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Hulic plans to redevelop the site of the Hands Shibuya store into a hotel after the landmark retail property closes in November 2026. The project marks another shift in Shibuya from large-format retail toward tourism-oriented development. The hotel is expected to open sometime in or after 2030. After its lease agreement with Hands ends, Hulic will demolish the existing building and construct a new one. Photo by Adam German. According to the Nikkei Shimbun, Hulic plans to open

In this May 23rd Squawk Box Asia interview from CNBC, Andrew McCagg of Nomura Asset Management explains why the yen’s move toward 160 to the dollar has become more than just a currency-market story. A weaker yen can support exporters, but it also raises import costs and can pressure household consumption. McCagg argues that Prime Minister Sanae Takaichi wants Japan to satisfy the Domar Condition: the idea that if nominal GDP grows faster than the interest rate on government d

A top-floor unit at Grand Green Osaka THE SOUTH RESIDENCE has sold for ¥4 billion, setting a new record for the highest-priced condominium in the Kansai region, according to details released on May 25th by a joint venture led by Sekisui House. The unit was sold through private advance sales before the project’s general sales launch. The price far exceeds the previous high within the Grand Green Osaka development, where the most expensive unit at The North Residence was priced

Japan’s major real estate brokerages posted broad gains in commission revenue in fiscal 2025, as rising property prices supported transaction value even as deal volumes softened at some firms, according to a new industry survey. Fudosan Ryutsu Kenkyujo, with the literal translation being Real Estate Distribution Research Institute, announced the results of its fiscal 2025 brokerage performance survey on May 22nd. FY2025 refers to the time period from April 1st, 2025 until Mar

AtHome, a real estate information service provider, announced on May 21st that fixed-term lease rents rose broadly across Greater Tokyo in fiscal 2025, with single-person units showing especially strong growth. The report covered residential rental properties listed under fixed-term leases on AtHome’s real estate information network from April 2025 through March 2026. Photo by Haim Charbit on Unsplash In Japan, fixed-term leases expire at the end of the agreed contract period