New apartment price in Tokyo hits 31-year high
The average price of a brand-new apartment across greater Tokyo has now exceeded a bubble-era high.
Why Tokyo’s real estate prices did not crash post-Olympics
Over the past few years, more than a few people told us that property prices in Tokyo were artificially inflated by the coming Olympics and that they were going to wait until the games were over to ‘pick up a bargain’. Since the announcement of the Olympics, there were frequent opinion pieces that predicted property prices would crash immediately after the Olympics.
Apple Store Ginza Building to be demolished
The building housing the Apple Store Ginza will be demolished later this year. In 2003, this was the first Apple Store to open in Japan.
Samurai school sold to Tokyo buyer
The operator of a funeral home group has sold a samurai-style school and tourism facility in Fukushima to an individual in Tokyo.
Tokyo apartment prices increase for 23rd month
Despite growing building ages and shrinking apartment sizes, the average price of a second-hand apartment sold in Tokyo last month reached a record high.
Japan’s first hotel-condominium* to be built in Hakone
On April 8, The Sankei Building Company, Tokyu Land Corporation, and Relo Vacations announced a hotel-condominium project for the Sengokuhara district in Hakone. This is the first hotel-condominium project in Japan to utilize the Home-Sharing Business Act (aka the Minpaku law) introduced in June 2018.
Hilton to open flagship-branded hotel in Kyoto
Earlier this month, Hilton announced the signing of an agreement with Tokyo Tatemono to open the first flagship-branded hotel in Kyoto in 2024. The Hilton Kyoto will be located in the Kawaramachi Sanjo district.