Tokyo Apartment Sales in June 2015
The following is a selection of apartments that were sold in central Tokyo during the month of June 2015:Read more
Chiyoda ofice building converted to serviced apartments and office suites
NTT Urban Development have converted a 22-year old office building in Chiyoda-ku into a mixed-use serviced apartment, share office and serviced office space.
‘Hive Tokyo’ (formerly Pacific Square Kudan Minami) is targeted towards both Japanese and foreign clients. The 10-storey building is located across the street from the Yasukuni Shrine and a 6 minute walk from Ichigaya Station. The building is scheduled to open in August 2015.Read more
PanaHome unveils 6-storey house
PanaHome have opened three 6-storey model homes in Tokyo and Yokohama. These are said to be the tallest model homes to be built in Japan.
The display homes are part of their Vieuno PRO series that includes both residential homes with retail and office space. A change to the inheritance tax laws in January 1, 2015, has caused wealthy landowners in Tokyo to seek ways to reduce their future inheritance tax burden. A residence with a portion that is leased out may be eligible for additional inheritance tax deductions.
The Vieno PRO homes allow for floors with high ceilings (up to 3.15m on the 1st floor), which can appeal to retail tenants, such as convenience stores. The homes can be built up to 7-storeys tall.Read more
College to buy Daikanyama land for 7 billion Yen
The Tokyo Metropolitan Government and Meguro Ward are moving ahead with plans to sell a vacant 8,000 sqm site in Daikanyama to the Tokyo College of Music. The sale price has been estimated at approximately 7.77 billion Yen (63 million USD), or around 970,000 Yen/sqm.Read more
New life for old homes in Onomichi
On the hillside leading up to Senko-ji Temple in Onomichi City, Hiroshima, sits an old wooden house built between 1921 ~ 1923. Despite being registered as a national tangible cultural property in 2013, the historic home had been left empty to rot on the hillside for decades.
Luckily, a local non-profit organisation has stepped in to restore the old property and convert it into a guesthouse. Repairs will start this month, with completion expected by February 2016.