Kyoto sells hotel development site near Nijo Castle
Kyoto City is selling a 3,000 sqm site on the northern side of Nijo Castle to real estate developer Open House Co., Ltd. The developer is planning to open a low-rise hotel in 2024.
Home buyers: How to write an offer
After you have done the legwork and research, inspected, and obtained the general details of the place you want to purchase, it’s time to submit a written offer to the seller. This indicates that you intend to purchase the property under the conditions you have outlined.
Art museum to open on 43-acre estate in Kamakura
A prominent jewelry company has been selected to open a jewelry-themed art museum on a 43-acre estate in Kamakura. The city-owned land was originally owned by the Nomura Research Institute (NRI) and was donated to Kamakura City in 2002.
Quick real estate news summary for the week
Tokyo’s 3D flood maps rolled out, apartment asking prices rise for 5th month, and Toyota to start building futuristic city in February. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Azumi Setoda ryokan to open in March 2021
A new hotelier has entered the boutique ryokan space in Japan, with their first project in the Setouchi Region to open in March 2021. Azumi Setoda is the first of the Azumi hotel projects - a hotel brand established by Adrian Zecha, founder of Aman, and Kyoto-based hospitality group Naru Developments.
1 in 4 Tokyo office tenants looking to move
According to a survey by MORI Building of companies with headquarters in Tokyo’s 23 wards, 24% of them have plans to lease new office space. This is a 3 point decrease from the previous survey conducted last year.
Yubari Resort to file for bankruptcy citing pandemic-induced tourism downturn
Only a year after purchasing the resort and related hotels, the owner-operator of the Yubari Mount Racey Ski Resort is filing for bankruptcy. The closure of the city’s only ski resort and the only three hotels nearby have devastated the local tourism industry.