REIT sells soon-to-be vacant retail asset in Osaka at 72% above appraisal
A REIT is disposing of a soon-to-be vacant large shopping mall in Osaka's Shinsaibashi district for 43.1 billion Yen (approx. 287 million USD), a significant premium over its appraised value of 25 billion Yen.Read more
Singaporeans top buyers of forestland in 2024
Offshore-domiciled funds and non-resident foreigners acquired 171 hectares of forest land in 2024, according to the Ministry of Agriculture, Forestry and Fisheries. Japan has 14.31 million hectares of privately-owned forest, with 3,044 hectares or 0.02% owned by offshore entities.Read more
Omotesando Grid Tower to open February 2026
A mixed-use residential, hotel, and office tower alongside Aoyama-dori Street in Omotesando is scheduled to open in February 2026. The 160-meter tall, 38-story tower will house luxury rental apartments on the upper floors, Soho House and hotel rooms in the middle levels, and office and retail below. Construction of the project began in mid-2023.Read more
Shinjuku hotel opening caters to underserved apartment-hotel sector
Nippon Steel Kowa Real Estate (NSKRE) has opened its third “&Here” apartment-hotel. The new 65-room property “&Here Shinjuku” opened on September 25 and has already attracted strong demand from foreign tourists. The concept behind the brand is to serve the under-supplied market for group travelers and longer-stay guests by providing larger rooms with in-room kitchen and dining facilities.Read more
Corporate HQ relocations to Tokyo hit decade high
In the first half of 2025, 200 companies relocated their headquarters from regional areas to the greater Tokyo area, according to the Teikoku Databank. This represents a 30% increase from the first half of last year and is the highest figure seen in the past decade. If this pace continues throughout the second half, 2025 could mark the first year since 1990 with more than 400 incoming corporate relocations.Read more
Waldorf Astoria Residences to make Asia Pacific debut in Tokyo
Mitsui Fudosan has revealed that the upper floors of its new skyscraper in Nihonbashi will house the Waldorf Astoria Residence Tokyo Nihonbashi, marking the debut of the Waldorf Astoria-branded residences in Asia Pacific and adding to a new trend of ultra-luxury branded rental apartments in Tokyo. Opening is scheduled for the autumn of 2027.Read more
Toyota to convert recent acquisition into set-up office
Toyota Fudosan, the real estate subsidiary of the car manufacturer, is converting a recently-acquired building in Shibuya into a set-up office. Operations are expected to start in January 2026.Read more