Historic 103-yr old hotel in Kobe sold
On March 7, Sanyo Electric Railway announced the sale of the historic former Maiko Hotel in Kobe City.
Subscription-type cabins open by Lake Yamanaka
A subscription-type holiday home development near Lake Yamanaka at Mt. Fuji opened on March 4. The 14 contemporary cabins are spread across a 13,000 sqm site and are a 10-minute walk from the shore.
Hyatt Regency Tokyo on the market for 100 billion Yen
On February 28, the Nikkei Shimbun newspaper reported that the Odakyu Electric Railway company is considering the sale of the Hyatt Regency Tokyo hotel. The total sale proceeds of the hotel, along with partial ownership of a neighboring office building, could be in the 100 billion Yen (approx. US$870 million) range. Several funds have already expressed interest.
Tokyo Apartment Sales in February 2022
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of February 2022:
Land prices continue to recover in 2021
Land prices are on the rise again, according to the latest quarterly LOOK Report published by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT). In the fourth quarter of 2021, a total of 55 of the 100 surveyed locations saw land prices increase. This is up from just 15 locations in the fourth quarter of 2020.
Omotesando's real estate market in 2021
Let’s take a quick look at how Omotesando’s residential real estate market for apartments has performed over the past 12 months.
Tokyo apartment asking prices increase for 19th month
The average asking price of a 70 sqm (753 sq.ft) second-hand apartment in Tokyo’s 23 wards reached 66,700,000 Yen in January 2022. This is a 10.4% increase from January 2021 and the 19th month in a row to record an increase.