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.
Nintendo to convert former Kyoto HQ into boutique hotel
The 90-year old former headquarters of Nintendo will be converted into a boutique hotel. The conversion project will see the historic building refurbished into a 20-room hotel with a restaurant, and guest gym and baths.
Hiramatsu to open Kyoto hotel in 2020
Hiramatsu, a fine-dining and wedding function company, will be opening a boutique luxury hotel in Kyoto in March 2020.
Kyoto’s former red-light district now a hotspot for investors
Gojo-rakuen, a former red-light district between Gojo and Kiyomizu-Gojo Stations and along the western side of Kamo River, is now a hotspot for fast-moving investors. The neighborhood is undergoing rapid gentrification into a trendy tourist district, while land values are seeing strong growth.
Kyoto’s office shortage is getting dire
Kyoto’s shortage of office space is becoming critical as vacancy rates drop below 1%. With a booming tourist industry, developers have been focusing on building hotels, leaving very little supply of new offices.
Holiday home buyers drawn to Kyoto
Kyoto City is fast becoming a hotspot for out-of-towners buying holiday homes.
New owner for long-abandoned temple in Kyoto
On December 7, 2018, the Shinshu Otani-ha Buddhist movement announced that they were acquiring the former Ryotoku-ji temple in Kyoto City free of charge, and looking to find a new use for the property with the cooperation of Kyoto Prefecture.