Luxury resort planned for Miura Peninsula in 2024
On May 12, Keikyu Corporation announced its area management plans for the Miura Peninsula in Kanagawa Prefecture. This includes a luxury resort for Jogashima Island.
Quick real estate news summary for the week
Tokyo’s foreign resident population continues to fall, apartment rents remain stable, and a hot spring ryokan sells for 2.75 billion Yen. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
8% of short-term ‘minpaku’ rentals close since start of pandemic
According to the Japan Tourism Agency, the number of registered short-term ‘minpaku’ rentals nationwide has dropped from a peak of 21,385 in April 2020 to 19,520 as of March 2021.
Six Senses and Banyan Tree to open in Kyoto in 2024
Six Senses and Banyan Tree will both be opening luxury hotels in Kyoto's Higashiyama district in 2024. Both hotels will be the first of their kind in Japan.
Quick real estate news summary for the week
UR acquires hotel in Harumi, LG sells office floor, and telework take-up sits at just 20%. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Former Hotel Pacific to be demolished
The mixed-use and oddly-named Shinagawa Goos building on the western side of Shinagawa Station officially closed its doors on March 31, ending 50-years of operations.
Shimane hotel sells for 2,000 Yen (US$18)
The town of Tsuwano in Shimane Prefecture has purchased an abandoned hotel and land for 2,000 Yen (approx. US$18). The 50-year old building will be demolished with the grounds turned into a public park.