Taiwan company buys building in Ota-ku for short-term accommodation
Tokyo-based real estate developer, Best Way, has sold one of their apartment buildings in Ota-ku to Taiwanese corporation Wellglory.
The building is currently under construction and due for completion in January 2017. The property was sold in anticipation of a potential further relaxation the the short-term leasing rules in Japan.
Earlier this year Best Way announced that they were building a 5-storey apartment building in Ota-ku that was specifically designed for short-term rentals. The building will contain 17 studio-type apartments. Units will feature connecting doors that allow flexibility and to cater to changing needs from occupants. It will also have additional security features as well sound-proofing and a coin laundry for guests to use.Read more