All 874 apartments in Osaka high-rise sold out prior to completion
All 874 apartments in the Osaka Hibiki-no-machi The Sanctus Tower have sold out two years prior to completion.
The 53-storey residential tower is being developed by Orix, Daikyo, Keihan Dentetsu Realestate, Daiwa House and Osaka Gas Urban Development.Read more
Pembroke to redevelop site opposite Tokyo Midtown
Pembroke Real Estate will soon be embarking on their first redevelopment project in Japan - a 14-storey retail/commercial building in Roppongi 7 Chome. The site is in a prime position alongside Gaien-Higashi Dori Avenue and directly across from Tokyo Midtown.
The 4,000 sqm development site was originally several smaller parcels of land. Pembroke began purchasing the various buildings from around 2007 onwards. The site temporarily housed the 'Mercedes Benz Connection' concept showroom and is located next door to a building housing the headquarters of the Inakawa-gai yakuza group.
Mgmt association seeks to ban owner from using apartment as sharehouse
The management association of an apartment building in Azabu Juban have filed a request with the Tokyo District Court to ban a real estate company from operating an 8-room share house out of one of the apartments.
The association believes that the share house configuration violates the condominium ownership law and building standards act.Read more
TEPCO sells Ginza building for 23.4 billion Yen
The Tokyo Electric Power Company (TEPCO) have sold a building and land in Ginza 3 Chome to the Yomiuri Shimbun newspaper company for 23.455 billion Yen (240 million USD).Read more
1420-unit apartment building for Kachidoki
Construction of a 53-storey high-rise condominium in Kachidoki will officially begin on September 1st. The residential tower will contain 1,420 apartments, making it the second largest apartment building in Japan (based on the total number of apartments in one building).
The Kachidoki 5 Chome Redevelopment project (which has since been named 'Kachidoki The Tower' includes a 179 meter tall Y-shaped residential tower, along with two low-rise buildings. The lower floors will contain local government facilities and retail space. The building is scheduled to be completed in early 2016. The total project cost is 66.4 billion Yen (approximately 680 million USD).Read more