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.
111 offers on an apartment in the Athletes Village
The third round of sales in Harumi Flag, the large-scale apartment project that had previously been used as the Athletes Village for the recent Summer Olympics, kicked off last month. This is the first sales activity to take place in two years, as sales were temporarily suspended due to the delayed games.
Luxury hotels fill gap in Kyoto's high-end hospitality sector
With domestic tourism recovering, luxury hoteliers are focusing their attention on the historic city of Kyoto.
Karuizawa resort condos sell out
On November 29, real estate company ES-CON JAPAN announced that all 37 resort-style apartments developed in conjunction with Ost Development G.K. in Karuizawa had sold out prior to completion.
MLIT considers increasing house height limits
The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) is considering extending the height limit of a wooden house in a revision to the Building Standards Act next year.