Danchi

The government is considering revising the redevelopment voting ratio downwards for apartment buildings that form part of urban redevelopment projects.

Under the Urban Renewal Act, 100% of apartment owners must agree, in principle, before the building can be redeveloped. The government wants to reduce this ratio to a 2/3rd vote in favour, but only when the redevelopment includes some public component such as a park.

The revision will target the large-scale housing developments that were built during Japan’s period of rapid economic growth following WWII, and which are now in varying stages of deterioration. Residents, too, are ageing and it is hoped that new apartment buildings will attract younger families.

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