Foreign investors find Kyoto real estate cheap
According to the Kyoto Shimbun newspaper, offshore investors are out in force buying up real estate in Kyoto, with property prices in the historic city considered comparatively inexpensive.
Tenant sought for 95-year old historic home in Tokyo
Tokyo City is looking for a new tenant for the historic Ogasawara Residence in Shinjuku. The Spanish-style home was built in 1927 for Count Nagayoshi Ogasawara (1885-1935).
Capella Kyoto to open in 2025
On July 5, NTT Urban Development Corporation announced a management agreement with Capella Hotels & Resorts to open Capella Kyoto in the Higashiyama district.
Tokyo’s high-end market still cheaper than other international cities
According to the Japan Real Estate Institute’s latest report on global real estate prices, an apartment in the wealthy Motoazabu district in Tokyo is cheaper than one in Beijing, Shanghai, Hong Kong, Taipei, Singapore, New York, and London.
Leasehold condos planned next to historic building in Tokyo
On June 30, sales began in a leasehold condominium located in Tokyo’s Jimbocho district. The 14-story building is next-door to the Toho Gakkai Institute of Eastern Culture. This modernist building was built in 1926 and is recognized by Chiyoda Ward as an important property for the district’s landscape design.
Seibu confirms hotel portfolio sale to GIC
On June 30, Seibu Holdings confirmed that it would be selling 31 of its hotel and golf facilities to an affiliate of Singaporean sovereign wealth fund GIC. The sale price is 147.1 billion Yen (approx. US$1.09 billion thanks to a historically cheap Yen), with Seibu posting an 80 billion Yen gain on the sale.
Tokyo Apartment Sales in June 2022
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of June 2022: