News On Japan

High-End Apartments Sprout in Osaka's Umeda

OSAKA, May 18 (News On Japan) - The Umeda area in Osaka is seeing a surge in high-rise apartment construction, including a 49-story residential skyscraper south of JR Osaka Station.

The Brillia Tower Dojima, with its distinctive yacht sail-inspired exterior, houses 457 units. Prices start at approximately 50 million yen, with the highest-priced unit at an astounding 1.08 billion yen.

Yamamoto Maho, Reporter: 'The top floor, accessible only to residents, offers a panoramic view of Osaka City. I wish I could live here too!'

The building features amenities such as a lounge and fitness room. Of the 376 units already on sale, 373 have been sold.

Hitoshi Nomura, President of Tokyo Tatemono: 'We are delighted to have completed a flagship property for Kansai.'

Currently, similar luxury tower apartments are being built around Umeda.

Mika Kasamatsu, Deputy Editor-in-Chief of SUUMO: 'A 40-story building with over 500 units is planned here.'

Near Brillia Tower Dojima, another 40-story tower apartment is under construction. According to real estate website SUUMO, within a 15-minute walk of six stations in the Umeda area, 13 apartments with a total of over 3,000 units have been built over the past six years since 2017.

Umeda, where the first JR Osaka Station was completed 150 years ago, has long been the largest terminal in western Japan, with numerous commercial facilities and office buildings. Why is there now a surge in apartment construction in this prime commercial area of Kansai?

Kasamatsu: 'Umeda has traditionally been seen as a commercial hub and an office area, but it's increasingly being viewed as a residential area where people can live and work nearby.'

Additionally, younger generations are focusing on the high 'asset value' of the area. In a survey asking about the most desirable places to live in Kansai, Umeda ranked first for three consecutive years, surpassing Nishinomiya-Kitaguchi and Kobe-Sannomiya.

This trend is further accelerated by the development of the 'Ume-kita Phase 2' area north of JR Osaka Station, set to open in September. Two tower apartments will be built near a vast park, almost the size of Koshien Stadium.

As Umeda transforms into a residential area, a challenge emerges.

Kasamatsu: 'While the population in Osaka City is rapidly increasing, suburban areas are experiencing a decline, which raises concerns about Osaka City becoming overly dominant.'

The redevelopment of Umeda could invigorate the entire Kansai region. This remains to be seen.

News On Japan
POPULAR NEWS

An elderly man in Tokyo’s Itabashi Ward died on New Year’s Day after choking on mochi, prompting the Tokyo Fire Department to issue a safety warning.

A draw for the Year-End Jumbo Lottery, with a total prize of 1 billion yen for the first prize and related prizes combined, was held in Tokyo on December 31st.

Reports of rodent infestation have surged nationwide in recent years, posing increasing challenges for homeowners. The issue, which is particularly evident during the year-end season, has left many families struggling to find effective solutions.

This year, the number of foreign residents in Japan surpassed 3.5 million, marking a record high. In Tokyo’s "Little India," there may be clues on how to build a harmonious coexistence.

Influenza infections in Tokyo have reached alarm levels for the first time in six years. As the virus spreads, restaurants and hotels are struggling with a surge in last-minute cancellations during their peak earning season.

MEDIA CHANNELS
         

MORE Business NEWS

The Tokyo Stock Exchange concluded its final trading session of the year, with stock prices narrowly missing the key 40,000 mark.

The man who led the Japanese automaker Suzuki Motor for more than 40 years as president and chairman has died. Suzuki Osamu was 94 years old. (NHK)

The Ministry of Health, Labour and Welfare announced finalized data from its Monthly Labour Survey, revealing that real wages, adjusted for inflation, decreased by 0.4% in October compared to the same month last year. This marks the third consecutive month of decline.

The individual-type defined contribution pension system, known as iDeCo, which offers tax-saving benefits, has sparked controversy online, with the phrase "iDeCo reform" trending on social media.

Former Nissan Motor Chairman Carlos Ghosn says if Nissan and Honda Motor integrate their businesses, the outcome would not be successful. (NHK)

The former head of Japanese precision equipment maker Olympus has admitted to purchasing illegal drugs on the first day of his trial in Tokyo. (NHK)

Honda and Nissan Motor Co. reported on December 23rd to government authorities that they have entered full-scale discussions on a management merger, according to senior officials in the economic ministries.

The number of aesthetic clinics in Japan, offering services like skin enhancement, has surged by 40% over the past three years. A growing trend, known as 'Chokubi,' involves newly trained doctors immediately joining aesthetic clinics after completing their clinical internships.