Former Tokyo Govenor's Residence in Shoto for sale
Tokyo City are looking to sell the currently unoccupied former governor's residence in Shibuya and will be accepting offers over 3.3 billion Yen (33.8 million USD) from October 29.
This is the second time that the city has tried to sell the 2,200 sqm site. It was first listed in 2008 with a minimum price of 4.8 billion Yen but no offers were made. Prior to the global financial crisis and Lehman Shock, real estate experts had suggested the property had a market value of around 6 billion Yen.
The city is hopeful that the property will be purchased by a foreign government to use as an embassy. They have already received interest from several countries. Read more
Kyoto Kokusai Hotel to be sold
Fujita Kanko Inc announced that they will close the Kyoto Kokusai Hotel at the end of 2014 and sell the building and land. The hotel, which opened in 1961, overlooks the Nijo Castle in the centre of Kyoto. Read more
Wellith Daikanyama Sarugakucho almost sold out
One recently completed condominium in Daikanyama is close to selling out with only six apartments remaining for sale.
By October 20, 38 of the 40 apartments offered for sale in the high-end building have received purchase applications. The majority of buyers were in their late 40s and 50s. Approximately 20% of buyers were from outside the Kanto area, but there were no reports of buyers from overseas. Read more