The Ministry of Land, Infrastructure, Transport and Tourism released an interim report for the formulation of a new comprehensive land policy at the Planning Section of the Land Policy Subcommittee on the 26th. The Council reopened in July 2018 to amend the Basic Law on Land enacted during the Bubble Period (late ’80s and early ’90s) and formulate policies that address a society with a declining population. According to the Interim Report, regional revitalization and...
A startup company called “ADDress” has appeared in the housing market offering “all-you-can-live” housing. What does that mean, exactly? Well, just as “all-you-can-eat” means you pay a set amount and can eat as much as you want, and “all-you-can-drink” will have you tying a necktie around your head and dancing on the tabletops for one set price, with “all-you-can-live,” you pay a set amount per month (¥40,000, which is about $365.76) and can choose from...
On November 12, Building Planning Co., Ltd. announced the results of a survey of office buildings in the major areas of the six major metropolises (Tokyo, Nagoya, Osaka, Fukuoka, Sapporo, and Sendai) nationwide in October 2019. The survey targets are office buildings of 100 tsubo (a Japanese unit of real estate measurement equaling about 3.31 square meters, or 35.58 square feet) or more and for which contract rents are for 100 to 300 tsubo. The...
On July 28, JLL (Jones Lang LaSalle Incorporated, an American firm specializing in commercial real estate around the world) announced preliminary figures for Japan’s commercial real estate investment in the first nine months of 2019, up to the third quarter. In the first nine months, it was 3.159 trillion yen (up 2% year-on-year), and in the third quarter it was 0.917 trillion yen (up 9% year-on-year). The first half of the year (January to June)...
A seminar and cross-industry exchange meeting, “Koshigatari,” held by Mr. Takahiro Koshimizu, who owns and operates 66 rental housing units in five buildings in Kawasaki City, Kanagawa Prefecture, was held on the 17th. About 60 people participated. This is the 52nd time it has been held. On the theme of “how to make DIY-capable home property choices in the future,” DIY producer Makiko Ishii and Housemate Management Solutions Business Unit Manager Naoko Ibe gave a...
The East Japan Real Estate Distribution Organization, also known as “Reins,” an organization that operates the central Japanese real estate database, announced a trend in the real estate distribution market in the Tokyo metropolitan area for the period from July to September 2019. The number of contracts for second-hand (already-existing) condominiums in the Tokyo metropolitan area was 9,406 (up 8.3% year-on-year), surpassing the previous year’s results for the fourth consecutive quarter. Q3 was the highest...
The Japan Tourism Agency announced the “Status of Execution of the Housing Accommodation Business Law” on October 10. The law pertains to bed and breakfasts (B&Bs), such as Airbnb. The number of reported residential accommodation businesses was 20,911, which was approximately 9.5 times higher than the 2,210 reported as of June 15, 2018. In addition, the number of businesses abolished was 1,805, and the number of reported houses as of the 10th was 19,106. Based...
The Ministry of Land, Infrastructure, Transport and Tourism will hold briefing sessions at 17 venues nationwide from November 1 on the “Act Revising the Part of the Law Concerning the Improvement of Energy Consumption Performance of Buildings (Revised Building Energy Conservation Law)”. It will be held for businesses that are small-scale (less than 300 square meters) and medium- and large-scale (more than 300 square meters). It will deal with energy conservation of houses and buildings....
An Artist’s Concept Drawing of the (Tentatively-Named) “Yaesu 1-Chōme North District Type 1 Urban Redevelopment Project” Tokyo Tatemono Co., Ltd. moved forward as a member of the Yaesu 1-Chōme Kita District Redevelopment Preparatory Association on the 11th. It was announced that the decision regarding the plan, and the specific project of the National Strategic Special Zone in the Tokyo area, were approved by the Prime Minister. The planned site is located near the Nihonbashi...
On the 15th, the Ministry of Land, Infrastructure, Transport and Tourism announced the real estate price index for June 2019 (housing) and the second quarter (commercial real estate). The 10-year average of the index is 100. The housing index for that month was 113.6 (up 1.5% year-on-year), increasing for 55 consecutive months. Residential land was 101.1 (up 0.3%) and detached houses were 101.7 (down 0.9%). Separately-owned condominiums were 145.5 (up 2.5%). By urban area, the...
