Asakusa Tower to go ahead despite opposition from Sensoji Temple

Asakusa Tower

Asakusa's Sensoji Temple lost their court case against the development of high-rise apartment building under construction less than 400 meters away from the temple. The temple argued that the development went against city plans to limit residential buildings to 5 stories. No reason was given for the ruling against their case.Read more

by Zoe Ward

Komazawa 3 Chome House (SOLD)

komazawa-3-house-exterior

*UPDATE: SOLD in October 2010*

Built in 1992, this large 4-bedroom house has a 3-car lock up garage, internal courtyard and a “irori” fireplace in the Japanese tatami room.

The house is in a quiet residential neighborhood directly across the street from Komazawa Ryokusen Park and is a 9 minute walk from Sakura-shinmachi Station. Read more

by Zoe Ward

Tokyo Earthquake Damage Risk Ratings

The Bureau of Urban Development in the Tokyo Metropolitan Government conducts an earthquake assessment every 5 years, with the latest carried out in 2008. The investigation covers 5,073 neighborhoods in Tokyo. They provide a rating for the following categories:

  • Vulnerability to Building Collapse (Ground liquefaction, Construction methods, Age of buildings etc)
  • Fire Hazard Rating (Spreading of fires, Fireproof buildings, firebreaks such as parks etc)
  • Overall Hazard RatingRead more

by Zoe Ward

Japanese Land Values Decline at Slower Rate

A recovery in housing demand is slowing the decline in land values in Japan, according to a survey by the Ministry of Land, Infrastructure, Transport and Tourism.

Of the surveyed locations, 45 had no decline in value, with 3 of those sites reporting an increase in value. Compared to results from previous quarters, the total number of locations reporting a decline in values was 70%, down from 82% from the last quarter, and 96% from the quarter before that.

Continue reading the full article at Bloomberg here.

by Zoe Ward

Roppongi Tokyo Club Residence Popular With Buyers

The Roppongi Tokyo Club Residence has seen positive sales activity. From the initial release of 95 units in mid-July, 86 have received applications.Read more

by Zoe Ward

Why are the Chinese buying real estate in Japan?

Although it is reported almost every other day in the Japanese news, this Financial Times article provides a simple summary of why Chinese buyers are investing in Japanese real estate. Some of the reasons include attractive rental returns, capital gain on refurbishing apartment buildings and selling to other Chinese investors, or simply buying a vacation home. Despite the media attention, foreigners only represent a very small portion of the real estate market in Japan.

Article: Financial Times - Global Economy, August 19, 2010.

by Zoe Ward

Japan ranked 9th best country in the world

Newsweek released their ranking of the best countries in the world based on health, education, economy and politics. Japan was ranked 9th in the world, and is the top ranked Asian country.

Click here to view the list.

by Zoe Ward