Grand Front Osaka Owner's Tower sold out
All 525 apartments in the just-competed Grand Front Osaka Owner's Tower have now sold, heralding what many believe to be the turning point for the residential market.
The most expensive apartment was a 415 million Yen 300sqm 3-bedroom penthouse. Read more
Lose weight and pay less rent?
One share house in Osaka has come up with a unique concept of combining weight loss with rent. The 'Beauty&Diet Ladies Sharehouse' in Suita City is offering tenants a discount of 1,000 Yen off their monthly rent for each kilogram they lose while living in the house.
The monthly rent charged to each tenant is calculated by how much they each weigh. For every 1 kg, you are charged 1,000 Yen/month in rent. Lose weight, and your rent goes down. The landlord, Broad Enterprise, believe this might be the first of its kind in the world.Read more
A first for Kansai: Historic bldg facade preserved in redevelopment
Orix Real Estate announced that they will be preserving the facade of a Taisho-era building and will incorporate it into the new condominium being built on the site. The design of the upper floors will also be in keeping with the original building facade. This is the first example of a condominium in the entire Kansai area that preserved the facade of the former building.
Apartment sales in 'Gran Sanctus Yodoyabashi' began on July 3rd, with 45 of the 60 units being offered in the first release. Apartments range in size from 56.09 ~ 78.83 sqm (603 ~ 848 sqft) and are priced from 37.6 ~ 56.5 million Yen. The average price per square meter is 693,000 Yen.Read more
400 yr old house in Osaka to be demolished
The owner of the Watanabe Residence in Osaka's Yodogawa-ku has had the historical listing cancelled as he plans to demolish the home and sell the land in order to pay a high inheritance tax bill.
The current owner inherited the house two years ago and has not been able to pay the inheritance taxes on the property. An application was made to Osaka's Board of Education to remove the listing, so that the property could be razed and sold. The Board of Education said they often receive applications to remove listings due to fire and other damage, but it is rare to receive a request due to difficulty paying taxes.Read more
Osaka to become Japan's Manhattan?
Osaka City is planning to increase the building height restrictions alongside their landmark Misouji avenue, in the hope to create a cityscape similar to Manhattan.
The current maximum building height alongside Midosuji is 50 meters, but the city is considering lifting the limit to 200 meters by as early as 2013. The new height limit would include office buildings, apartments, education and research institutions. The city is also considering a plan to completely ban cars from the street and turn it into a park, although that is not planned for another 40 years.Read more