More news on the redevelopment project surrounding the Imperial Hotel
Additional details on the Uchisaiwaicho 1 Chome District Redevelopment have been released. The 6.5-hectare site is across the street from Hibiya Park and includes the Imperial Hotel.
Quick real estate news summary for the week
Another real estate developer to offer vaccines to tenants, Digital Agency moves to Kioi Tower, and Tokyo's office vacancy rate exceeds 6%. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Tokyo Apartment Sales in June 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of June 2021:
40-story apartment tower for Nishi Shinjuku
On June 16, the Tokyo Metropolitan Government approved the land rights transfer proposal for the Nishi Shinjuku 5 Chome Central South District Redevelopment. This development will see several blocks of low-rise buildings replaced with a 40-story apartment tower.
Osaka sees steepest drop in rosenka land values in 2021
On July 1, the National Tax Agency (NTA) released the rosenka land tax values for 2021. Not surprisingly, Osaka’s heavily tourist-oriented Shinsaibashisuji Street saw the biggest decline nationwide, with a 26.4% drop in 2021.
Quick real estate news summary for the week
Ageism rife in rental market, Sapporo hotel converts rooms to office space, and Dentsu confirms decision to sell Shimbashi HQ. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Apartment sales in Athletes' Village to resume this fall
Sales of the apartments in the Athletes’ Village are expected to resume this fall or later, once the Olympics wraps up.