Nomura announces new "Ohana" apartments
Nomura Real Estate has announced plans to develop a new brand of low-cost condominium apartments under the new "Ohana" brand. While Nomura's most well-known "Proud" series of apartment buildings are typically priced from 50 ~ 60 million Yen per apartment, the "Ohana" apartments will be priced between 20 ~ 30 million Yen (255 ~ 385,000 USD) each. They hope to sell over 1000 apartments per year with an annual sales target of 30 billion Yen.Read more
Yotsuya Co-Plus - Japan's first privately developed condominium apartment
Yotsuya Co-Plus is Japan's very first privately developed condominium as well as the first of the "Co-Plus" series of apartments.
Although the first condominium was the Miyamasuzaka Apartment built in 1953, this was built by the public housing commission.Read more
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