What are real estate brokers in Tokyo doing in response to the second state of emergency?
In response to a surge in coronavirus cases, a second state of emergency was declared for greater Tokyo from January 8 until February 7. This one is less comprehensive than the one last spring, and is currently targeted towards restaurants and bars. However, businesses are being urged to have staff work from home, and residents are asked to avoid going outdoors unless necessary. There are no guidelines issued for the real estate industry, but many brokerages have taken it upon themselves to enforce some stricter measures this time around.
Quick real estate news summary for the week
Saitama tops net inflow of residents, Hotel Grand Palace to suspend operations, and rental brokerages see drop in transactions. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Kyoto sells hotel development site near Nijo Castle
Kyoto City is selling a 3,000 sqm site on the northern side of Nijo Castle to real estate developer Open House Co., Ltd. The developer is planning to open a low-rise hotel in 2024.
Home buyers: How to write an offer
After you have done the legwork and research, inspected, and obtained the general details of the place you want to purchase, it’s time to submit a written offer to the seller. This indicates that you intend to purchase the property under the conditions you have outlined.
Art museum to open on 43-acre estate in Kamakura
A prominent jewelry company has been selected to open a jewelry-themed art museum on a 43-acre estate in Kamakura. The city-owned land was originally owned by the Nomura Research Institute (NRI) and was donated to Kamakura City in 2002.
Quick real estate news summary for the week
Tokyo’s 3D flood maps rolled out, apartment asking prices rise for 5th month, and Toyota to start building futuristic city in February. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Azumi Setoda ryokan to open in March 2021
A new hotelier has entered the boutique ryokan space in Japan, with their first project in the Setouchi Region to open in March 2021. Azumi Setoda is the first of the Azumi hotel projects - a hotel brand established by Adrian Zecha, founder of Aman, and Kyoto-based hospitality group Naru Developments.