MUJI converts 100-yr old farmhouse into holiday rental
Home goods retailer MUJI’s operating company Ryohin Keikaku has converted a traditional kominka farmhouse into a short-term stay. Muji Base Kamogawa is the first of the Muji Base-branded accommodations targeting vacant ‘akiya’ and can be found on AirBnb.Read more
[Foreclosed] House in Chiba’s ‘Beverly Hills’
A 4-bedroom house in One Hundred Hills (Chiba Prefecture’s version of Beverly Hills) has been foreclosed on and will go up for public auction in May. The minimum bid is set at 51,656,000 Yen.
*Update: The winning bid was 65,126,000 Yen. Three bids were submitted and the winner was a corporate buyer.
One Hundred Hills is a high-end residential estate that was developed by Tokyu Land in the late 1980s. The first homes in the neighbourhood were between 400 ~ 500 sqm (4300 ~ 5380 sqft) in size and were priced from 500 million ~ 1.5 billion Yen when new. Tokyu had subdivided the 17 hectare estate into 60 lots and had sold 24 of the 49 homes they had built by the time the bubble burst. Read more
Land in Tokyo Disney Resort sold for 9.3 billion Yen
Oriental Land Co., Ltd. have acquired a 23,000 sqm site within the Tokyo Disney Resort for 9.3 billion Yen (404,350 Yen/sqm). The seller is the Dai-ichi Life Insurance Company - a major shareholder in Oriental.Read more
All 1497 apartments now sold out in Proud Funabashi
All 1,497 apartments in Nomura's 'Proud Funabashi' development in Chiba have sold out. Nomura received a total of 2,919 purchase applications, and over 24,000 people visited their sales showroom since its opening in June 2012.Read more
Chiba's own "Beverly Hills"
One Hundred Hills is an American-style gated residential estate developed by Tokyu Land in Midori-ku, Chiba City. Sales began at the peak of Japan's economic bubble in 1989, but the developer is still selling vacant lots in the subdivision.Read more
Farmer donates land to Kashiwa City
A farmer in Kashiwa City, Chiba, has donated a 5350sqm block of land to the city to be used for a children's playground and as an emergency evacuation site.
The land has a market value of approximately 640 million Yen (8.3 million USD). It is 700 meters from JR Minami Kashiwa Station and is adjacent to the Shintomicho residential neighborhood.
Mr. Ryoichi Iinuma's request is that the land is used for the benefit of the community and is not subdivided. The block adjoins Mr. Iinuma's home and is currently planted with chestnut trees.Read more