Larger apartments seeing greater rent increases than smaller studios
Changes in rental prices in greater Tokyo are not uniform, with larger apartments now outperforming smaller, single-occupant housing. This is happening for a few reasons.Read more
Semiconductor manufacturer expanding land acquisitions in Kumamoto
Japan Advanced Semiconductor Manufacturing (JASM), a subsidiary of Taiwan Semiconductor Manufacturing Co. (TSMC), is acquiring more land adjoining its semiconductor factory currently under construction in Kumamoto, according to TBS News.Read more
51-yr old building in Tsukiji transacts for high price
A developer has paid an assumed 17.5 billion Yen (US$125 million) for a 51-year old office building in Tsukiji. The new owner plans to demolish the Shin Hanwa Building and redevelop the site.Read more
Same-day sell out in Harumi Flag high-rises
Apartments in the two high-rise towers in Harumi Flag went on sale earlier this month. A total of 8,790 purchase applications were made on the 573 apartments released for sale, with an average of 15.3 applications per apartment. Lucky buyers were selected via a raffle system.Read more
Invincible to acquire six hotels for 57 billion Yen
Invincible Investment Corporation is acquiring six hotels and resorts across Japan for 57.23 billion Yen (US$410.5 million). The hotels contain a total of 1,027 rooms, and provide an estimated NOI of 5.9%.Read more
Daikanyama housing village sold
Nomura Real Estate Development has acquired the Bess Square housing display site in Daikanyama for an undisclosed price.Read more
Nagoya high-rise on hold as construction costs soar and office market concerns rise
Plans for a 180-meter tall commercial building in Nagoya have been put on hold, according to an announcement made by the developer on July 5.Read more