Tokyo's office vacancy rate improves for first time in 21 months
In November, the office vacancy rate in Tokyo improved for the first time in 21 months as concerns over the pandemic’s effects on the workplace seem to have weakened.
City acquires 1600-yr old tomb from construction company
Ichihara City in Chiba Prefecture has acquired a large parcel of land that includes an ancient ‘kofun’ burial mound thought to have been built sometime in the 4th century.
Tokyo Apartment Sales in November 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of November 2021:
Will the government's attempt at a national real estate ID system be successful this time around?
The Nikkei Shimbun newspaper ran a recent article going over all of the issues with the government’s attempt to create more transparency and accessibility with real estate data. Anyone who has worked in Japan’s real estate industry or attempted to conduct market research will be well aware of just how little data is available, paid or otherwise.
Commercial landowners will likely receive a tax break in 2022
Both the Komeito political party and the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) are seeking that property taxes for commercial land receive some kind of tax relief next year. The leading Liberal Democratic Party also seems to be in favor of this measure.
Demolishing this tower will cost 720 million Yen
Hokkaido Prefecture is facing a growing demolition bill for the Hokkaido Centennial Memorial Tower.
What’s pushing up the price of new apartments in Tokyo?
This October, the average price of a brand-new apartment across greater Tokyo reached 67.5 million Yen, the highest level seen for the month of October and 10% higher than the bubble-era in 1990.