Asahi Kasei Fudousan Residence Corp will be rebuilding two small apartment buildings in Shibuya-ku.

The first is "Udagawacho Jutaku" (3-3 Udagawacho) which is located alongside "Shibuya Koen Dori Avenue and next to the Shibuya Tobu Hotel. The street includes stores such as Parco, Gap and Opening Ceremony. The current 7-storey building has just 16 apartments and was completed in 1961. Approval from all apartment owners was obtained in September 2010 and demolition began last month.

This content is available to paid subscribers only.

Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However, gathering and preparing this content takes hours and hours each week. By joining our monthly subscription service, you can access over 3,100 articles dating back 14 years. Best of all, you’ll be supporting us in our endeavor to continue to provide investors with on-the-ground, expert information.

To join our paid subscription service and access over 3,100 news articles on Japan's real estate market, please register here.

Already a paid member? Log-in using your details below.