Family-type apartments shrinking in size as prices reach upper limits
The typical family-sized 3-bedroom apartment in Japan is said to be around 70 sqm (753 sqft), but it is now becoming increasingly common to see developers offering family-type apartments in the 50 ~ 60 sqm (538 ~ 645 sqft) range. With rising construction and land prices, developers are shrinking apartment sizes in order to keep sale prices within the budget of their target buyers.
This month, Secom Homelife will begin sales of family-oriented apartments in Suginami-ku, Tokyo. 3-Bedroom apartments in Glorio Eifukucho Izumi will be 57 ~ 59 sqm (613 ~ 635 sqft) in size and priced in the 60 million Yen range. 2-Bedroom apartments start from 42 sqm (452 sqft). If apartments in this building were 70 sqm in size, they would need to be priced over 80,000,000 Yen - above the budget of most buyers.Read more