Nationwide land values increase for 2nd year in a row

The nationwide Assessed Land Values (koji-chika), as issued by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) saw a year-on-year increase in 2023. This is the second year in a row to see an increase. The growth is apparent not only in urban centers, but is also spreading to regional areas as the country emerges from the pandemic.Read more


Tokyo apartment rents hit record high in February

In February, the average rent of a condominium-type apartment in Tokyo’s 23 wards increased for the 5th month in a row and has reached the highest since Tokyo Kantei began keeping records. Read more


Three hotels sold by Hokkaido hotelier

Mail-order company Belluna has emerged as the buyer of two hotels in Hokkaido from Karakami Hotels & Resorts for an undisclosed price. Karakami will stay on as the operator of the hotels.

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Tokyo's annual office supply forecast for 2023 - 2026

With the completion of several large-scale office buildings later this year, the total supply of new office space to hit the market in 2023 is going to be more than double what it was in 2022.Read more


Buyer in talks to buy Kiroro Resort

Shanghai Yuyuan Tourist Mart Co. has expressed interest in purchasing Kiroro Snow World, Kiroro Resort, its land, two hotels, onsen, and golf course through an 11 billion Yen (US$81.5 million) corporate acquisition of Napier SPC.

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Tokyo apartment prices increase for 34th month

Apartment prices in Tokyo climbed for the 34th month in a row last month, reaching 908,300 Yen/sqm in the 23 wards. This is a 9.3% increase from last year. A total of 1,691 second-hand apartments were reported to have sold, up 4.5% from last year.

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