The average unit price of new condominiums put up for sale in the greater Tokyo area in 2019 hit a 29-year-high of ¥59.80 million, a private think tank said Wednesday. The average rose 1.9 percent from the previous year to stand at just below the ...
A man who was working at a real estate office in Sapporo has been referred to prosecutors by police for allegedly causing an explosion by emptying deodorizer spray cans last year and injuring more than 40 people nearby. The 34-year-old former Apaman Co. branch manager ...
Reborn Shibuya Parco hopes to regain iconic status amid tough times for brick-and-mortar stores
After a three-year renewal project, Shibuya Parco, an iconic shopping complex in the bustling central Tokyo district, is back in the game. Having been at the vanguard of fashion and youth culture, especially in the 1970s, 1980s and 1990s, the facility, which reopened Friday, largely ...
An executive of a government-certified institution for inspecting compliance with building standards took cash from a housing company in return for favorable treatment, including filling out application forms on its behalf, it was learned Monday. Senior officials at such inspection organizations are generally considered to ...
Renovated Okura Tokyo unveiled to the press ahead of public opening
Renowned for melding East and West, old and new with its architecture and design, The Okura Tokyo opened its doors to the press for the first time Friday after three years of renovations, ahead of its public opening on Sept. 12. "We hope that we ...
Mori unveils ¥580 billion project to bring record-breaking skyscraper and urban greenery to Tokyo
The developer behind Tokyo's landmark Roppongi Hills is betting on another upscale project that has been more than 30 years in the making and will require a ¥580 billion investment. Mori Building Co. unveiled Thursday the details of an urban redevelopment project that will feature ...
Designer Thomas Heatherwick injects green relief into Tokyo's concrete jungle with new Mori project
Construction of a sprawling new property development for Mori Building Co. in central Tokyo, which will house Japan's tallest skyscraper at around 330 meters when completed in 2023, finally kicked off earlier this month after three decades of negotiations with landlords. A key figure behind ...
House-flipper takes advantage of Japan's 8 million-plus empty homes
More than 8 million homes lie abandoned across Japan, a symptom of the declining population and people's migration to major cities. For one company, this isn't just an ominous demographic signal, it is also a business opportunity. Katitas Co. is a house-flipper, deploying a business model ...
Office makeovers focus on comfort and productivity as activity-based working takes hold in Japan
The first thing Hiroaki Ninoyu does almost every day when he arrives at work is head to the meditation room. He begins his half-hour ritual at 7:30 a.m. in a Japanese-style room equipped with soothing sounds and lighting effects. Thanks to meditation, "I can focus on ...
Number of abandoned homes in Japan edges up to record high of nearly 8.5 million
Empty homes now account for 13.6 percent of Japan’s housing stock, with the bulk of them concentrated in Yamanashi and Wakayama prefectures, government data show.
Landlords cry foul as NYC climate bill targets Trump Tower and other skyscrapers
New York City has passed sweeping legislation to curb energy demand from some of its most iconic skyscrapers, including Trump Tower. The legislation, approved 45 to 2 in the City Council Thursday, is backed by Mayor Bill de Blasio and will push owners of residential ...
Both the company and the authorities need to determine why such a large-scale faulty construction was allowed to happen and take steps to ensure such problems aren't repeated in the future.
