Former Tsukiji Fish Market to become a conference center

THE FORMER TSUKIJI FISH MARKET IN AN UNDATED PHOTOGRAPH VIA GOCHO CONSTRUCTION INDUSTRY

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.

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The most expensive apartments in Tokyo over the past 30 years

Park Mansion Roppongi

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). 

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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. 

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City in Kyushu buys former Yakuza office

Image via Saga TV

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. 

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Net bank finds buyers fraudulently using home loans for investment properties

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. 

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Aman to open Kyoto hotel in November

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.

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