Tepco finds buyer for Suginami sports ground
Suginami-ku announced plans to purchase a 4.3 hectare sports ground in Shimotakaido 2 Chome from troubled Tepco. The Tokyo ward has included the 6 billion Yen acquisition cost in their 2012 budget.
The sports ground includes tennis courts, a baseball field and a running track. Tepco had previously leased the grounds to the ward for local residents to use.Read more
La Tour Shinjuku Grand
Average price: 1,183,000 Yen/sqm
Size range: 38.98 ~ 194.98 sqm (419 ~ 2098 sqft)
Average rent: 4990 Yen/sqm/month
Estimated Yield: 5.06% pa
| ABOUT |
La Tour Shinjuku Grand is the latest addition to Sumitomo's La Tour Series of rental apartments. The special feature for this property is high ceilings. The ceiling height in each apartment is 3.7 meters, which is far higher than the standard 2.4m ceilings found in most Japanese apartments. The high ceilings are not wasted as some apartments come with lofts to maximize the usable space. The building is not big on amenities as it only has the standard concierge service and gym (no swimming pool). Residents also have free internet access.Read more
Former British Embassy Villa in Nikko to be open to public
Tochigi Prefecture is making plans to restore and open up the former villa of the British Embassy on Lake Chuzenji to the public as a way to promote tourism in the Nikko area.
The prefecture has allocated 6 million Yen in their 2012 budget to start work on analyzing the foundations and earthquake-resistance of the villa. After carrying out any necessary repairs, the villa is scheduled to be open to the public from 2014.Read more
Any buyers? Minato Mirai's deficit difficulties lead to last minute sales tactics
Commission for anyone who can sell the remaining land in Minato Mirai.
Minato Mirai 21 (MM) is a 186 hectare waterfront business district in Yokohama, and is home to the Yokohama Landmark Tower. The land reclamation (40% of the area) and urban renewal project began in 1983, but there are still some large parcels of undeveloped land that the city is desperately trying to sell.Read more
Hotel Suigo in Ibaraki to be demolished due to earthquake damage
The Suigo hotel in Tsuchiura City, Ibaraki, will be demolished after it sustained damage in the March 11 Tohoku earthquake. Suigo is a local government operated hotel which offers low-cost accommodation. These type of lodgings are called "kokumin shukusha".Read more