Toyota to convert recent acquisition into set-up office
Toyota Fudosan, the real estate subsidiary of the car manufacturer, is converting a recently-acquired building in Shibuya into a set-up office. Operations are expected to start in January 2026.Read more
US university to lease Tokyo property from co-living operator
Seibu Real Estate and housing and co-living operator Goodroom have converted a former company dormitory opposite the Grand Prince Hotel Takanawa into a hybrid student accommodation building for a California-based university.Read more
Land prices continue to increase across the board
Japan’s land prices increased for the sixth straight quarter, according to the latest LOOK Report published by the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) on August 29.
In the second quarter of 2025, land prices saw a 0 ~ 3% increase in 75 of the 80 surveyed locations, and a 3 ~ 6% increase in five locations. Residential land values increased across all surveyed sites for the 13th consecutive quarter. For commercial land, Yokohama’s Minato Mirai district slowed to a 0 ~ 3% rise after a 3 ~ 6% increase in the first quarter, while Tokyo’s Nakano Station area accelerated to a 3 ~ 6% gain.Read more
Honda announces partial sale of Aoyama HQ
Honda Motor is transferring partial ownership of its Honda Aoyama Building to Mitsui Fudosan Residential, according to a press release issued by the developer on August 29.
The 17-story building sits on a prominent corner above Aoyama Itchome Station and alongside Aoyama Street. It is currently slated for redevelopment with demolition to start shortly, with the new project to be completed by 2030.Read more
Japan’s tallest hybrid-timber tenant office building completed last month
On July 23, Dai-Ichi Life announced the completion of a timber and steel hybrid office building in Tokyo’s Kyobashi address. At a height of 56 meters, this is the tallest hybrid-timber tenant office building in Japan.Read more
Tokyo apartment rents hit new high in June
Asking rents in Tokyo’s 23 wards reached 4,803 Yen per square meter in June, up 2.4% from the previous month and up 10.8% from last year. The increase is somewhat the result of a larger share in brand-new and near-new apartments, especially luxury apartments in central Tokyo, that have pulled up the average.Read more
Five-year resale ban proposed to stop condo flipping in central Tokyo
Tokyo’s Chiyoda Ward is requesting that developers impose a 5-year resale ban on new condo sales in an effort to curb speculation from foreign buyers and slow skyrocketing property prices in the capital. The ward submitted a request to the Real Estate Companies Association of Japan, a group made up of major developers, on July 18.Read more