Two buildings to be redeveloped in Akasaka

Sekisui House has emerged as the buyer of an approximate 70% share in two properties in Akasaka. The seller was JDC Corporation.Read more

Kyoto's kominka matching program connects buyers with 200+ year old homes

Since its formation in April of last year, Kyoto Prefecture’s kominka matching program has already found new residents for nine historic properties. One of those is a 250-year old estate that once belonged to the village headman.Read more

Daikanyama housing village sold

Nomura Real Estate Development has acquired the Bess Square housing display site in Daikanyama for an undisclosed price.Read more

Caption by Hyatt to open in Nihonbashi

Nihonbashi’s ‘Wall Street’ will see a new hotel in the coming years, with the Caption by Hyatt Kabutocho Tokyo set to open in 2025. The 195-room hotel is being developed by Heiwa Real Estate, a major landlord in the Nihonbashi-Kabutocho neighborhood.Read more

Rosenka land values increase for 2nd year in a row

Land values continue their ascent as the country emerges from the pandemic. The nationwide ‘rosenka’ land tax values, announced by the National Tax Agency on July 3, saw an average increase of 1.5% from last year. This is the second year in a row to see an increase, and a higher rate of increase from the 0.5% growth seen last year.Read more

Temple wins appeal over tax bill

A temple in Osaka has won an appeal trial over the taxation of land within the temple grounds, resulting in the cancellation of a 4.8 million Yen tax bill. Under the Religious Corporations Act, temple and shrine land is normally not taxed unless it is for commercial use.Read more

Tokyo Commodity Exchange to be demolished

Demolition of former Tokyo Commodity Exchange Building in Nihonbashi-Horidomecho starts this month. The building is just 24 years old.Read more

High-rise apartments may soon lose their inheritance tax appeal

Apartments, particularly those in high-rises, have been a very appealing means of reducing inheritance taxes due to the way real estate is valued for estate purposes. That may soon change with the National Tax Agency (NTA) firming up plans to value apartments closer to their market price.Read more