Mitsui buys development site in Harumi for 9 billion Yen

Mitsui Fudosan Residential have purchased a 8,800 sqm block of land in Harumi 2 Chome from the Tokyo Metropolitan Government for 9 billion Yen (109 million USD). The price works out to approximately 1,023,000 Yen/sqm.

Mitsui recently purchased a 10,200 sqm site on the eastern side of this block from Taiheiyo Cement for 8 billion Yen. Although they have not yet decided on development plans, there is a chance that they will combine the two blocks and built a large-scale residential tower.Read more


Residents told they are 'on their own' in a major earthquake

Residents of The Tokyo Towers - a 58-storey condominium complex in Chuo-ku's Kachidoki bayside area - attended an information session on disaster preparedness held by the building's management committee in October. Following the Tohoku earthquake, the committee have been looking at revising their disaster manual.

Mr. Motose, who is in charge of disaster management in the committee, informed residents that they may be without electricity and elevators in the event of a major earthquake, and should prepared to have enough supplies to last a month.

Residents were also told of possible ways the building could be affected in an earthquake. Read more


Sales in Park Court Chiyoda Fujimi The Tower start today

Mitsui Fudosan Residential begin sales of apartments in Park Court Chiyoda Fujimi The Tower today. The 40-storey building will be completed by the end of March, 2014, and apartments will be ready to move into by the following July.Read more


Able to offer improved rental apartment service for foreign students

Japanese rental agency, Able, have introduced a new service for foreign students that will assist them in finding an apartment to move into as soon as they arrive in the country.

Up until now, foreign students have had to stay in temporary accommodation, such as student dormitories, until they receive their alien registration card. It was only when they had received the card that they could rent an apartment privately. This resulted in the student waiting several weeks before moving into more permanent accommodation.Read more


47-yr old ryokan converted to sharehouse in Tokyo

Real estate company R Bank have converted an old Japanese inn (ryokan) into a character-filled female-only sharehouse in Tokyo's Katsushika ward. Called 'Tokyo Kita Wave', the property was renovated from a 47 year old post-war inn, and is their 30th sharehouse.Read more


Changes underway that will no longer require 100% of condo owners to agree on demolition

The Ministry of Justice announced plans on November 5 that would affect the the number of condo owners that need to agree before a building can be demolished, or its land sold.

Currently, if a condominium is severely damaged in a disaster and needs to be demolished, 100% of apartment owners must agree to the plan. If one person was against demolition, they could not proceed. However, for restoration or emergency repair work, the ratio of agreement required is 3:4, and for tearing down and rebuilding, the ratio is 4:5.Read more


Former residence of Mitsubishi zaibatsu leader donated to Chiba

The former residence of Mitsubishi's third leader, Hisaya Iwasaki, in Tomisato City, Chiba, has been donated by Mitsubishi Jisho to the city. The city has plans to turn the villa and its surrounding land into a public park.Read more