The city of Kyoto is planning to relax building height limits on the southern side of Kyoto Station in an effort to attract more office and residential development.
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Togo Murano-designed hotel in Kyoto to close its doors
Hotel Rubino Kyoto Horikawa will permanently close next March as the prolonged pandemic takes its toll. The hotel was designed by iconic modernist architect Togo Murano and opened in 1972.
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Less than 3% of Kyoto’s machiya avoid demolition
A recent attempt by Kyoto City to save its historic machiya townhouses has only resulted in 5 out of 170 properties avoiding demolition. Back in 2016, a survey found that as many as 800 traditional machiya townhouses in Kyoto were being demolished each year. With an estimated 40,000 machiya in the city, they could vanish within the next 50 years, leaving no trace of the city’s merchant past.
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Foreign investors find Kyoto real estate cheap
According to the Kyoto Shimbun newspaper, offshore investors are out in force buying up real estate in Kyoto, with property prices in the historic city considered comparatively inexpensive.
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Capella Kyoto to open in 2025
On July 5, NTT Urban Development Corporation announced a management agreement with Capella Hotels & Resorts to open Capella Kyoto in the Higashiyama district.
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Mori Trust acquires hotel development site in Gion
On May 1, real estate developer Mori Trust announced the acquisition of 2,300 sqm of land in Kyoto’s Gion district with the aim of creating a luxury hotel of an international standard.
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Nintendo hotel in Kyoto to open this April
The conversion of the historic former Nintendo headquarters in Kyoto will open as a boutique hotel this April. Called ‘Marufukurō’, it is named after Marufuku, the name of the previous corporate incarnation of Nintendo.
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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.
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Luxury hotels fill gap in Kyoto’s high-end hospitality sector
With domestic tourism recovering, luxury hoteliers are focusing their attention on the historic city of Kyoto.
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Historic home in Kyoto donated to university
The former home of noted theoretical physicist and Nobel laureate Hideki Yukawa (1907-1981) has been donated to Kyoto University.
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