40-storey tower for Shinjuku's Kabukicho
A 225-meter tall, 40-storey tower is planned for the site of the former Shinjuku Tokyu Milano movie theatre in Kabukicho. Construction is expected to start in July 2019 with completion tentatively scheduled for 2022.Read more
Tokyo apartment sales in July 2018
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of July 2018:Read more
Nagoya’s most expensive rental apartments to arrive in 2019
A 28-story rental apartment building under construction in Nagoya’s Sakae neighborhood is set to become the most expensive building the city has seen. The most expensive apartments in the 156-unit building are two 253 sqm (2,722 sq.ft) 3-Bedroom units on the 27th floor each with an advertised rent of 1,641,000 Yen per month (approx. 15,000 USD). The two apartments include their own 12-seater dining room with a separate entrance.Read more
Japan Property Price Index for April 2018
On July 25, the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) released the Japan Property Price indexes for April and for the first quarter of 2018. Japan’s Residential Property Price Index in April was up 2.3% from the previous year, while residential land was down 0.6%. Detached homes were up 0.9%, while apartments were up 4.4%.Read more
Most expensive apartment building in the Kansai region to go on sale
A record-setting luxury condominium in Ashiya City, Hyogo, will soon go on sale. Branz Ashiya The Residence is a 15-unit building with apartments priced between 200 ~ 500 million Yen (1.8 ~ 4.5 million USD). With an average price of 1,850,000 Yen/sqm (approx. 1550 USD/sq.ft), this will be the most expensive apartment building to go on sale across the Kansai region this century, wiping out a previous record set in Kyoto in 2015.Read more
Tokyo apartment asking prices in June 2018
According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment across greater Tokyo was 36,230,000 Yen in June, down 0.2% from the previous month but up 1.7% from last year. The average building age was 23.9 years.Read more
City struggling to protect crumbling historic home
A 99-year old historic residence in Hyogo Prefecture is close to collapse, leaving city officials struggling to find a way to protect it against the wishes of its owner.
The Ando Residence was built in 1919 near Okubo Station in Akashi City. The exterior walls of the home are built from stone, while the mansard roof has emerald-green glazed Spanish tiles. It was designed by architect Yutaro Kagoya (1876-1936). Kagoya specialized in repairing old shrines and temples before establishing his own architectural firm that designed homes. Some of his works included the Sarue Dojunkai Apartments (c1927) in Koto Ward, Tokyo (demolished in 1992), the Takushoku University main building (c1932) in Tokyo, and the Higashi Honganji temple in Asakusa (c1939).Read more