The former home of noted theoretical physicist and Nobel laureate Hideki Yukawa (1907-1981) has been donated to Kyoto University.
750 total views, 6 views today
Hamamatsucho Building redevelopment kicks off after a delayed start
The official groundbreaking ceremony for the Shibaura 1 Chome Project was held on September 28. This project will see the former Hamamatsucho Building replaced with two 235-meter tall towers.
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13-year home loan tax deduction deadline is November 30
With the deadline to apply for the 13-year home loan income tax deduction coming this November, should buyers rush in to purchase or wait to see if it is extended? This scheme allows homebuyers to deduct a percentage of their home loan balance from their income taxes each year for 10 ~ 13 years (the 3-year extension is the one with the looming deadline).
868 total views, 6 views today
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.
1,136 total views, 8 views today
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.
996 total views, 6 views today
Crowdfunding for Mitaka’s most famous apartment building
The Reversible Destiny Lofts MITAKA (In Memory of Helen Keller) has started a crowdfunding campaign to raise money for repairs to the iconic apartment building.
1,131 total views, 10 views today
Real estate assets under management hit highest level in history
Institutional investors both domestic and foreign are piling into Japan’s real estate market. As of the end of June 2021, REITs and private placement funds held a total of over 44 trillion Yen (approx. US$400 billion) in real estate – the highest level in history.
Why Japan and why Japanese real estate?
1,199 total views, 8 views today
Land values drop nationwide for second year, but increase in Tokyo
Japan’s Standard Land Prices were announced yesterday by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT). The national average dropped by 0.4% from last year. This is the second year in a row to see a decline, but it is a slight improvement from last year’s 0.6% drop. The nationwide average has been in the negative for 27 of the past 30 years.
998 total views, 4 views today
Karuizawa home of Nobel Prize winner demolished
The historic holiday home of Nobel Prize for Literature winner Yasunari Kawabata in Karuizawa has been demolished this month. The town had petitioned the current owner to allow the structure to be relocated but was unable to obtain their approval.
1,092 total views, 4 views today
Japan’s largest travel company to sell HQ building
JTB Corporation, the largest travel agency in Japan, is selling off two of its buildings in Tokyo and Osaka in a deal that could fetch tens of billions of Yen. The company has struggled since the start of the pandemic, with travel transaction volume dropping 96% in 2020.
1,049 total views, 2 views today