Tokyo developer buys site near Furano ski slopes
A Tokyo-based developer has acquired land near Furano’s Kitanomine ski slope with plans to develop a hotel or hotel-condominium.Read more
Sapporo’s office vacancy rate is on the rise
The office vacancy rate in Sapporo’s business district has recently hit an eight-year high. According to Miki Shoji, the vacancy rate was 4.08% in September 2024, up 1.22 points from last year. In existing buildings, the vacancy rate was 2.94%, and in brand-new office buildings it was 49.37%.Read more
Nationwide land values increase for 2nd year in a row
The nationwide Assessed Land Values (koji-chika), as issued by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) saw a year-on-year increase in 2023. This is the second year in a row to see an increase. The growth is apparent not only in urban centers, but is also spreading to regional areas as the country emerges from the pandemic.Read more
Hokkaido city struggling with abandoned buildings
Kushiro City in Hokkaido is struggling with a growing number of vacant and seemingly-abandoned buildings in the city center.
Sapporo’s most expensive apartments go on sale
Like other cities across Japan, Sapporo is no stranger to rising home prices. New apartment prices have risen by 37.3% over the past ten years. One new luxury condominium in the city has gone on sale this June with all apartments priced over 200 million Yen.
New brand moves into historic hotel in Otaru
Boutique ryokan developer and operator Hoshino Resorts has taken over a bankrupt hotel in Otaru, Hokkaido, with plans to re-open it this winter under their OMO brand.
10 billion Yen resort development for Hanazono, Niseko
Apex Property Limited, a Hong Kong developer founded by two female entrepreneurs, is launching a major resort and holiday villa project in Niseko’s Hanazono district.