Former yakuza headquarters sells for 100 million Yen
After several hiccups, the former headquarters of a crime syndicate in Kitakyushu has been sold for 100 million Yen (approx. 935,000 USD).
Onsen, retail and event space planned for Shimokitazawa Station area
Odakyu Electric Railway has released their development plan for the newly freed space above the underground section of railway that runs between Yoyogi Uehara and Umegaoka Stations.
Tokyo Apartment Sales in September 2019
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of September 2019:
Ebisu most popular neighborhood for 5th year in a row
Ebisu has topped the ranking of the most desirable neighborhoods in Tokyo for the 5th year in a row. The annual survey is published by Major 7 and based on data collected by Japan’s seven top developers.
Supply of investment-grade apartments drops 30%
According to the Real Estate Economic Institute, a total of 71 brand-new investment-grade apartment buildings containing 3,196 units were released for sale across greater Tokyo in the first half of 2019. This is a 23.7% drop in the number of buildings and 30.9% drop in the number of units from the first half of 2018.
Two art hotels to open in Okayama
To coincide with the triennial Okayama Art Summit 2019 which runs from September 27 to November 2, two new architect-designed boutique hotels have opened up in Okayama City. Both buildings were designed in collaboration between Japanese architects and foreign artists.