Tax depreciation on overseas real estate to end in 2021
Investing in highly-depreciable real estate overseas will quickly lose its appeal for Japan-based investors as the Japanese government closes a tax loophole.
Nagano ski field closes due to lack of snow, skiers, buyers
The Iizuna Kogen Ski Area in Nagano will close in March due to a declining domestic ski industry and a lack of snow. Nagano City has had no luck finding anyone interested in taking over the 60 hectare ski fields.
Nintendo to convert former Kyoto HQ into boutique hotel
The 90-year old former headquarters of Nintendo will be converted into a boutique hotel. The conversion project will see the historic building refurbished into a 20-room hotel with a restaurant, and guest gym and baths.
Sales in Park Tower Kachidoki to start in June 2020
The latest high-rise apartment project on Tokyo Bay will go on sale from June 2020. Park Tower Kachidoki Mid and Park Tower Kachidoki South form part of a three-tower project on the manmade island of Kachidoki.
The difficulty in selling a house with 1,000+ owners
With over 1000 owners, some heirs to a traditional townhouse in Kyoto have found themselves unable to sell.
Okinawa’s housing starts drop for first time in 5 years
Housing starts in Okinawa in 2019 are likely to see the first decline in five years. Total starts between January and November 2019 dropped 9.4% from the same period in 2018 to 13,854 units. The biggest drop was seen in rental housing.
Tokyo Apartment Sales in December 2019
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of December 2019: