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Hokkaido sees 12% more offshore investors between 2019 and 2020

A survey by public broadcaster NHK has found that the there were 4,406 buildings and land parcels in Hokkaido owned by foreign funds and corporations as of January 2020. This is a 12% increase from 2019. Even with the international travel bans, some industry experts say acquisitions have continued throughout 2020 as foreign investors are confident that things will return to normal post-covid.

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Tokyo records net outflow of foreign residents in 2020

According to the Tokyo Metropolitan Government Statistics Division’s report on population movements in the capital in 2020, the metropolitan area saw the total population grow by 8,600 residents (both Japanese and foreigners) over the year. This is the 25th year in a row to see a year-on-year increase. The total population in the metropolitan area reached 13,960,236 residents as of January 1, 2021, while the population of the 23 wards increased by 2,154 to 9,655,266 residents.

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Nakano Sun Plaza to be redeveloped by 2028

Nakano Sun Plaza, a 48-year old hotel and concert building in Tokyo’s Nakano ward, will be demolished in 2024 and replaced with a new mixed-use building by 2028. The 181 billion Yen (approx. 1.7 billion USD) project will include a 235-meter tall mixed-use office and residential tower with a concert hall and hotel on the lower floors.

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