Moxy Hotel to open near Nijo Castle
Marriott International is planning a Moxy Hotel for the Nijo Castle area in Kyoto City. Construction began in July, with the opening scheduled for 2021. This will be the third Moxy hotel in Japan and the first in Kyoto.
Tokyo Govt. may get a percentage of Harumi Flag sales
The developers of the 2020 Olympic Village / Harumi Flag project on Tokyo Bay have agreed to pay a portion of sales revenue to the Tokyo Metropolitan Government.
Beachfront villas on Amami Island open this month
A new boutique-style beachfront resort on Amami Island officially opened on July 10. DenPaku The Beachfront MIJORA is a collection of 13 contemporary oceanfront villas. They were designed by Yasuhiro Yamashita of Atelier TEKUTO.
Harumi Flag goes on sale today
Sales in the Harumi Flag Athlete’s Village start today, with applications closing on August 4. The first round of sales will see over 600 apartments on offer.
New apartment supply in Tokyo drops to lowest level since 1992
The supply of new condo-type apartments across greater Tokyo in the first half of 2019 has reached the lowest level seen since 1992. As land prices and construction costs continue to remain at high levels, developers have been putting the brakes on residential supply as buyers shift their attention away from expensive new construction. Last-minute demand prior to the increase in consumption tax from October did not materialize as anticipated.
New apartment prices, meanwhile, have reached the highest level since 1991.
Resort plans shelved after 50 years
After half a century of sitting idle, city plans for a 174-hectare resort in Himeji will officially be shelved at the end of this month. The sprawling waterfront resort was going to have a marina, aquarium, hotel, shopping mall, 500 homes, and 3,600 apartments.