Japan's rosenka land values increase after 2 years
This year’s rosenka land tax values were released by the National Tax Agency on July 1, and it’s been a mixed bag with some areas seeing gains and others losses.
Apartments planned for Azabu-Nagasakacho
An 8-story block of apartments is planned in the wealthy and exclusive Azabu-Nagasakacho enclave in central Tokyo.
Hyatt to open in Sapporo
On June 28, NTT Urban Development announced that Hyatt Hotels Corporation will by opening the Hyatt Centric Sapporo in NTT’s Sapporo Kita 1 Nishi 5 Project.
Redevelopment committee formed for Toranomon high-rise
On June 24, the Tokyo Governor approved the formation of the redevelopment committee for the Toranomon 1 Chome East District Project. This will see a 180-meter tall office tower built just in front of Toranomon Station.
New homes in Tokyo may soon require solar panel systems
The Tokyo metropolitan government may be the first in the country to require all new homes to have solar panels. How will this affect home buyers and builders?
Tokyo apartment asking prices increase for 23rd month
According to Tokyo Kantei, the average asking price of a 70 sqm second-hand apartment in Tokyo’s 23 wards was 67,990,000 Yen (approx. US$502,000) in May 2022, up 0.1% from the previous month and up 7.8% from last year. This is the 23rd month in a row to see an increase.
New apartment supply in Tokyo down 31% in May
The supply of brand new apartments released for sale in Tokyo’s 23 wards in May was down 31.7% from last year, with the Real Estate Economic Institute suggesting that developers might be re-examining sales schedules due to rising construction costs and supply chain issues.