Landowners in the Tsukuda 2 Chome address in Tokyo’s Chuo ward are considering a large-scale redevelopment. Current considerations are for a mixed-use project including a hotel, retail and apartments.
On December 18, Tokyu Land announced the formation of a project agreement with the Next Shibuya Sakuragaoka District Town Area Redevelopment Preparation Committee.
In 2018, the Kansai area was struck by an earthquake in June and typhoon Jebi in September. Although the effects of these two events had very little impact on Kyoto’s tourism industry, they did affect Osaka which saw a drop in visitor arrivals from other Asian countries. STR’s Global Hotel Study for 2018 reported a 7.7% drop in the room revenue index for Osaka, while Kyoto saw a milder 0.2% decrease.
Given that these two cities are only 13 minutes apart by bullet train, why did Kyoto perform better than neighboring Osaka?
On February 22, the Cabinet approved a bill that will allow land with unidentifiable owners to be forcibly sold off by a court-appointed trustee, thereby helping to free up some of the vast swaths of idle land across the country with missing owners.
The Yodoko Guest House in Ashiya, Hyogo, reopened to the public on February 16 after undergoing two years of intensive repairs and restoration work.
This is the only surviving Wright-designed residence in Japan that has remained in largely original condition. The house has a total floor area of 542 sqm (5,832 sq.ft) and sits on over an acre of land.
If you currently own property in Japan, you should be receiving your annual property tax bill this month or next. These taxes are owed by anyone who owns real estate in Japan, be it residential, commercial or otherwise. Those living overseas are taxed the same as those living in the country.
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of March 2019:
Kyoto’s traditional merchant townhouses (machiya, or kyo-machiya) form an integral part of the historic city’s charming streetscapes and culture, yet are being demolished at a shockingly fast pace.
This month, Tokyo-based developer, Global Agents, will open a boutique hotel in a historic 1930s building in Otaru, Hokkaido. The UNWIND HOTEL & BAR Otaru will have hotel rooms ranging from 15 ~ 40 sqm (161 ~ 430 sq.ft), along with a banquet / dining hall. This is the company’s second UNWIND-branded hotel, with the first located nearby in Sapporo.
On January 30, Mitsubishi Estate and Tokyo Broadcasting System Holdings (TBS) announced the formation of business agreement for the redevelopment of the Kokusai Shin-Akasaka Buildings (East, West and Annex). These office towers are located just above Akasaka Station and across the street from Akasaka Biz Tower and the TBS TV Studios.