Yurakucho and Namboku subway lines to see extension by 2030s
The national government and Tokyo metropolitan government are firming up plans for the extension of the Yurakucho and Namboku subway lines. The extensions could be completed by the 2030s.
Snow Peak to open housing subdivision this year
Outdoor lifestyle brand Snow Peak is expanding its resort development in Niigata to include housing.
What’s an appropriate amount to pay for apartment repair fund fees?
When you own an apartment in Japan you, along with the other apartment owners in the building, will pay monthly fees each month that go into the building’s repair reserve fund. These fees go towards periodic maintenance and repairs of the common structure of the building. Some buildings have high fees, while others have low fees. What’s the reasoning and what is a reasonable amount to expect?
Tokyo Apartment Sales in December 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of December 2021:
Luxury rental apartments added to Torch Tower
A recent use-change will see some luxury rental apartments added to Japan’s tallest tower-to-be. On January 8, the Nikkei Shimbun newspaper reported that the 390-meter tall Torch Tower, on the northern side of Tokyo Station, will have around 50 apartments with monthly rents ranging from 1 ~ 5 million Yen (approx. US$8,650 ~ $43,200). The largest apartment will be in the 400 sqm (4,300 sq.ft) range.
Landmark hotel in Atami closes its doors
Atami’s Hotel New Akao closed its doors for good on December 17, ending 48 years of operations. With demand not expected to return in the near future and an aging building, the decision was made to shut down.
A forecast of the new apartment market in 2022
On December 21, the Real Estate Economic Institute published a forecast of the new apartment market across the greater Tokyo region.