In Kanazawa, 100 historic townhouses are demolished each year

Some of the offerings via the Kanazawa Machiya Information Center.

The historic merchant city of Kanazawa is seeing as many as 100 of its historic machiya-style townhouses demolished each year. And while there are efforts underway to preserve as many homes as possible, there are still some high hurdles that remain.

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Quick real estate news summary for the week

Investors re-start protests outside troubled bank, residential tenants change their priorities, and Kanazawa hotel projects feel the pain of the pandemic. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.

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Kanazawa luxury condo sells out

A luxury condo development in Kanazawa, Ishikawa Prefecture, has sold out. The Residence Kanazawa forms part of a mixed-use project that includes the Hyatt House and Hyatt Centric Kanazawa Hotel. 

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Kanazawa luxury condo now over 60% sold

Sales in Ishikawa Prefecture’s most expensive condominium have gone exceedingly well with the building now over 60% sold. The Residence Kanazawa is located in front of Kanazawa Station and forms part of the Hyatt hotel development.

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Ishikawa Prefecture’s most expensive apartments go on sale

The most expensive apartments developed in Ishikawa Prefecture since the end of the bubble era went on sale last week. The 114 apartments in The Residence Kanazawa will share the building with the Hyatt House Kanazawa hotel.

Apartments in the first round of sales were priced from 30.4 ~ 199.8 million Yen (approx. 270,000 ~ 1,775,000 USD). The largest apartment on offer is a 180.77 sqm (1,945 sq.ft), four-bedroom unit priced at 199.8 million Yen. The building is due for completion by April 2020.

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