Temple to be demolished and land sold
A temple in Aichi Prefecture will soon be demolished, ending 630 years of history.
Land in Daikanyama sold for 7 billion Yen
On August 26, apparel company Onward Holdings announced the sale of two properties in Tokyo’s Minato and Shibuya wards.
Tokyo apartment rents drop across all size ranges
According to the latest data on the residential rental market provided by AtHome, the average advertised rent across all four apartment types saw a year-on-year decline in Tokyo’s 23 wards.
Real estate investment drops 25% in first half of 2021 as supply shrinks
The total volume of commercial real estate investment across greater Tokyo in the first half of 2021 fell 25% from the same time last year as fewer deals were made available.
Luxury hotelier to pay 1.5 billion Yen for historic site in Kyoto
The operator of a luxury, boutique hotel in Hakone has been selected as the successful bidder for a historically significant site in Kyoto City.
Game museum and office tower for Yokohama
A real estate developer and video game company have joined forces to develop a high-rise office tower and game museum in Yokohama’s Minato Mirai 21 waterfront district.
New apartment supply drops 6% in July
The supply of brand new apartments released for sale across Greater Tokyo in July dropped 6.2% from last year, resulting in the first year-on-year decline in eight months. This is due to developers having released most of their projects in the first half of the year to meet high demand from buyers.