International dispute sees Nagasaki property sit idle for a century
In Nagasaki’s former foreign settlement sits an overgrown lot filled with as many as 30 buildings, many of them abandoned and falling down. While vacant ‘akiya’ properties are not an unusual sight, this particular one is part of an ongoing international dispute between Russia and Ukraine over former Soviet property.
Fukui Prefectural Governor’s residence may soon be for sale
Fukui Prefecture is planning to sell off the official prefectural governor’s residence. The 26-year old building is showing signs of age and deterioration, while running costs are increasing. The property has been vacant for over a year as the current governor decided to live in their own personal home.
New apartment price in Tokyo reaches highest level in history
The average price of a brand-new apartment released for sale across greater Tokyo in January has jumped 47% from last year and has reached the highest level seen since record-keeping began in 1973.
Hilton to bring LXR brand to Kyoto
On February 4, Hilton announced plans to open an LXR-branded luxury hotel in Kyoto. The resort will be located within the 28-acre Shozan Resort Kyoto on the site of a former bowling alley.
Remaining apartment inventory in central Tokyo drops for 2nd month in a row
According to REINS, a total of 2,680 second-hand apartments were reported to have sold across greater Tokyo in January 2020, up 0.5% from last year. The average sale price was 36,720,000 Yen, up 11.5% from last year. The average price per square meter was 562,900 Yen, up 9.4% from last year. This is the 12th month in a row to record a year-on-year increase in sale prices.
Apartments in Tokyo continue to shrink in size
Struggling to find a large apartment to buy in Tokyo? There’s a good reason for that.
Brand new apartments over 100 sqm in size supplied across greater Tokyo in 2019 accounted for just 1.9% of total supply. This is a slight improvement from the 1.3% share in 2018.
Chongryon branch in Kyoto up for foreclosure
The Kyoto branch of the General Association of Korean Residents in Japan (Chongryon), has been foreclosed on with public bidding to be held from February 13 ~ 20.