Nagano's ski resort divide
While Nagano’s urban areas are seeing a slowing in the rate of decline in land prices, one district in the prefecture is seeing no end to eroding land values.
The Hirao district in Yamanouchi Town, known for being home to the Jigokudani Monkey Park and several ski areas, is also home to the steepest drop in both commercial and residential land values in the prefecture. According to the Standard Land Prices issued by the Ministry of Land, Infrastructure, Transport and Tourism, the rate of decline at several survey locations in Hirao worsened in 2018. Land values dropped by between 2 ~ 4% in 2018. In some locations land prices have declined year-on-year since the late 1990s. Read more
Locals oppose Tsukishima high-rise apartment plan
Plans for a 190m tall, 50-storey, 750-unit apartment tower on the manmade island of Tsukishima in Tokyo Bay have local residents up in arms.Read more
Chiba’s Namegawa Island to be redeveloped into hotel
There are plans to redevelop the former Namegawa Island zoo and garden in Chiba Prefecture into a 228-room resort hotel. Construction on the tentatively-named Katsuura Seaside Park Resort is scheduled to start in 2020 with completion by 2024.Read more
Standard land prices across Japan increase for first time since 1991
Yesterday the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) announced the Standard Land Prices for 2018. The average standard land price across Japan increased by 0.1% - the first increase since 1991. This follows a 0.3% drop recorded in 2017.Read more
New apartment supply in August hits 25 year low
According to the Real Estate Economic Institute, the supply of brand new apartments across greater Tokyo in August reached the lowest level seen for the month since 1993. A total of 1,502 new apartments were released for sale, down 49.7% from the previous month and down 28.5% from last year.Read more