The government has firmed up details on a proposal to expand the usage options of abandoned land across the country. The goal is to make the land available for disaster preparation facilities, and renewable energy plants.
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52-story apartment tower for Nihonbashi
As part of the Nihonbashi 1 Chome East District Redevelopment, a proposal for a 52-story apartment tower and 40-story office tower has been announced.
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Tokyo Apartment Sales in September 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of September 2021:
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Historic home in Kyoto donated to university
The former home of noted theoretical physicist and Nobel laureate Hideki Yukawa (1907-1981) has been donated to Kyoto University.
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Hamamatsucho Building redevelopment kicks off after a delayed start
The official groundbreaking ceremony for the Shibaura 1 Chome Project was held on September 28. This project will see the former Hamamatsucho Building replaced with two 235-meter tall towers.
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Before buying land: take note of this notice
Ever noticed a sign like this placed on a vacant block of land? It’s there for a reason, and something a buyer would want to be extremely aware of.
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13-year home loan tax deduction deadline is November 30
With the deadline to apply for the 13-year home loan income tax deduction coming this November, should buyers rush in to purchase or wait to see if it is extended? This scheme allows homebuyers to deduct a percentage of their home loan balance from their income taxes each year for 10 ~ 13 years (the 3-year extension is the one with the looming deadline).
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Japan’s high-rise apartment market from 2021 to 2025 onwards
If you were anticipating a post-Olympic slow down in the construction industry you may be in for a surprise. The latest report from the Real Estate Economic Institute shows a total of 280 high-rise apartment buildings either under construction or planned across Japan from 2021 onwards. This is an increase of 77 buildings from the previous report in March 2020.
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Jimbocho’s largest bookstore to be redeveloped
One of the largest and perhaps most well-known bookshops in Jimbocho Book Town will close its doors next March as the building prepares for redevelopment.
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New brand moves into historic hotel in Otaru
Boutique ryokan developer and operator Hoshino Resorts has taken over a bankrupt hotel in Otaru, Hokkaido, with plans to re-open it this winter under their OMO brand.
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