Fukuoka’s Island City has sold out
Island City in Fukuoka has sold out, and it only took 28 years. The city-developed manmade island was created in Hakata Bay in 1994. The deficit at the time of completion was 18 billion Yen, but Fukuoka City was expecting land sales to result in a 12.5 billion Yen profit.
For Sale: House next door to historic Iseya Pawnshop
An old townhouse located right next door to the historic Iseya Pawnshop in Hongo, Tokyo, was listed for sale recently. The two-story wooden house fronts onto Kikuzaka Street.
Same-day sellout in luxury Ashiya condo
A luxury, low-rise apartment building in Ashiya City went on sale a week ago, with all 16 apartments on offer receiving purchase applications.
New apartment supply up 16.2% in July
The supply of brand-new apartments released for sale across greater Tokyo in July reached 2,268 units, a 16.2% increase from last year. The first-month contract rate was 60.7%, down 7.6 points from last year. For apartments in buildings over 20 stories, the contract ratio was 75.5%, up 3 points from last year.
Apple Store finds new location in Ginza
With demolition looming for its landmark building in Ginza, the Apple Store will be moving into new digs from August 30. The store is relocating to a Kengo Kuma-designed hybrid wood and steel building in the Ginza 8 Chome address.
Old apartment building to be replaced with office
Nomura Real Estate Holdings is acquiring an entire condominium building in Takanawa from its apartment owners association. The 42-year-old apartment building will be demolished and replaced with an office building.
Hokkaido city struggling with abandoned buildings
Kushiro City in Hokkaido is struggling with a growing number of vacant and seemingly-abandoned buildings in the city center.