Luxury hotels fill gap in Kyoto's high-end hospitality sector
With domestic tourism recovering, luxury hoteliers are focusing their attention on the historic city of Kyoto.
Karuizawa resort condos sell out
On November 29, real estate company ES-CON JAPAN announced that all 37 resort-style apartments developed in conjunction with Ost Development G.K. in Karuizawa had sold out prior to completion.
New hotel for Akasaka-Mitsuke
Mori Trust is planning a 26-story mixed-use hotel and office tower for the corner of the Akasaka-Mitsuke intersection in Tokyo. Construction is scheduled to start in August 2022 with completion expected by February 2025.
Apartment affordability ratios across Japan in 2020
In 2020, the average price of a 10-year old second-hand apartment nationwide was 5.92 times the average income, according to a report by Tokyo Kantei. Housing has become more expensive compared to 2019, which had a multiple of 5.52.
An apartment in Shinjuku for 99 Yen a month?
Who said living in Tokyo was expensive? IKEA Japan is offering a furnished rental apartment in Shinjuku for just 99 Yen (US 86 cents) a month.
50-yr old apartment building in Shinjuku to be refurbished
A former luxury rental apartment building in Shinjuku is undergoing a full refurbishment. Rather than follow the standard practice of demolishing and rebuilding from scratch, the 50-year old building will be stripped back to its concrete structure, retrofitted and renovated.
Home loan tax deduction may be reduced in 2022
The cash loophole from the 1% home loan income tax deduction is about to be closed as the government looks to revise the percentage down next year.