Seibu to sell hotels for US$1.3 billion
Singaporean sovereign wealth fund GIC has emerged as the potential buyer for the majority of Seibu Holdings’ hotel portfolio. Around 30 of Seibu’s hotels are expected to be sold for somewhere around 150 billion Yen (approx. US$1.3 billion).
Nintendo hotel in Kyoto to open this April
The conversion of the historic former Nintendo headquarters in Kyoto will open as a boutique hotel this April. Called ‘Marufukurō’, it is named after Marufuku, the name of the previous corporate incarnation of Nintendo.
How has Tokyo's rental market changed since the pandemic
News reports are still coming out about an exodus from Tokyo as the coronavirus pandemic continues, but has this had any effect on the real estate market in Tokyo’s 23 wards?
Same day sellout in Brillia Tower Dojima
One of the most luxurious apartment towers to be built in Osaka is already proving a hit with buyers with all apartments released in the first round of sales receiving purchase applications.
Tokyo’s 23 wards see net outflow of residents in 2021
On January 28, the Ministry of Internal Affairs and Communications released the annual report on population shifts within Japan in 2021. Tokyo’s 23 wards saw a net outflow of 14,828 residents. But these numbers include foreign residents, and over the past two years the foreign resident population in Tokyo has shrunk considerably.
155m tall tower for Dogenzaka, Shibuya
On January 19, the Tokyo Metropolitan Government approved the formation of the redevelopment committee for the Dogenzaka 2 Chome South District Redevelopment. This will see a 155-meter tall tower built near the west exit of Shibuya Station on the Inokashira Line.
Kyoto may be first city in Japan to introduce a tax on empty homes
Kyoto City is looking at introducing a special tax on vacant ‘akiya’ homes, in what could become the first akiya tax in Japan.