese government announced the results of an investigation into land and real estate purchases in the vicinity of important military defense sites and remote islands, and found 174 land purchases and 197 building purchases by foreigners in 2023.Read more
Hoshino REIT acquires KAI Poroto in Hokkaido
On January 8, Hoshino Resorts REIT acquired the Hoshino Resorts KAI Poroto hotel in Hokkaido for 3.06 billion Yen (approx. US$19.8 million). The 42-room luxury hot spring ryokan opened in March 2020.Read more
Imperial Theatre redevelopment plans announced
Details on the redevelopment of the Imperial Theatre in Tokyo’s Marunouchi district were announced last month. The 59-year old theatre will be replaced with a 155-meter tall, 29-story mixed-use tower. This is a joint venture between Mitsubishi Estate, Toho Co., and the Idemitsu Museum of Arts foundation.Read more
Our 2024 Q4 Japan Real Estate Market Report
Subscribers can download our Q4 report below.Read more
Will new listing disclosure rules be enough to stamp out agent bad practices?
This year, the government is cracking down on the naughty and widespread practice whereby listing brokers will intentionally prevent buyer-side brokers from bringing in buyers. This is called kakoikomi (囲い込み) and is something brokers will experience daily.Read more
Hulic to redevelop former Mizuho Bank building in Omotesando
Real estate giant Hulic is in the process of demolishing the Hulic Aoyama Building above Omotesando Station. The 9-story office building once housed a Mizuho Bank branch on the lower floors.Read more
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