35-story tower for Kyobashi
Tokyo Tatemono is planning a 35-story, 180-meter-tall high-rise for Kyobashi. Construction will start in 2025 with completion tentatively scheduled for 2029. A city planning decision was granted on January 13.
Apartment sales over 100 million Yen hit new high in Tokyo
Tokyo’s 23 wards were the only area within greater Tokyo to see a year-on-year increase in apartment sales in December, with transactions up 6.6%. Saitama Prefecture saw a 4.2% drop, Chiba saw an 11.2% drop, and Kanagawa saw a 7.4% drop.
City in Nagano giving away two onsens
A city in Nagano Prefecture is giving away two of its hot spring resorts for free. With declining visitors and ongoing maintenance and operation costs, this disposal of the two assets will reduce the strain on the city’s finances.
40-lot holiday villa subdivision planned for Niseko
A Sapporo-based real estate company is planning to develop a holiday home subdivision on a 10-hectare site adjoining Niseko’s Hirafu district. The developer is targeting wealthy foreign buyers.
ORIX to open luxury ryokan in Atami next winter
ORIX Real Estate Corporation is developing a luxury ryokan in Atami’s Izusan district, with the hotel scheduled to open next winter. Atami Izusan Karaku sits on a 6,100 sqm site overlooking Sagami Bay and a 7-minute drive from Atami Station.
A 70sqm apartment in central Tokyo now costs over 100 million Yen
The average asking price of a 70 sqm (753 sq.ft) second-hand apartment in Tokyo’s central wards of Chiyoda, Minato, and Shibuya, has exceeded the 100 million Yen range in November, 2022.
Daikanyama retail sells for 1.8 billion Yen
A low-rise retail and office building just behind Daikanyama Station sold for 1.877 billion Yen (approx. 14.3 million USD). The seller, Starhill Global REIT, entered into a sale agreement in December with an undisclosed buyer.