Village Vanguard launches real estate site
May 20, 2013Real Estate News,Rental Market
Kitsch store and burger joint Village Vanguard has launched a real estate portal to feature the quirky and offbeat apartments that you might not normally see in the window of a typical agency.
Visitors to the site (http://vv-realestate.com) can search for rental apartments, homes, shops, carparks or offices and can narrow down their search with special keywords including:
- Retro / vintage style
- Industrial style
- Slow, organic west coast lifestyle
- Japanese tea room style
- Street art style
- A room inspired by Oasis' first album (see below) Read more
Former Yakuza arrested for squatting
May 17, 2013YakuzaRental Market
A former Yakuza leader was arrested by police after allegedly squatting in an apartment in Tokyo's Itabashi-ku for 14 months. In early 2012, the 36-year old suspect had asked a real estate agency to view the apartment, which was advertised for rent, and was given a key to inspect it himself. He never returned the key, nor signed a rental contract.
Gas and electricity were connected by the suspect, and he had even installed a security camera.Read more
Foreign buyers pushing up land prices in Japan?
May 15, 2013Foreign buyers of real estate in JapanReal Estate News
Foreign buyers are reportedly joining the apartment buying frenzy in Japan. The recent weakening of the Yen by up to 20% means an offshore buyer can now save as much as 20 million Yen when buying a 100 million Yen apartment (assuming they were initially planning to buy last year but put it off until now).Read more
Apartment prices skyrocket in Sendai
May 14, 2013Sendai,Tohoku earthquakeReal Estate News,Market Information
According to the latest data released by Tokyo Kantei, the average list price of a second-hand apartment in Sendai City in the first quarter of 2013 is 35.5% higher than in early 2011.
Prior to the Tohoku disaster, average apartment prices had dropped to 565,000 Yen per Tsubo* (171,200 Yen/sqm). Following the disaster, prices have since risen to 766,000 Yen per Tsubo (232,100 Yen/sqm).Read more
Office vacancy rates in April - Miki Shoji
May 13, 2013Japan Office Vacancy RatesReal Estate News,Market Information,Commercial Real Estate
According to Miki Shoji's Office Report for April, 2013, vacancy rates improved but rents continued to fall. The office vacancy rate in Tokyo's central business districts (Chiyoda, Chuo, Minato, Shinjuku and Shibuya) dropped by 0.02 points to 8.54%. This is the second month of decline. The vacancy rate in brand new buildings was 17.31%, down 5.93 points from last month. Read more
The last Dojunkai to be demolished in June
May 10, 2013dojunkai,Uenoshita ApartmentsDemolition,Historic Properties,New Construction,Real Estate News
While the 84-year old Uenoshita Apartments in Tokyo's Taito-ku may have miraculously survived the Great Tokyo Air Raid in 1945, it is not immune from re-development as the wrecking ball is set to swing on the apartment building next month.Read more
Saitama's "Johnson Town" resembles US suburb
May 8, 2013Johnson Town,Saitama,Iruma City,Johnson Air BaseOther News
While Hokkaido has its own version of a Swedish village, Saitama has 'Johnson Town' a small neighbourhood of American-style homes built to house the US forces during the Korean War in the early 1950s.
Although much of Johnson Town's atmosphere can be attributed to it's re-development in the 1950s, the history of this enclave dates back even further.Read more