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REAL

The land price for the premise of Yamano Music in Tokyo's Ginza shopping district as of Jan. 1 was the highest among surveyed locations across Japan for the 18th straight year at ¥55.70 million ($368,000) per square meter.
BUSINESS / Economy
Mar 26, 2024
Japanese land prices up for third year, returning to prepandemic levels
Residential land prices in Tokyo, Osaka and Nagoya grew 2.8%, while prices rose 7.0% in the four big regional cities and 0.6% in regional areas.
The Tokyo Garden Terrace Kioicho hotel and office complex in Tokyo's Chiyoda Ward
BUSINESS / Companies
Mar 22, 2024
Seibu may sell 36-story Tokyo office building for ¥300 billion, sources say
Japan's highest value property transaction is currently the ¥436 billion sale by the government in 2022 of its stake in another Tokyo office building.
PSG's Kylian Mbappe celebrates after scoring the team's second goal on Tuesday in San Sebastian, Spain.
SOCCER
Mar 6, 2024
Mbappe double fires PSG past Real Sociedad to Champions League quarters
The electric Mbappe was impossible for Real Sociedad to shackle and his strikes after 15 and 56 minutes pushed PSG into the last eight.
In Tokyo's 23 wards, the average unit price of new condominiums in 2023 soared about 40% from the previous year to ¥114.83 million, topping ¥100 million for the first time.
BUSINESS
Feb 29, 2024
Japan's average condo price hits record high for seventh year in 2023
The nationwide average price was pushed up by rising costs for construction materials and labor.
Takefusa Kubo helped Real Sociedad rally for a win over Mallorca in Palma de Mallorca, Spain, on Sunday.
SOCCER
Feb 19, 2024
Takefusa Kubo scores equalizer as Real Sociedad rallies for win over Mallorca
Kubo notched his seventh goal of the Spanish La Liga season.
Kylian Mbappe has reportedly informed PSG of his intention to leave at the end of the season.
SOCCER
Feb 16, 2024
Kylian Mbappe informs Paris Saint-Germain of intention to leave team
Mbappe declined to activate a clause that would allow him to remain with PSG for another year.
Japan is eyeing a system that would make it easier for rental housing owners to lease their properties to elderly people.
JAPAN / Society
Feb 13, 2024
Certification system eyed for rental housing with elderly watch services
For certified rental housing, watch services would be provided mainly by local social welfare corporations and nonprofit organizations.
Real Sociedad forward Takefusa Kubo (left) vies with Real Mallorca midfielder Sergi Darder in Palma de Mallorca on Feb. 6.
SOCCER
Feb 13, 2024
Kubo extends Real Sociedad contract until 2029
The former Barcelona youth player has slotted in well with the team, scoring nine goals last season.
The Aozora Bank headquarters in Tokyo. The bank surprised investors with losses tied to U.S. commercial property, sending shares down by the limit and heightening concern over global banks' exposure to souring real estate bets.
BUSINESS / Companies
Feb 2, 2024
Gamble on U.S. commercial property blows up for Japan’s Aozora
Shares went down by the limit and heightened concern over global banks' exposure to souring real estate bets.
Evergrande, the world's most indebted developer with more than $300 billion of total liabilities, sent a struggling property sector into a tailspin when it defaulted on its debt in 2021.
BUSINESS / Companies
Jan 29, 2024
Embattled China Evergrande ordered to liquidate by Hong Kong court
A liquidation ruling of the developer which has $240 billion of assets will likely jolt already fragile Chinese capital and property markets.
Australian Tayler Paulsen and her Kiwi husband Neil managed to purchase a fully-equipped lodge in Myoko, Niigata Prefecture, for only AU$110,000 (about ¥10 million).
COMMUNITY / The Foreign Element
Jan 29, 2024
In Niigata, a winter (and real estate) wonderland
For Australians and New Zealanders facing expensive prices back home, Japan’s snow country is a hotbed for cheap real estate.
Condominiums in Tokyo's Chuo Ward
BUSINESS / Economy
Jan 27, 2024
Central Tokyo condo price tops ¥100 million for first time
The record average price was driven by luxury properties and soaring construction material prices.
The average price of a new apartment for sale in Tokyo and surrounding areas surged 29% to a fresh high of ¥81 million in 2023.
BUSINESS / Economy
Jan 25, 2024
Tokyo apartment prices reach record high for third straight year
Prices are expected to keep climbing in 2024 even as the economy slows and the Bank of Japan looks to abandon its negative interest-rate policy.
Past warnings of a housing-market crash in China have never been borne out. But unless the government takes concerted action, this time may well be different.
COMMENTARY / World
Jan 21, 2024
Fixing China’s real estate sector
Housing dreams to economic nightmares, the perils of China's real estate boom.
A worker builds a home in Lillington, North Carolina, in June. Appetite among Japanese companies in the U.S. homebuilding market is growing as they struggle with a declining population at home.
BUSINESS / Companies
Jan 19, 2024
A $4.9 billion Japan deal for a U.S. builder heralds more M&A
Appetite among Japanese buyers in the U.S. homebuilding market is growing as they struggle with a declining population at home.
Real Madrid celebrates after winning the Spanish Super Cup final in Riyadh on Sunday.
SOCCER
Jan 15, 2024
Vinicius hat-trick as Real Madrid thrash Barcelona to win Spanish Super Cup
Vinicius Junior struck a first-half hat trick to fire Real Madrid to Spanish Super Cup glory.
A China Railway employee works at the construction site for the Xiongan station of a new railway connecting Beijing to the area in Hebei province, China, in March 2019. In his annual new year speech, Chinese President Xi Jinping trumpeted the city’s progress saying it was "growing fast” and helping to revitalize northeastern China.
BUSINESS / Economy / FOCUS
Jan 10, 2024
Xi Jinping’s empty dream city shows limits of his power, even in China
The meticulously planned metropolis' slow start underscores the flaws in the Chinese president's plan to tempt people from the capital.
The entrance lobby of Accor's Mercure Tokyo Hibiya, which recently opened in the capital
BUSINESS / Companies
Jan 2, 2024
Backed by tourism potential, hotels keen to cultivate Japanese market
Because Japan was slow to reopen its borders, there appears to be robust, pent-up demand to visit the country.
Workers walk past an underconstruction area with completed office towers in the background in Shenzhen's Qianhai new district on Aug. 25, 2023.
BUSINESS / Economy
Jan 1, 2024
China's strained economy casts shadow over 2024
Last year, the economy was roiled by a real estate crisis, falling consumer confidence, deflation and the disappearance of foreign investment.
Mori Building CEO Shingo Tsuji speaks during an interview in Tokyo on Nov. 30.
BUSINESS / Companies
Dec 15, 2023
Mori’s CEO eyeing the next Roppongi Hills, casino resort in Tokyo
The real estate developer behind the towers that have reshaped central Tokyo’s skyline isn’t done yet.

Longform

High-end tourism is becoming more about the kinds of experiences that Japan's lesser-known places can provide.
Can Japan lure the jet-set class off the beaten path?