Fault discovered in Kawasaki apartment building
In what looks to be a disturbing trend, another apartment building under construction has been found to have a serious defect. It was announced on March 31 that a high-rise condominium in Kawasaki City would be partially demolished and rebuilt after cracks were found on concrete pillars on the fourth floor.
Construction had reached the 7th floor when it was discovered that the extra load of the floors was putting too much strain on the 4th floor structural columns causing them to crack and split. Read more
Hiroshima to have tallest apartment building in region
Sumitomo Realty & Development announced the launch of a condominium in Hiroshima that will be the region's tallest apartment building when complete. City Tower Hiroshima will be 192 meters tall and contain 514 two, three and four-bedroom apartments.
Residential apartments will be on floors 13 to 52, with a lobby on level 12. The majority will be 3-bedroom apartments with an internal area of 75 sqm (807 sqft). Read more
The Parkhouse Grand Minamiaoyama Takagicho to be demolished and rebuilt
Mitsubishi Jisho Residence announced that they will be demolishing and rebuilding The Parkhouse Grand Minamiaoyama Takagicho* apartment building after serious construction faults were discovered prior to completion. The construction company, Kajima Corporation, is expected to bear most of the reconstruction costs.
Apartments in the 7-storey condominium in Minato-ku were initially priced from 85 ~ 350 million Yen with an average price of 1,400,000 Yen per square meter. 83 of the 86 apartments were already under contract by December when online message boards began to report rumours of some structural issues with the building. Read more
First apartment building for Osaka's Midosuji Boulevard
After a recent relaxation of zoning rules, Osaka's Midosuji Boulevard will soon see its first apartment building.
Sekiwa Real Estate Kansai - a subsidiary of Sekisui House - is planning have the mixed-use building completed by 2016. The building height is expected to be approximately 100m, with luxury rental apartments on the higher floors. Read more
Park Mansion Akasaka Hikawazaka Sold Out
All 36 apartments in Mitsui Fudosan's Park Mansion Akasaka Hikawazaka have now sold out.
The two and three-bedroom apartments were priced from 164 ~ 680 million Yen. With an average price of 2,190,000 Yen/sqm (2,000 USD/sqft), this is among the most expensive apartment buildings in Tokyo. Read more
Nippon Life acquires site in Minato-ku for 80 billion Yen
Nippon Life Insurance Company has acquired a 7205 sqm development site in front of Hamamatsucho Station for approximately 80 billion Yen (790 million USD). The seller was bus company Kokusai Kogyo. The sale price works out to around 11.1 million Yen/sqm (109,000 USD). Read more
Developer seeks to cancel contracts in luxury Aoyama apartment building after fault discovered
Mitsubishi Jisho Residence is currently in the process of cancelling sale contracts on apartments in The Parkhouse Grand Minamiaoyama Takagicho after a construction fault was discovered.
Just before Christmas in 2013, an anonymous post on an online discussion board mentioned that there had been some core drilling into the concrete. Drilling holes in concrete to take core samples usually indicates a potentially serious problem. Adding to suspicions, Mitsubishi removed the sales page for the project and removed any mention of the new building from their website a few days later. The building still had 3 apartments left for sale.
The message boards lit up with comments from concerned buyers who were desperate for an official response from Mitsubishi.