Former Tsukiji Fish Market to become a conference center
February 19, 2019Tsukiji,Tsukiji Fish MarketReal Estate News,Redevelopment & Reconstruction,All,Hotel News,Tokyo
The Tokyo Metropolitan Government is firming up plans to redevelop the former Tsukiji Fish Market in downtown Tokyo into an international conference and exhibition center. Earlier rumors had suggested the site could become a sports stadium, shopping mall or a food-based theme park.
Hotel Okura to replace South Wing annex with high-rise apartments and office
February 18, 2019Roppongi,Japan Hotel News,Hotel Okura Tokyo Redevelopment,Toranomon,Hotel Okura TokyoDemolition,New Construction,Office/Retail News & Information,Real Estate News,Redevelopment & Reconstruction,All,Hotel News,Tokyo
The last vestige of Hotel Okura’s modernist presence is in line to be demolished as redevelopment plans surface for the Hotel Okura Tokyo’s annex (South Wing).
The most expensive apartments in Tokyo over the past 30 years
On January 26, Recruit Sumai Company released a ranking of the most expensive condominiums developed across Tokyo over the past 30 years. Not surprisingly, the most expensive apartments were all built during the bubble years in the early 1990s. The list is missing a few recent high-priced condos such as Toranomon Hills (3,000,000 ~ 4,000,000 Yen/sqm), Park Mansion Roppongi Hinokicho-koen (up to 10,000,000 Yen/sqm), and Branz Roppongi The Residence (2,800,000 Yen/sqm).
Japan’s economy hits longest expansion phase since WWII
Japan is currently believed to be experiencing the longest consecutive economic expansion since the end of WWII. The Japanese government’s monthly economic report issued on January 29 noted economic expansion has continued for the past 74 months, starting in December 2012, beating a previous record of 73 months seen between 2002 and 2008.
City in Kyushu buys former Yakuza office
February 11, 2019Japan Foreclosed Properties,Foreclosures in Japan,Kyushu,Saga PrefectureReal Estate News,All
Karatsu City in Saga Prefecture has purchased a former Yakuza office at a public auction. The city acquired the property at the request of both prefectural police and the prefectural bar association to prevent it from falling back into criminal hands.
Net bank finds buyers fraudulently using home loans for investment properties
February 8, 2019Real Estate News,All,Home Loans / Mortgages
A major online bank in Japan has found several cases of mortgage fraud where borrowers have lied on their loan applications in order to obtain low interest rate home loans on investment properties.
Aman to open Kyoto hotel in November
February 7, 2019Japan Hotel NewsReal Estate News,All,Hotel News,Kyoto
On February 5, Aman Resorts International announced that they will open Aman Kyoto on November 1, 2019. This will be the third Aman hotel to open in Japan. Aman had been eyeing Kyoto as a key destination for the hotel brand since 2006.