Until just more than a year ago, Japan’s real estate sector was enjoying a much-awaited renaissance that saw the opening of posh hotels, high-end boutiques and luxury condos all over Tokyo.
Even this year, still riding on a wave of enthusiasm for Tokyo as a business hub, the Shangri-la opened its first hotel in Japan near Tokyo Station while the Marunouchi Park Building, a massive new landmark in the centre of the business district, complete with museum, is poised for its grand opening in the spring.
