Land values drop nationwide for second year, but increase in Tokyo

Japan’s Standard Land Prices were announced yesterday by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT). The national average dropped by 0.4% from last year. This is the second year in a row to see a decline, but it is a slight improvement from last year’s 0.6% drop. The nationwide average has been in the negative for 27 of the past 30 years.

 756 total views,  24 views today

The data is in, and apartment buyers did not flee Tokyo for remote locations in 2020

Various news articles the world over reported on city dwellers fleeing the confines of their urban life in the midst of the pandemic to more regional escapes as large companies became more flexible on remote work arrangements. Tokyo was no stranger to those clickbait articles. And while the stories might be true for some major international cities, buyer behavior in Tokyo shows a less sensational and more grounded reality.

 1,002 total views,  16 views today

One capsule, and maybe more, in Nakagin Capsule Tower Building to be saved

With demolition on the horizon, there are some glimmers of hope that at least one of the 140-odd capsules in the iconic Nakagin Capsule Tower Building might just be spared from the trash heap. 

The goal of one of the preservation groups is to save capsule A-606, both the capsule unit itself and its original interior. There are also plans to build a custom trailer so that the capsule can be towed around to various locations, such as museums, galleries, and universities allowing Kisho Kurokawa’s legacy to be appreciated by all. The estimated cost just to save this one capsule and make it mobile is around 6.5 million Yen (approx. US$59,000).

 814 total views,  4 views today