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When Taiwan Semiconductor Manufacturing Company (TSMC) announced its factory in Kumamoto, the impact on the local real estate market was immediate. Land prices surged rental housing tightened and an influx of engineers and contractors transformed the town of Kikuyo into one of Japan’s fastest growing property markets. A similar dynamic is now beginning to emerge nearly 2,000 kilometers north. In Chitose, Hokkaido the construction of Rapidus’ advanced semiconductor fabrication

On March 26th, Fukuoka City has unveiled plans for the Hakozaki Green Innovation Campus, a large-scale mixed-use redevelopment on the former site of Kyushu University. The project is scheduled to open in fiscal 2028, will deliver approximately 2,000 housing units, and includes plans for more than 10,000 trees across a district targeting 40 percent green coverage. Full completion is expected in the early-to-mid 2030s. Exterior CG rendering courtesy of the PR times press releas

On March 26th, the Nikkei Shimbun reported that Nagano Prefecture will channel revenue from its lodging tax, set to be introduced in June, into areas with a high concentration of accommodation facilities. The initiative is designed to support both local communities and lodging operators by strengthening regions as hubs for tourism circulation and longer stays. Officials aim to accelerate “accommodation reform” across the prefecture through targeted use of the tax. Under the s

Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) reported that 25.2 percent of Japan’s employed workers now use telework, according to the results of its fiscal 2025 “Telework Population Survey” released on March 24th. The survey, conducted online in October 2025, gathered valid responses from 40,000 workers across the country. Teleworkers were defined as employees whose primary occupation is as a full-time staff member, contract worker, or part-time emp

Japan’s land prices rose for a fifth consecutive year in 2026, with growth accelerating in major metropolitan areas and resort destinations, according to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT). The ministry’s 2026 Official Land Price Survey, released on March 17, examined land values at approximately 26,000 locations nationwide as of January 1, 2026. On a nationwide average basis, land prices rose 2.8% across all land uses, up from 2.7% the previou