150-meter tall skyscraper planned for Shibuya’s Koen-dori Street
There are tentative plans for a redevelopment alongside Shibuya’s Koen-dori Street that could see a 150-meter tall, 34-story tower go up in the coming years. This will exceed the height of the 136-meter tall Park Court Shibuya The Tower condominium located 40 meters away.Read more
Rihga Royal Hotel Kyoto changes hands in May
Kyoto hotels are back on the radar for major real estate firms and investors, as the historic former capital recovers from the pandemic. Last month, Mori Trust acquired the Rihga Royal Hotel Kyoto from Fortress Investment Group for an undisclosed price.Read more
Honda Aoyama Building to be redeveloped
Honda Motor Company is planning to spend 50 billion Yen (approx. US$356 million) to redevelop its headquarters above Aoyama Itchome Station in central Tokyo.Read more
Omotesando office/retail buildings sold to domestic buyer
Two buildings alongside Omotesando’s Kotto-dori Street have been sold to a Kobe-based realtor.Read more
Sony to acquire 27ha of land for semiconductor plant in Kumamoto
Sony Group Corporation has announced plans for a second semiconductor factory in Kumamoto Prefecture. The new factory will be in Koshi City, just outside of Kumamoto City and about one kilometer west of its other factory in Kikuyo Town.Read more
Luxury rental apartments planned for 7,000 sqm site in Omotesando
Action is finally underway for the long-idle site of the former Floracion Hotel in Minami Aoyama with Sumitomo Realty & Development announcing plans for a 70-unit luxury rental apartment building.Read more
Further restrictions on Harumi Flag apartment sales
Further sale limits have been imposed on the Harumi Flag project on Tokyo Bay to curb speculation. The repurposed Athlete’s Village condos have seen as many as 100 ~ 200 purchase applications per apartment as speculators seek to flip them once complete.Read more