Tokyo Apartment Sales in December 2020
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of December 2020:
Quick real estate news summary for the week
Saitama tops net inflow of residents, Hotel Grand Palace to suspend operations, and rental brokerages see drop in transactions. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Kyoto sells hotel development site near Nijo Castle
Kyoto City is selling a 3,000 sqm site on the northern side of Nijo Castle to real estate developer Open House Co., Ltd. The developer is planning to open a low-rise hotel in 2024.
Art museum to open on 43-acre estate in Kamakura
A prominent jewelry company has been selected to open a jewelry-themed art museum on a 43-acre estate in Kamakura. The city-owned land was originally owned by the Nomura Research Institute (NRI) and was donated to Kamakura City in 2002.
Quick real estate news summary for the week
Tokyo’s 3D flood maps rolled out, apartment asking prices rise for 5th month, and Toyota to start building futuristic city in February. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
1 in 4 Tokyo office tenants looking to move
According to a survey by MORI Building of companies with headquarters in Tokyo’s 23 wards, 24% of them have plans to lease new office space. This is a 3 point decrease from the previous survey conducted last year.
Yubari Resort to file for bankruptcy citing pandemic-induced tourism downturn
Only a year after purchasing the resort and related hotels, the owner-operator of the Yubari Mount Racey Ski Resort is filing for bankruptcy. The closure of the city’s only ski resort and the only three hotels nearby have devastated the local tourism industry.