Kobe's Jonas Residence to be torn down after sale falls through
October 14, 2013Historic properties in Japan,Kobe,Shioya,Jonas ResidenceDemolition,Historic Properties,Real Estate News,All
The final bid to save the former Jonas Residence in Shioya, Kobe, from demolition has failed after the possible buyer backed out of discussions.
In late September a renewable energy-related company began negotiations with the seller - developer Anabuki Kosan - to purchase the historic house and land. Unfortunately the two parties could not come to an agreement on the sale price and the buyer walked away from the deal on October 10.Read more
Hotels worried about new earthquake-retrofitting obligations
October 12, 2013Earthquake-retrofitting in JapanReal Estate News,All,Hotel News
From November, large-scale buildings such as hotels built before 1981 will be obligated to ensure that their buildings meet current earthquake-resistant codes.
Building inspections must be carried out before the end of 2015, after which the results will be made public. This has left some hotels worried that guests will avoid places that receive a low score. However, the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) says that this information is necessary for hotel guests.Read more
Residential yields and vacancy rates in Minato-ku - October 2013
October 11, 2013Rental yield in Tokyo,Investment properties in TokyoReal Estate News,Rental Market,Market Information,All,Tokyo
According to real estate listing site Homes, the average yield on an apartment in Minato-ku in October was 5.8%, down 0.2 points from last month. The average yield across Tokyo was 7.7%, down 0.2 points from September.Read more
Osaka may lift ban on rental apartments along Midosuji Avenue
October 10, 2013Osaka,Midosuji AvenueReal Estate News,All,Osaka
From the next fiscal year onwards, Osaka City will allow the construction of rental apartment buildings alongside Midosuji Avenue.
Currently, only commercial and retail buildings are allowed along the tree-lined street.Read more
Investment properties across Japan see jump in prices
October 9, 2013Japan investment properties,Rental Yields in JapanReal Estate News,Market Information,All
According to First Logic, the average price of investment properties listed on their Rakumachi site in September have seen a jump in prices while corresponding yields have fallen.
Both 'apaato' buildings and individual apartments nationwide have seen their advertised prices increase by 10% ~ 16% from last month. Meanwhile 'mansion'-type buildings have seen prices fall 2.36% from August, although they are still higher than last year. Read more
Old Andersen bakery in Hiroshima to be demolished
October 8, 2013Historic properties in Japan,HiroshimaDemolition,Historic Properties,New Construction,Office/Retail News & Information,Real Estate News,Redevelopment & Reconstruction,All
The 88-year old Andersen bakery in Hiroshima is going to be demolished and rebuilt by Andersen Group as repairs and upgrades to the existing building prove too costly.
The renaissance style building was designed by architect Uheji Nagano and completed in 1925. It was originally the Hiroshima branch of the Teikoku Bank (which later merged to become part of the Sumitomo Mitsui Banking Corporation). Mr. Nagano designed a number of buildings for the Bank of Japan, including their head office which still stands in Nihonbashi, Tokyo.Read more
New 44-storey apartment building for Akasaka
October 7, 2013Akasaka,Tokyo Midtown,Akasaka 9 Chome North District RedevelopmentNew Construction,Real Estate News,All,Tokyo
![Akasaka 9 Chome North District Redevelopment 2](https://japanpropertycentral.com/wp-content/uploads/2013/10/Akasaka-9-Chome-North-District-Redevelopment-2.jpg)
The Akasaka 9 Chome North District Redevelopment is scheduled to begin construction in October 2014 with completion in March 2017. The project will include a 44-storey 170m tall residential building with 330 apartments.
The developer is Mitsui Fudosan Residential, so if this becomes a condominium (rather than a rental-only building) then it could possibly be branded as one of their 'Park Court' series of apartments. Read more