Increased risk of large quake in Miura-hanto fault group
- Earthquake risk has increased as a direct result of Tohoku earthquake
- 11% chance of Magnitude 6.7 quake occurring within the next 30 years
The Japanese Government's Earthquake Research Committee announced on July 11, 2011, that the March 11 Tohoku earthquake has increased the chance of an earthquake occurring along the Miura-hanto fault group.
It has been predicted that there is a 11% chance that the Miura-hanto fault group will produce an earthquake with a magnitude of 6.7 within the next 30 years. This fault group is classified among the most active faults in Japan.
Experts warn that a large earthquake caused by the Miura-hanto fault group could produce a Read more
"Proud Minamiazabu" to be built on French Embassy site
The 4000sqm site of the former French Embassy in Minamiazabu 4 Chome is about to be redeveloped into a luxury 7-storey condominium apartment complex.
The developers are Mitsui Fudosan Residential and Nomura Fudosan and the construction company is Takenaka Corporation. Nomura will act as the sales agent. The project is currently called the "French Embassy Site Minamiazabu Project" but the final building name may be "Proud Minamiazabu", which will be the latest in Nomura's "Proud Series" of apartments.Read more
Shuwa Residence Series of Vintage Apartments
The Shuwa Residence Series of condominium apartments first appeared on the scene in the mid 1960s. They were developed by Shuwa Corporation, who went bankrupt in the early 2000's. Numerous in number, they can be seen all over Tokyo and are easily recognizable by their white stucco and often blue tiled roof.Read more
Traditional Kominka put up for auction
A 90 year old traditional Japanese gassho-zukuri house was listed on an internet auction site with a starting price of 10 million Yen. However, the house failed to attract any bidders and the real estate agent said they may try listing it again in the near future.Read more
The shift to share-housing
The rule of Japanese only buying new has changed.
Atsushi Miura, head of the Culture Studies Research Institute, is also author of best selling book "Karyu-shakai" (lower classes). His latest work covers the concept of sharing, such as car sharing or job sharing, and explains a new type of expenditure and economy under a 'share' system. He also mentions that the younger generation's decision process when purchasing a house or other consumer item is changing.Read more
Average apartment rent falls by as much as 1.6% in June
Tokyo Kantei released the results of their survey on rent movements for condominium apartments for the month of June, 2011.
Tokyo City:
Average Rent: 2960 Yen/sqm/month - down 0.5% from MayRead more
Yokohama Prince Hotel site redevelopment work commences
Clearing work has started on the site of the former Yokohama Prince Hotel in Isogo ku, Yokohama. The 11 hectare site will have a 1200 unit condominium, commercial facilities as well as a child-care center.
The site is located on the top of a hill and development will include elevator access as well as a tunnel. The five developers working on the project are Tokyo Tatemono, Orix Real Estate, Tokyu Corporation, Itochu Toshi Kaihatsu and Nippon Tochi-Tatemono.Read more