LeoPalace21 Admits to Insufficient Fireproofing in Another 1,300+ Buildings, 7,700 Tenants Urged to Move

In a new scandal, LeoPalace21, the operator of over 30,000 budget apartment units across Japan, announced on February 7th that it has confirmed construction failures in walls and ceilings of 1,324 apartment buildings it operates in 33 prefectures. This admission... More

Market Trends

How much does a new condominium cost in Tokyo? The 2018 Average Sales Price Numbers Are In

The average sales price of a new condominium in the Tokyo 23 Wards rose last year to ¥71,420,000 ($649,273), a year-on-year increase of 0.7%. This is according to data recently released by the Real Estate Economic Institute (REEI), a Tokyo-based think... More

Vacant Homes in Japan

Akiya Bank Japan Vacant House Database to Now Include Govt Public Assets: Ministry of Land

Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has announced that it will now make “for sale” and “for rent” public assets searchable online on the akiya (vacant house) websites currently operated by HOMES (Lifull) and AtHome. These public... More

Market Trend in 2019

Osaka and Kansai Condominium Market Forecast 2019: Plus Sales Prices for 2018

The Real Estate Economic Institute (REEI) has released its 2019 forecast for supply trends in the new condominium market for the Kansai region, which consists of the prefectures of Nara, Wakayama, Kyoto, Osaka, Hyōgo and Shiga. Kansai Region Forecast For... More

What's Up in 2019

7 Trends & Events that Will Shape Japan and the Japanese Real Estate Market in 2019

Japan endured a tough 2018. The kanji chosen to represent the year was “disaster” (災), to underline the numerous natural disasters that struck the country. No one knows yet what 2019 will hold, but we believe that the following seven... More

Market Trends

Tokyo Condominium Market Forecast 2019: Where Are Supply & Sale Prices Headed?

The Real Estate Economic Institute (REEI) has released an optimistic 2019 forecast for supply and price trends in the new condominium market for the greater Tokyo area, which includes Tokyo and the prefectures of Kanagawa, Chiba, and Saitama. Supply in... More

Architecture and Design in Japan

House in Miyamoto, Osaka Designed by Tato Architects Named 2018 House of the Year

An ingenious open-concept house called the “House in Miyamoto” has been named 2018’s House of the Year by Dezeen, an international architecture and design magazine. The house, located in Osaka, was designed by Kobe-based Tato Architects’s Yo Shimada, who created... More