Apartments for wine lovers in Shibuya
Apartment developer, Inovv Inc, announced plans for a new residential building in Shinsencho, Shibuya-ku, that will be designed for wine aficionados.
Construction of the tentatively titled "Shibuya Shinsen Wine Apartment Project" will start in May 2012. The 10-storey building will have 18 studio apartments ranging from 42 to 45 sqm (452 ~ 484 sqft). Apartments will be available for rent only, and will not be available for individual sale.Read more
Grosvenor purchases Roppongi Arents
Grosvenor, an international property development group, announced that they purchased Roppongi Arents from Japan Tobacco in October 2011. JT had listed the building for sale at the end of 2010.
Roppongi Arents is a luxury residential apartment building built in 2003. The 4400 sqm site adjoins the Roppongi Hills development. Apartments range in size from 88.45 to 288.77 sqm (951 ~ 3107 sqft) and can be rented for between 470,000 and 2,200,000 Yen/month.Read more
Saitama to keep close watch on forestry purchases by foreigners
In order to better understand the scope of the purchase of forestry by foreign funds and to protect water sources, Saitama Prefecture is planning to introduce rules which will require land transactions to be reported in advance to authorities.
The proposal will target 18 cities and towns in the northern part of Saitama. It will be submitted to the prefectural assembly this month, and may be enacted as early as October of this year.
Similar legislation is also going to be presented to the Diet session later this month, but it does not specifically mention foreign capital.Read more