Modernist city hall priced too cheaply, critics say
The former Yokohama City Hall, designed by famed architect Togo Murano and built in 1959, is still awaiting a final decision regarding its fate with some arguing that it has been priced too low.
Office vacancy rate hits 7 year high
The average office vacancy rate across Tokyo’s five business districts of Chiyoda, Chuo, Minato, Shinjuku, and Shibuya reached 6.43% in September, up 0.12 points from the previous month and the highest level seen since June 2014 when it was 6.45%.
Touring the most expensive residential land in Japan
The Akasaka/Toranomon district is one part of Tokyo that is beating property price trends, despite the pandemic. It is home to the most expensive residential land in Japan. Exploring the neighborhood will help to explain why it is outperforming the others.
Solar farms may soon be allowed on abandoned land
The government has firmed up details on a proposal to expand the usage options of abandoned land across the country. The goal is to make the land available for disaster preparation facilities, and renewable energy plants.
52-story apartment tower for Nihonbashi
As part of the Nihonbashi 1 Chome East District Redevelopment, a proposal for a 52-story apartment tower and 40-story office tower has been announced.
Tokyo Apartment Sales in September 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of September 2021:
Japan’s high-rise apartment market from 2021 to 2025 onwards
If you were anticipating a post-Olympic slow down in the construction industry you may be in for a surprise. The latest report from the Real Estate Economic Institute shows a total of 280 high-rise apartment buildings either under construction or planned across Japan from 2021 onwards. This is an increase of 77 buildings from the previous report in March 2020.