New Issey Miyake store completed in Ginza
Yasuda Real Estate has completed construction of its 3rd project in Ginza. The 9-story Ginza Matsuya-dori Yasuda Building will have Issey Miyake as the key tenant on the first 4 floors.
Japan’s giant Kannon statues are becoming white elephants
Giant Kannon statues looming over quiet residential estates below have increasingly become a concern for both local governments and local residents. Once a symbol, many are now a negative legacy, fallen into disrepair.
Major broker vows to stop sending junk mail, saving 6 billion Yen a year
One of Japan’s major real estate brokers has decided to abolish all direct-mail fliers sent to the postboxes of property owners nationwide.
Mita Koyamacho Redevelopment to be completed by 2028
More progress has been made on the Mita Koyamacho West District Redevelopment near Azabujuban Station with the Tokyo Governor approving the developers’ rights conversion plans last December.
Apartment asking prices climb 13.2% in 2022
The average asking price of a 70 sqm (753 sq.ft) second-hand apartment across the greater Tokyo region in 2022 climbed 13.2% to 47,160,000 Yen. This was the second year in a row to record double-digit growth.
Hotel Okura South Wing redevelopment to start in 2024
Construction of a 225-meter tall tower to replace the former Hotel Okura South Wing building in Roppongi will start in 2024, with completion scheduled for 2028.
9.5 trillion Yen to retrofit Tokyo’s wooden homes
Tokyo wants all homes to meet current earthquake-resistant codes by the 2040s and has budgeted 9.5 trillion Yen (US$71 billion) to make it happen.