New earthquake resistant certification in Tokyo
The Tokyo government is introducing a new certification system for residential buildings that can continue to be habitable after a large earthquake. Developers and building association unions can apply for recognition starting in April this year. If a building has the certification, it is thought that the apartments will be easier to market by developers, but actual construction costs will be higher which may result in a higher selling price.Read more
Osaka sees first net inflow of new residents since 1973
The Ministry of Internal Affairs and Communications released information on the migration movements within Japan in 2011 using data from the basic resident registers. Iwate, Miyagi and Fukushima Prefectures each saw a net outflow as residents moved out of the disaster-struck areas. The number of residents moving out exceeded the number of residents moving in to these three prefectures by 41,226. This is the first time since 1970 that the number has exceeded 40,000 residents.Read more
Growing concern over Tokyo's shortage of emergency evacuation centers
- 1.3 million residents will be turned away
- 2.39 million residents will lose their homes
- 4.48 million residents will be stranded until transportation services resume
Tokyo City is currently unable to provide enough emergency accommodation for the temporary refugees that would not be able to return home in the event of a magnitude 7 earthquake hitting Tokyo.Read more
Residents suing Mitsui over liquefaction damage
Approximately 32 residents from Urayasu City, Chiba, are suing Mitsui Fudosan for 700 million Yen after their townhouses were damaged by liquefaction during the Tohoku earthquake.Read more
Singaporean investment fund buys hotel in Okinawa
Singaporean investment fund RECAP (Real Estate Capital Asia Partners) has purchased the CSK Tsubogawa Hotel in Naha City, Okinawa, for an undisclosed sum.
The business hotel was scheduled to open in 2009 but the former owner, CSK Holdings, fell into financial difficulties. Although construction was complete, the hotel never opened. The former owner also built an office building on the adjoining site in 2009, which also remains empty.Read more
Brick warehouse in Gunma at risk of demolition
A 90 year old red-brick warehouse built during the Taisho period in Ora Town, Gunma, is at risk of being demolished in the near future.
The building was once used in the production of "nakanogasuri" - a style of cloth-weaving dyed with wooden patterns, and is now owned by the JA Oura Tatebayashi Agricultural Cooperative (JA). The warehouse suffered structural damage during the Tohoku earthquake and the owner has expressed intent to demolish the structure.Read more
Tepco finds buyer for Suginami sports ground
Suginami-ku announced plans to purchase a 4.3 hectare sports ground in Shimotakaido 2 Chome from troubled Tepco. The Tokyo ward has included the 6 billion Yen acquisition cost in their 2012 budget.
The sports ground includes tennis courts, a baseball field and a running track. Tepco had previously leased the grounds to the ward for local residents to use.Read more