Shibuya office building sells for 25 billion Yen

JR East Building Co., the real estate division of East Japan Railway, acquired the Shibuya Prime Plaza office building in February. The sale price was not disclosed, but assumed by the Nikkei Real Estate Market Report to exceed 25 billion Yen (approx. US$165 million).Read more

Recent changes to property registration law and the impact on foreign buyers

Starting April 1, some major rule changes were made to the Real Property Registration Act that affect how foreign individuals and corporations register their details when acquiring real estate. One of those rule changes suggested that offshore owners would require a local contact to be recorded on the property title - but reading into the fine print provides a different, and less worrying procedure.Read more

Developer aims to fill gap in group-stay and long-term hotel market

Just 4% of the hotels in Japan’s major cities have rooms that can accommodate three or more guests. Meanwhile, approximately half of the foreign travelers visiting Japan are coming in groups of three or more. Only a small number of hotel developers have picked up on this mismatch.Read more

Hiramatsu hotel portfolio sold to fund

On March 27, LoadStar Capital announced the formation of a special purpose company to acquire six luxury hotels from restaurant operator Hiramatsu and real estate developer NTT Urban Development Corporation.Read more

Market overview of a Shinjuku multi-family building for sale

Let’s do a bit of a dive into a multi-family property listed for sale in central Tokyo recently.Read more

Off-market properties sourced in Q1

It has taken many, many meetings, but we have managed to source over ¥80 billion (US$530 million) in off-market listings to present to clients over this past quarter. Over 80% of those properties are in Tokyo’s 23 wards. Read more

Japan's land values reach highest level since 1991

Annual land values were announced on Tuesday and the return-to-work trend, recovery in inbound tourism, and a dispersal of attention away from Niseko and towards other cheaper ski resort destinations is apparent.Read more