Kyoto to demolish 1 billion Yen EXPO 92 relic
The Danish Pavilion built for EXPO 92 in Seville and relocated to Japan in 1993 may be demolished early this year.Read more
Tokyo's net inflow of residents increases for 22nd year in a row
The net inflow of population in the greater Tokyo (Tokyo, Saitama, Chiba and Kanagawa) area has increased for the 22nd year in a row. According to the Ministry of Internal Affairs and Communications, the area saw 419,283 new residents in 2017, with a net inflow of 119,779. Tokyo’s 23 wards saw a total of 361,906 new residents and a net inflow of 61,158.Read more
Sheraton to open in Kagoshima City in 2022
Nangoku Corporation, a general trading company located in Kagoshima City, announced that they have signed an agreement with Marriott International for a Sheraton-branded hotel to be built as part of a large redevelopment of a city block. This will be the 2nd Sheraton to open in Kagoshima Prefecture and the 10th in Japan.Read more
Kyoto introduces new regulation for owners looking to demolish traditional machiya
Kyoto City officials have voted in favor of a rule that will require owners of Kyoto’s traditional machiya townhouses to provide advance notice to the city prior to demolition. However, options to help reduce the burden of maintaining a historic home remain extremely limited. Without the support and participation from the local community this new rule may have only a minor effect.Read more
Imperial Hotel up for potential redevelopment?
A nearby acquisition by Mitsui Fudosan has some industry experts suggesting that the 1100-room Imperial Hotel near Hibiya Park in downtown Tokyo may be slated for future redevelopment.
The hotel includes the main building that was built in 1970 along with a 31-storey office/hotel building at the rear that was completed in 1983. By the time of the 2020 Summer Olympics, the main building will be 50 years old. With a booming tourism industry, many of Japan’s top hoteliers are expanding, refurbishing or redeveloping their older hotels.Read more
Tokyo apartment sales in January 2018
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2018:Read more
Omotesando's Seihou Building to be redeveloped
A 51-year old retail and public housing building alongside Aoyama Dori Avenue in Omotesando will soon be rebuilt. The 10-storey Seihou Building was built in 1967 and has a total floor area of 6,075 sqm (65,000 sq ft). It is jointly owned by a subsidiary of Mizuho Bank and the Urban Renaissance Agency.
The new building will have a total floor area or 16,000 sqm (172,000 sq ft), more than 2.5 times the size of the older building.Read more