Japan’s regional land prices increase for first time in 28-years
Nationwide land prices rose for the fifth year in a row this year, but hard-hitting effects of the novel coronavirus could put a swift end to Japan’s real estate recovery.
According to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), the nationwide ‘chika-koji’ assessed land price saw a 1.4% increase in 2020. This was a 0.2 point improvement from 2019’s 1.2% increase.
Sales start in Atlas Tsukiji
Sales in a new condo in Tokyo’s Tsukiji district started on March 7. Atlas Tsukiji is an 11-story apartment building located just behind the Tsukiji Hongwanji temple and a 3-minute walk from Tsukiji Station.
Why an Olympic delay could spell disaster for Athletes Village buyers
The discussion of delaying or even canceling the 2020 Tokyo Olympics has become a hot topic in recent weeks and has led to some questions about what will happen to the buyers of the 4,145 apartments in Harumi Flag - the condos that will be refurbished from the Athletes Village.
Office vacancy rate reaches new low in February
Tokyo’s prime office vacancy rate hit a new record low in February, dropping 0.04 points from the previous month to 1.49%. This is the lowest vacancy rate seen since December 1990 when it was as low as 0.39%.
Shizuoka hotels hit with almost 500,000 cancellations due to tourist drop
The impacts of the coronavirus are being painfully felt by hotel and ryokan operators in Shizuoka’s popular hot spring locations. Hotels and onsens that have relied heavily on tour groups from China are now facing either temporary or permanent closure.
An option for those who need to sell their apartment quickly
This article is intended only for sellers who are looking to dispose of their property very quickly.
Selling real estate on the open market in Tokyo can typically take several months if the property is priced correctly. But, if you have bought into the wrong building or are trying to sell at the wrong time, it can take much longer - years even.
Real estate is illiquid and cannot be quickly traded like stocks. What if you need to sell in a hurry?
Japan’s first wood-frame high-rise condo to be built in Tokyo
Nomura Real Estate Development is in the process of building a wood-frame hybrid condominium in Tokyo’s Ochanomizu district.