Sales in Park Court Chiyoda Fujimi The Tower start today

Mitsui Fudosan Residential begin sales of apartments in Park Court Chiyoda Fujimi The Tower today. The 40-storey building will be completed by the end of March, 2014, and apartments will be ready to move into by the following July.Read more


Able to offer improved rental apartment service for foreign students

Japanese rental agency, Able, have introduced a new service for foreign students that will assist them in finding an apartment to move into as soon as they arrive in the country.

Up until now, foreign students have had to stay in temporary accommodation, such as student dormitories, until they receive their alien registration card. It was only when they had received the card that they could rent an apartment privately. This resulted in the student waiting several weeks before moving into more permanent accommodation.Read more


47-yr old ryokan converted to sharehouse in Tokyo

Real estate company R Bank have converted an old Japanese inn (ryokan) into a character-filled female-only sharehouse in Tokyo's Katsushika ward. Called 'Tokyo Kita Wave', the property was renovated from a 47 year old post-war inn, and is their 30th sharehouse.Read more


Malaysian developer to build resort in Okinawa

Kin Town in Okinawa announced on October 18 that they have signed a contract to lease beachfront land to Malaysian property developer Dijiaya Land Development.Read more


Tokyo apartment contract ratio drops below 70%

According to the Real Estate Economic Institute, the number of new apartments released for sale in September in greater Tokyo (Tokyo, Kanagawa, Saitama and Chiba) dropped 9.3% from last year to 3,366 units.

The contract ratio for the month was 69.3%. This was the first time in 13 months where the ratio fell below 70%. A ratio below 70% is considered to be a sign of a slump in demand.Read more


Sendai's property bubble

Somewhat sensationalist magazine Nikkan SPA has reported that Sendai is experiencing a property bubble brought on by the reconstruction work following the Tohoku disaster.Read more


Lose weight and pay less rent?

One share house in Osaka has come up with a unique concept of combining weight loss with rent. The 'Beauty&Diet Ladies Sharehouse' in Suita City is offering tenants a discount of 1,000 Yen off their monthly rent for each kilogram they lose while living in the house.

The monthly rent charged to each tenant is calculated by how much they each weigh. For every 1 kg, you are charged 1,000 Yen/month in rent. Lose weight, and your rent goes down. The landlord, Broad Enterprise, believe this might be the first of its kind in the world.Read more