Shimane hotel sells for 2,000 Yen (US$18)
The town of Tsuwano in Shimane Prefecture has purchased an abandoned hotel and land for 2,000 Yen (approx. US$18). The 50-year old building will be demolished with the grounds turned into a public park.
Village buys abandoned Kengo Kuma-designed building
The village of Tamakawa in Fukushima has purchased an abandoned building that had been designed by Kengo Kuma.
March apartment sales hit highest level in history
According to REINS, the number of second-hand apartments reported to have sold across greater Tokyo in March reached the highest level for that month since record-keeping began in May 1990. A total of 4,228 apartments were reported to have sold, up 16.1% from last year and up 17.9% from February.
Quick real estate news summary for the week
Office vacancies increase for 13th month, Tokyo Midtown Yaesu to open in 2022, and 98 islands identified for foreigner-transaction reporting requirements. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Six Senses to open in Niseko
A Six Senses resort is coming to Niseko in 2024 ~ 2025 (since pushed back to late 2026). On April 8, the Hokkaido Shimbun newspaper reported that IHG Hotels & Resorts is planning the luxury hotel for the Hirafu district.
More details announced for Shangri-La Kyoto hotel project
Developer Samty Co., Ltd. announced some additional details on Shangri-La Hotel’s plan to open a luxury, low-rise hotel in Kyoto.
Soon you can rent Kisho Kurokawa’s capsule holiday home
Back in 1973, iconic modernist architect and a founder of the Metabolist Movement, Kisho Kurokawa, built a personal holiday home in the summer resort area of Karuizawa. Now, a crowdfunding venture is underway to raise funds to restore the unique home and make it available for holiday rentals.