Quick real estate news summary for the week
A major landlord raises rents, a landmark hotel near Kansai Airport closes, and OYO curtails operations in Japan. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Son sells Tiffany Building in Ginza
As part of their expansion in investment in the Ginza district, real estate company HULIC has acquired the Tiffany Ginza Building from SoftBank CEO Masayoshi Son this month. This was a joint purchase with Fuyo General Lease, a Mizuho Financial Group company.
The ARGYLE aoyama opens
On June 19, the 20-story mixed-use redevelopment of Aoyama Bell Commons reached completion. The 90-meter tall building, named the ARGYLE aoyama, includes office, hotel and retail.
100-yr old post office listed for sale for 1 million Yen
A former post office in Kagoshima Prefecture has drawn a lot of buzz online for its charming appearance and low price, with buyer inspections already fully booked for the rest of July.
Quick real estate news summary for the week
High-rise residents feeling the stress of the pandemic, central Tokyo apartment prices rise against the odds, while housing starts drop. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Rosenka land values increase nationwide for 5th year in a row
On July 1, the National Tax Agency announced the rosenka land values for 2020. Land values nationwide saw a 1.6% year-on-year increase, an improvement from the 1.3% increase seen in 2019 and the fifth year in a row to see growth.
Tokyo approves Kachidoki-Toyomicho high-rise redevelopment committee
On June 30, the Tokyo Metropolitan Government approved the formation of the Toyomi District Town Redevelopment Committee. This committee has been established to create two 189-meter tall apartment towers in the Kachidoki and Toyomicho district on Tokyo Bay.