Recent changes to property registration law and the impact on foreign buyers
Starting April 1, some major rule changes were made to the Real Property Registration Act that affect how foreign individuals and corporations register their details when acquiring real estate. One of those rule changes suggested that offshore owners would require a local contact to be recorded on the property title - but reading into the fine print provides a different, and less worrying procedure.Read more
Developer aims to fill gap in group-stay and long-term hotel market
Just 4% of the hotels in Japan’s major cities have rooms that can accommodate three or more guests. Meanwhile, approximately half of the foreign travelers visiting Japan are coming in groups of three or more. Only a small number of hotel developers have picked up on this mismatch.Read more
Modernist hall in Okayama to be demolished
The modernist Okayama Civic Hall in Okayama City closed its doors at the end of last month as the city prepares for its demolition due to concerns over earthquake resistance.Read more
Hiramatsu hotel portfolio sold to fund
On March 27, LoadStar Capital announced the formation of a special purpose company to acquire six luxury hotels from restaurant operator Hiramatsu and real estate developer NTT Urban Development Corporation.Read more
Market overview of a Shinjuku multi-family building for sale
Let’s do a bit of a dive into a multi-family property listed for sale in central Tokyo recently.Read more
Off-market properties sourced in Q1
It has taken many, many meetings, but we have managed to source over ¥80 billion (US$530 million) in off-market listings to present to clients over this past quarter. Over 80% of those properties are in Tokyo’s 23 wards. Read more
Japan's land values reach highest level since 1991
Annual land values were announced on Tuesday and the return-to-work trend, recovery in inbound tourism, and a dispersal of attention away from Niseko and towards other cheaper ski resort destinations is apparent.Read more