Instant sellout in The Tower Yokohama Kitanaka

All 730 apartments offered in the first round of sales for The Tower Yokohama Kitanaka have been sold. This was the highest number of apartments to have ever been released for sale in a building in Yokohama city in history. The 58-storey, 1,176-unit high-rise is also the largest building based on apartment-count to be built in the city since 1993.

Apartments were priced from 45 ~ 800 million Yen, with an average price of 1,200,000 Yen/sqm. The 212 sqm, 800 million Yen apartment has been the most expensive new apartment to have ever been sold in Yokohama.

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Yokohama may ban short-term letting on weekdays

Yokohama City is following in Shinjuku’s footsteps by proposing to introduce a ban on short-term Airbnb-style letting on weekdays. The plan would prohibit minpaku rentals from Mondays through Thursdays in areas zoned as Exclusively Low-Rise Residential. The plan will be open to public comment until December 19, with the draft to be submitted to the city council in February 2018.

Approximately 31% of Yokohama City’s area is designated as an Exclusively Low-Rise Residential Zone. The reasoning for the week-day ban is to ensure a peaceful environment for those who work during the week and do not want their neighborhood interrupted by travelers while trying to rest on weeknights.

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Apartments in The Tower Yokohama Kitanaka to go on sale this weekend

Over 60% of the apartments in Yokohama’s tallest condominium will go on sale this weekend, in what will be the highest number of apartments to have ever been released for sale in a building in the city. The Tower Yokohama Kitanaka is a 58-storey, 200m tall apartment building located in front of Bashamichi Station and close to Yokohama’s waterfront district.

A total of 730 apartments will be available for purchase in the first round of sales starting from November 25.  With a total of 1,176 apartments in the building, this building is the largest based on apartment count to have been developed in the city since 1993.

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The Kahala Hotel & Resort to open in Yokohama

Resorttrust Inc, a Nagoya-based hotel operator and developer, is planning to open The Kahala Hotel & Resort Yokohama in the city’s waterfront district of Minato Mirai by 2020.

Resorttrust plans to capitalize on the Kahala brand-name to attract both domestic and foreign tourists. The project will include two 14-storey hotels – one that is open to the general public, and one that is a members-only hotel. The smallest room will be a 50 sqm suite that is expected to be 100,000 Yen (890 USD) per night. There will also be four rooms of 120 sqm each that will be priced at around 300,000 Yen (2,675 USD) per night.

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