Resort plans shelved after 50 years
After half a century of sitting idle, city plans for a 174-hectare resort in Himeji will officially be shelved at the end of this month. The sprawling waterfront resort was going to have a marina, aquarium, hotel, shopping mall, 500 homes, and 3,600 apartments.
120m tall office tower for Shibuya Station area
A 120-meter tall office tower is planned for a site just behind the Shibuya Hikarie building in central Tokyo.
91-yr old bathhouse converted to shared office
A Yamagata-based construction company has refurbished a traditional 91-year old bathhouse near Ueno, Tokyo, into a shared office, cafe, and event space.
Shangri-La buys land next to Nijo Castle
Good news coming out of Kyoto last week with word that Shangri-La Group has acquired a large development site on the northern side of Nijo Castle in Kyoto. The 4,700 sqm site is about 90 meters west of our restored machiya townhouse.
Compliance rules relaxed for house-to-commercial conversions
On June 25, 2019, the Building Standards Act was revised. One of the interesting revisions was regarding the requirements that must be met when changing the use of an existing property.
Two new luxury boathouse rentals surface in Ine, Kyoto
Two more traditional boathouses in Ine, Kyoto, have been refurbished into luxury overnight accommodation.
Tokyo second-hand apartment sales up 8.5% in June
According to REINS, a total of 3,490 second-hand apartments were reported to have sold across greater Tokyo in June, up 27% from the previous month and up 5.2% from last year. The average sale price was 33,610,000 Yen, up 1.1% from the previous month and up 1.3% from last year. The average price per square meter was 527,500 Yen, up 1.8% from the previous month and up 1.6% from last year. This is the 5th month in a row to see a year-on-year increase. The average age of an apartment sold was 21.96 years.