Demolition of Hotel Okura South Wing to start today
Demolition of the Hotel Okura South Wing kicks off today, marking the end of an era for the hotel’s former modernist architectural style. The 13-story annex building will be completely razed by December 2022.
Modernist National Theatre to be demolished
The Japan Arts Council is moving forward on plans to demolish the National Theatre of Japan building in Chiyoda and replace it with a new theatre with a hotel on the upper floors.
Shrink-wrapping to solve Japan's vacant home issue
A demolition company based in Tokushima Prefecture has come up with a novel, short-term way to deal with Japan's derelict, vacant homes.
Historic home matching service for Karuizawa
In an effort to save the historic holiday villas of Karuizawa, a matching-service has been set up by the Karuizawa Cultural Heritage Preservation Association.
Larger apartments take up larger share of supply in Tokyo
Good news for buyers hoping to find a decently-sized apartment in Tokyo - the share of brand-new three-bedroom apartments over 100 sqm supplied to the market in Tokyo’s 23 wards so far in 2021 has reached 5.7%, up from a 5.1% share in 2020. This is still below the record high of 8.4% seen in 2007.
Tokyo Apartment Sales in October 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of October 2021:
Price growth higher for larger apartments
Last month, Tokyo Kantei published a report that looked into the connection between apartment sizes and prices, and to see if there have been any identifiable shifts since the start of the pandemic.