Same day sellout in Brillia Tower Dojima
One of the most luxurious apartment towers to be built in Osaka is already proving a hit with buyers with all apartments released in the first round of sales receiving purchase applications.
155m tall tower for Dogenzaka, Shibuya
On January 19, the Tokyo Metropolitan Government approved the formation of the redevelopment committee for the Dogenzaka 2 Chome South District Redevelopment. This will see a 155-meter tall tower built near the west exit of Shibuya Station on the Inokashira Line.
Kyoto may be first city in Japan to introduce a tax on empty homes
Kyoto City is looking at introducing a special tax on vacant ‘akiya’ homes, in what could become the first akiya tax in Japan.
Second-hand apartment transactions reach record high in 2021
According to REINS, a total of 39,812 second-hand apartments were reported to have sold across greater Tokyo in 2021, up 11.1% from 2020 and the highest level on record. Second-hand apartment transactions have exceeded those of new apartments, with the total supply of brand-new apartments in 2021 at 33,636 units. The myth of buyers only preferring new construction is well and truly ancient.
New apartment prices in Tokyo’s 23 wards still not at bubble high, but close
In 2021 the average price of a brand new apartment released for sale across greater Tokyo reached the highest level in history, beating a record high set during the asset bubble years of the late 1980s and early 1990s.
Tokyo apartment prices increase for 20th month
The average reported sale price per square meter for a second-hand apartment across greater Tokyo increased for the 20th month in a row in December. Last month, the average sale price was 641,700 Yen/sqm, up 5.3% from the previous month and up 11.6% from December 2020.
No buyers for abandoned hotels
Shuttered and abandoned, the Tenninkyō Grand Hotel in the Daisetsuzan National Park in Hokkaido is one of many dilapidated hotels across Japan that cannot even be given away.