Restauranteur planning big expansion into luxury hotel business
Hiramatsu, a famous French and Italian restauranteur, announced bold plans for their newly created hotel brand.
In July, they opened The Hiramatsu Hotels & Resorts Kashikojima in Mie Prefecture. The small-luxury resort has just 8 guest suites and is targeted towards wealthy individuals with a net worth of over 100 million Yen. Room rates, which include meals prepared by renowned chefs, range from 65,000 ~ 80,000 Yen/night (640 ~ 790 USD) per person. The hotel was fully booked for the months of July and August, and reservations for 2017 are already starting to fill up. Currently the restaurant in the resort is only open to hotel guests, although they are considering opening it up to non-guest bookings.Read more
Tokyo Apartment Sales in September 2016
The following is a selection of apartments that were sold in central Tokyo during the month of September 2016:Read more
Kyoto City trying to clear up ownership of its two biggest streets
Some of the land under Kyoto’s two biggest streets, Gojo Dori and Horikawa Dori, is said to still be privately owned by various individuals. According to the city, approximately 166 land titles covering a total area of 10,000 square meters underneath both Gojo and Horikawa streets are still in private names, representing about 1% of the total street size.
Buyers line up for abandoned amusement park in Miyagi
The owner of an abandoned amusement park and ‘haunted spot’ in Miyagi Prefecture is reportedly looking for a buyer.
Kejonuma Leisure Land opened in 1979 and welcomed as many as 200,000 visitors a year during its peak. After the crash of the bubble economy in the early 1990s, many of Japan’s amusement parks suffered from declining visitor numbers. The park closed in 2001 and the buildings have fallen into serious disrepair.Read more
Tokyo apartment asking prices in August 2016
According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo in August 2016 was 35,210,000 Yen, up 0.8% from the previous month and up 13.0% from last year. This is the 8th month in a row to record an increase from the previous month. The average building age was 22.4 years.
In the Tokyo metropolitan area, the average asking price was 48,090,000 Yen, up 0.5% from the previous month and up 10.5% from last year. The average building age was 22.0 years.
In Tokyo’s 23 wards, the average asking price was 52,790,000 Yen, showing no change from the previous month but up 8.5% from last year. The average building age was 21.9 years.
In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average asking price was 72,030,000 Yen, up 0.3% from the previous month and up 5.5% from last year. This is the 3rd month in a row to record an increase from the previous month.
Old Atami hotel sold to Tokyo-based hotelier
Ooedo-Onsen-Monogatari Co., Ltd. acquired Hotel Mizuhatei in Atami City on September 12 for an undisclosed sum. The 11-storey hotel is located alongside the No. 135 National Highway and overlooks Sagami Bay.Read more
APA breaks ground on new residential project in Nishiazabu
Hotel and apartment developer, APA Group, broke ground on a new high-end condominium project in Nishiazabu’s 4 Chome address earlier this month.
The Conoe Nishiazabu will be a 6-storey building containing just 16 spacious residences. The one and two bedroom apartments will range in size from 82 ~ 157 sqm (882 ~ 1,689 sq.ft), with an average size of 120 sqm. The typical size of a 3-Bedroom apartment in Tokyo is around 70 square meters, so these one and two bedroom apartments will have considerably spacious layouts.Read more