Akihabara high-rise project moving ahead despite opposition
A 170-meter tall mixed-use redevelopment may soon be going ahead for a multi-block site in Akihabara. To move forward with project planning, the required two-thirds approval was obtained from landowners last month.Read more
Properties we have sourced last month
This is a brief summary of some of the off-market properties we have sourced for clients over the past month. Supply remains thin, but we did unearth some good options.Read more
Historic Hilltop Hotel to close next year
On October 23, the operator of the historic Hilltop Hotel in Tokyo’s Chiyoda ward announced it will temporarily close from February 2024. The closure is to allow them to consider possible measures to deal wth the building’s age and deterioration.Read more
170m tall tower for north side of Iidabashi Station
Details of a 170-meter tall mixed-use project near Iidabashi Station have been announced. Construction of the Koraku 2 Chome South District Redevelopment is scheduled to start in 2026, with completion by 2030 ~ 2031.Read more
Tokyo rents up 12.1% Y-O-Y
As of September, the average monthly rent of a condo-type apartment in Tokyo’s 23 wards was 4,260 Yen/sqm, up 12.1% from last year, according to Tokyo Kantei. Recent rental growth has been steepest in buildings less than five years old, although there has been a rising trend amongst all building ages. This trend has only been evident in Tokyo, with newer buildings in Osaka and Nagoya seeing a decline or no change in rent.Read more
Hyatt House opening Shibuya property next February
The Hyatt House brand of extended-stay hotels is coming to Tokyo next February with the opening of the Hyatt House Shibuya Tokyo. This is the second Hyatt House in Japan - the first opened in Kanazawa in 2020.Read more
Hotels in high demand as developers see opportunity in rapidly recovering tourist market
Japan's hotel industry is only going to heat up as major domestic developers ramp up their portfolios amidst a rapidly recovering tourist market.Read more