On April 12 Daiwa House announced details on their newest and highest grade of custom-built homes aimed towards wealthy buyers. The ‘PREMIUM Gran Wood’ homes are wood-framed houses with construction costs starting from 300,000 Yen per square meter (255 USD / sq ft), not including land purchase costs. With additional options and finishes, construction costs can exceed 600,000 Yen/sqm. The average house is expected to cost a minimum of 50 million Yen (approx. 460,000 USD) to build.

Daiwa is expecting to build 50 of these houses in their first year of sales.

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