New apartment supply up 25% in June
According to the Real Estate Economic Institute a total of 1,939 brand-new apartments were released for sale across greater Tokyo (Tokyo, Saitama, Kanagawa, Chiba) in June, down 24.8% from the previous month but up 25.7% from last year. This is 14% lower than the number supplied in June 2019 and 27% lower than the supply in June 2018.
Gucci holds 100-yr anniversary exhibit in historic Kyoto machiya
To celebrate Gucci’s 100th anniversary, three special exhibitions are being held in Kyoto City. One of those exhibitions is taking place in the historic Kawasaki Residence near Sanjo Street. This large machiya is, or was, on the precipice of demolition just two years ago.
European fund to invest 300 billion Yen in Japanese real estate
German-based Patrizia AG is planning to seriously invest in the Japanese real estate market, aiming to operate 300 billion Yen in assets over the next three to four years.
Palette Town to close this year
Odaiba’s Palette Town shopping mall is closing its doors at the end of December 2021. Live music venue Zepp Tokyo will close on January 1, 2022, and the VenusFort mall will close on March 27, 2022.
Togo Murano-designed building in Kyushu to be restored
The Fukuoka-Hibiki Shinkin Bank in Kitakyushu City has narrowly avoided demolition and will be restored by the Bank owner.
Outdoor lifestyle brand to open hot spring resort
Japanese outdoor lifestyle brand Snow Peak is opening a hot spring resort in their hometown of Sanjo City, Niigata.