280-yr old Inn to be demolished
April 16, 2019Historic properties in Japan,Traditional Japanese Homes,machiya,Save Japan's ArchitectureDemolition,Historic Properties,All,Kyoto
The owner of a 280-year old Inn in Muko City, Kyoto, has made an inevitable but unfortunate decision to demolish the historic property as maintenance becomes too costly.
Central Tokyo apartment sale prices reach 2nd highest level
April 15, 2019Japan real estate,japan real estate market,tokyo real estate,Tokyo real estate marketReal Estate News,Market Information,All,Tokyo
According to REINS, 4,117 second-hand apartments were reported to have sold across greater Tokyo in March, up 18.2% from February and up 7.8% from last year. This is the 3rd month in a row to record a year-on-year increase in transactions. The average sale price was 34,900,000 Yen, up 0.3% from the previous month and up 3.6% from last year. The average price per square meter was 539,600 Yen, up 1.3% from the previous month and up 3.6% from last year.
91-yr old machiya in Nihonbashi converted into event space
April 12, 2019Japan real estate,japan real estate market,tokyo real estate,Historic properties in Japan,Nihonbashi,Tokyo real estate market,machiyaHistoric Properties,Real Estate News,All,Tokyo
A Tokyo-based real estate company has acquired a 91-year old townhouse in Tokyo’s Nihonbashi district with plans to refurbish it into an event space. Reservations will start from April 15.
Redevelopment discussions underway in Tsukuda 2 Chome, Chuo, Tokyo
April 11, 2019Japan real estate,tokyo real estate,Tsukishima,TsukudaReal Estate News,Redevelopment & Reconstruction,All,Hotel News,Tokyo
Landowners in the Tsukuda 2 Chome address in Tokyo’s Chuo ward are considering a large-scale redevelopment. Current considerations are for a mixed-use project including a hotel, retail and apartments.
New potential redevelopment plan announced for Shibuya Station area
April 10, 2019Japan real estate,Shibuya,tokyo real estate,SakuragaokaNew Construction,Office/Retail News & Information,Real Estate News,Redevelopment & Reconstruction,All,Tokyo
On December 18, Tokyu Land announced the formation of a project agreement with the Next Shibuya Sakuragaoka District Town Area Redevelopment Preparation Committee.
Kyoto hotels outperform Osaka in 2018
April 9, 2019KyotoAll,Osaka,Hotel News,Kyoto
In 2018, the Kansai area was struck by an earthquake in June and typhoon Jebi in September. Although the effects of these two events had very little impact on Kyoto’s tourism industry, they did affect Osaka which saw a drop in visitor arrivals from other Asian countries. STR’s Global Hotel Study for 2018 reported a 7.7% drop in the room revenue index for Osaka, while Kyoto saw a milder 0.2% decrease.
Given that these two cities are only 13 minutes apart by bullet train, why did Kyoto perform better than neighboring Osaka?
Proposed law could allow the forced sale of abandoned land
April 8, 2019Land,Real Estate News,All,Laws and Lawsuits
On February 22, the Cabinet approved a bill that will allow land with unidentifiable owners to be forcibly sold off by a court-appointed trustee, thereby helping to free up some of the vast swaths of idle land across the country with missing owners.