Himeji's monorail building to be demolished
The 10-storey Takaocho Apaato building in Himeji will soon be demolished. The building is jointly owned by the Urban Renaissance Agency (UR) and Himeji City.
It's unusual design was considered ground-breaking for its time. While it was under construction, the city purchased the first four floors in order to build a monorail platform for the Daisyogun Station on the 4th floor. The 3rd and 4th floors were opened up to allow the Himeji Municipal Monorail to pass through the building. As it turns out, the station wasn't used by many passengers as it was only 500 meters from the station at Himeji. It was subsequently closed in 1968. Read more
Musashikosugi apartment boom (and bubble?)
Concerns are growing about a possible over-heating in the property market around Musashikosugi Station in Kawasaki City as the area experiences a construction boom.
According to the latest 'koji-chika' assessed land values as of January 1, 2013, commercial land values in Kosugimachi increased 9.9% over the year while residential land values in the same area increased by 9.1%, making it the best performing area in Kanagawa Prefecture.Read more
Sales in The Parkhouse Hiroo Hanezawa off to a great start
The first round of sales in The Parkhouse Hiroo Hanezawa began at the end of May. All of the 27 apartments made available for purchase in the first round were sold. They ranged in size from 43 to 152 sqm (462 ~ 1635 sqft) and were priced from 46 ~ 275 million Yen. 17 of the apartments were priced over 100 million Yen.
The sales office received 33 purchase applications for the 27 apartments. The most popular apartments were 2-bedroom types priced around 85 million Yen and 3-bedroom types priced around 128 million Yen. Read more