Got a big car? Parking might be a challenge
It has become increasingly difficult to find monthly car parking spaces for lease in central Tokyo, according to an article in Kuruma News earlier this month. And that may be due to more people buying cars during the pandemic.
Tokyo Apartment Sales in September 2022
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of September 2022:
Akasaka Excel Hotel Tokyu to close
Akasaka Excel Hotel Tokyu will close its doors permanently in late August 2023 as its lease comes to an end.
Three banks to increase mortgage rates this month
Three of Japan’s five top mega-banks plan to increase home loan interest rates this month, while two will reduce rates.
Togo Murano-designed hotel in Kyoto to close its doors
Hotel Rubino Kyoto Horikawa will permanently close next March as the prolonged pandemic takes its toll. The hotel was designed by iconic modernist architect Togo Murano and opened in 1972.
Niseko sees over 20 billion Yen a year in real estate sales
A 2.5-year closure to inbound travel hasn’t slowed investment in Niseko’s ski resort market with the Nikkei Shimbun reporting that the ‘Aspen of Asia’ has seen over 20 billion Yen (approx. US$138 million) in known real estate purchases by foreigners each year. The very recent weakening of the Yen this year is said to be contributing further to demand.
Imperial Theatre to be demolished
The Teigeki, or Imperial Theatre, in Marunouchi will temporarily close in 2025 as the building undergoes redevelopment.