Asia's wealthy head to Niseko

  • Luxury apartment and hotel boom
  • Turning into a world-renowned resort area

Hokkaido's Niseko and Kutchan area is seeing a rush of luxury apartment and hotel developments. Known for its perfect skiing conditions, many Australians had purchased ski chalets and vacation homes in the town. The recent development boom, however, has been spurred on by Asia's wealthy investors and developers.Read more


Chiba's own "Beverly Hills"

One Hundred Hills is an American-style gated residential estate developed by Tokyu Land in Midori-ku, Chiba City. Sales began at the peak of Japan's economic bubble in 1989, but the developer is still selling vacant lots in the subdivision.Read more


Same-day sellout in Brillia Tama New Town

All 252 apartments available in the first round of sales for Brillia Tama New Town have sold out on the same day.

Brillia Tama New Town is the redevelopment of the Suwa 2 Chome Jutaku housing complex and is the biggest project of its kind in Japan. Developed by Tokyo Tatemono, the new complex will have 1249 units, of which 565 will go to owners of the demolished apartments.Read more


Kansai's most expensive neighborhood is not where you think

Shinpoincho, Tennoji-ku

The most expensive neighborhoods in the Kansai area are typically considered to be Ashiya and Kurakuen, both in Hyogo Prefecture.

However, according to the kouji-chika land assessment values, the most expensive residential land in Kansai is in the Shinpoincho area in Osaka's Tennoji-ku.

Shinpoincho has been in the number one spot for the past eleven years, yet remains relatively unknown as it does not have the same name recognition as the Ashiya, Tezukayama or Nara's Gakuenmae neighborhoods.Read more


Office vacancy rates down for second month

According to Miki Shoji, office building vacancy rates in Tokyo's central 5 wards (Chiyoda, Chuo, Minato, Shinjuku, and Shibuya) fell 0.11 points at the end of March to 9.04%. This is the second continuous month where vacancy rates have fallen. However, the lower vacancy rates are not a sign of a market recovery but are due to falling office rents.Read more


The cheapest rents in Tokyo by train station

Real estate listing site, SUUMO, have listed the top 10 areas around train stations that have the cheapest rent in Tokyo. Stations along the Toden Arakawa Line seem to dominate the listings, so tenants on a budget may want to look for places along this train line.

The average rent was calculated by the listings for Studios to 1-bedroom apartments on the SUUMO website as of March 14, 2012.Read more


Nomura announces apartment price movements for April

Nomura Real Estate Urban Net announced the results of their survey on land and apartment price movements as of April 1, 2012. In greater Tokyo, the average price of both residential land and secondhand apartments fell 0.5% during the first quarter. On an annual basis, the price of residential land in greater Tokyo was down 2.8% (compared to a 2.0% decline from one year ago). Secondhand apartment prices fell by 3.1% over the year (compared to a 2.4% decline from the previous period).Read more