Hilton Garden Inn to open in Nagasaki
On April 24, Daiwa House Industry announced plans to open the Hilton Garden Inn Nagasaki Chinatown in Nagasaki City. This will be the second Hilton-branded hotel in Nagasaki and the first Garden Inn property in Kyushu.Read more
Rental growth in Tokyo reaches 30-year high
Tokyo’s rental growth reached a 30-year high in March, with the Consumer Price Index (CPI) for privately-rented housing showing a 1.1% year-on-year increase. This is the highest percentage increase since October 1994. Nationwide, average rents increased by 0.4%, marking the 20th consecutive month of annual growth.Read more
Nomura and IHI open warehouse with shared logistics facility in Yokohama
Nomura Real Estate Development and IHI Corporation, a heavy-industry manufacturer and engineering company, will open a jointly-developed logistics centre in Yokohama on May 1. The four-story building with a GFA of 160,000 m2 (1.7 million sq.ft) is already fully leased.Read more
Tokyu’s new short-term accommodations target growing market for flexible stays
With demand for long-term serviced apartments on the rise, Tokyu Corporation launched its own brand of monthly furnished rentals on March 27. The apartment-hotels cater to both longer-term tenants looking for monthly leases and tourists looking for nightly stays.Read more
Osaka casino construction to start April 24
Construction of Japan’s first casino is scheduled to begin on April 24. The 49-hectare site is located on Yumeshima island in Osaka, across the street from EXPO 2025.Read more
Construction starts on life sciences building in Toyocho
Mitsui Fudosan has started construction on a life sciences building near Toyocho Station in Tokyo’s Koto ward, with completion expected in the summer of 2026.Read more
Niseko developer faces court-issued bankruptcy order
A developer of a 200+ room luxury condo-hotel in Niseko was issued an order of commencement of bankruptcy proceedings by the Tokyo District Court on April 8. Creditors have until May 13 to file proofs of claims.Read more