Apartments in Tokyo continue to shrink in size
Struggling to find a large apartment to buy in Tokyo? There’s a good reason for that.
Brand new apartments over 100 sqm in size supplied across greater Tokyo in 2019 accounted for just 1.9% of total supply. This is a slight improvement from the 1.3% share in 2018.
Chongryon branch in Kyoto up for foreclosure
The Kyoto branch of the General Association of Korean Residents in Japan (Chongryon), has been foreclosed on with public bidding to be held from February 13 ~ 20.
New housing starts drop 4% in 2019
New housing starts across Japan in 2019 dropped 4.0% from the previous year to 905,123 units. This is the third year in a row to see a year-on-year decline. This was primarily due to a tightening on lending for investment-type apartment blocks after a widespread loan fraud scandal came to light in 2018.
Another real estate company facing mortgage fraud allegations
The Nikkei Shimbun newspaper broke the story of yet another real estate company that is alleged to have been signing up buyers for home loans on investment properties. The news caused the company's share price to plummet by as much as a third in the week following the news report.
Japanese developer aquires partial share of luxury Yoyogi rental
Real estate developer Rebita has acquired a partial ownership interest in luxury rental complex Grosvenor Place Kamizono-cho.
New guidelines to define stigmatized properties
The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) is planning to create clear guidelines regarding the sale and rent of stigmatized properties. Currently, confusion and uncertainty about what is and isn’t a psychological impact have led to numerous disputes between tenants and landlords.
Blackstone buys back portfolio in largest real estate deal in Japan’s history
US equity firm Blackstone Group has paid around 300 billion Yen (approx. US$2.75 billion) to buy back a portfolio of real estate assets across Japan in what is the biggest single real estate transaction in the country’s history.