Tokyo apartment contract ratio drops below 70%
October 19, 2012New Construction,Real Estate News,Market Information,All
According to the Real Estate Economic Institute, the number of new apartments released for sale in September in greater Tokyo (Tokyo, Kanagawa, Saitama and Chiba) dropped 9.3% from last year to 3,366 units.
The contract ratio for the month was 69.3%. This was the first time in 13 months where the ratio fell below 70%. A ratio below 70% is considered to be a sign of a slump in demand.Read more
Sendai's property bubble
October 17, 2012Tohoku,Sendai City,Japan investment propertiesOther Properties,Real Estate News,All,2011 Tohoku Disaster
Somewhat sensationalist magazine Nikkan SPA has reported that Sendai is experiencing a property bubble brought on by the reconstruction work following the Tohoku disaster.Read more
Lose weight and pay less rent?
October 15, 2012Share houseReal Estate News,Rental Market,All,Osaka
One share house in Osaka has come up with a unique concept of combining weight loss with rent. The 'Beauty&Diet Ladies Sharehouse' in Suita City is offering tenants a discount of 1,000 Yen off their monthly rent for each kilogram they lose while living in the house.
The monthly rent charged to each tenant is calculated by how much they each weigh. For every 1 kg, you are charged 1,000 Yen/month in rent. Lose weight, and your rent goes down. The landlord, Broad Enterprise, believe this might be the first of its kind in the world.Read more
Rent a house in a UNESCO World Heritage area for just 10,000 Yen/month
October 13, 2012Traditional Japanese House,Gokayama,Toyama Prefecture,Historic properties in Japan,UNESCO World Heritage ListHistoric Properties,Rental Market,All
A 88-year old house in Gokayama has been listed for rent at just 10,000 Yen/month (127 USD) in a bid by Nanto City to entice families to the area.Read more
Uenoshita Dojunkai Apartments to be demolished
October 12, 2012dojunkaiDemolition,Historic Properties,Real Estate News
The last remaining 'dojunkai' apartment building, Uenoshita Apartments, will be demolished next year to make way for a new 14 storey condominium developed by Mitsubishi Jisho Residence.
The head of Taito-ku gave approval on October 9 for the formation of the reconstruction committee.Read more
Hokkaido facing difficult task of regulating transactions on forestry
October 10, 2012Land,Real Estate News,Hokkaido,All
Regulations requiring advance notification of the sale of land containing a water source came into effect on October 1st, but Hokkaido is already facing the difficult task of identifying and contacting land owners.
In Hokkaido, 53 areas were designated for water resource preservation. Correspondence has been sent to the 4,000 affected land owners, but only 60% could be contacted. The whereabouts of the remaining land owners remains unknown.Read more
Interest in uninhabited islands skyrockets following Senkaku dispute
October 8, 2012Iriomote Island,Tropical Islands for SaleReal Estate News,All
There are growing calls for regulation of the sale of Japan's islands as interest from buyers is booming following the latest saga in the Senkaku / Diayu Island dispute.Read more