4-point checklist when buying an older apartment
If you are thinking of buying an older, secondhand apartment in Japan, these are some of the important factors that you need to consider:
[1] What are the building's common areas like?
When inspecting an apartment, it is important that you thoroughly check the building's common areas including the entrance, bicycle and car parking, hallways, garbage disposal room and rooftop (if possible). If a building is well managed and maintained, it will be evident in the common areas. If, however, it is unclean or looking run down, it could be a sign that the building is not being property cared for. Read more
All 874 apartments in Osaka high-rise sold out prior to completion
All 874 apartments in the Osaka Hibiki-no-machi The Sanctus Tower have sold out two years prior to completion.
The 53-storey residential tower is being developed by Orix, Daikyo, Keihan Dentetsu Realestate, Daiwa House and Osaka Gas Urban Development.Read more
Pembroke to redevelop site opposite Tokyo Midtown
Pembroke Real Estate will soon be embarking on their first redevelopment project in Japan - a 14-storey retail/commercial building in Roppongi 7 Chome. The site is in a prime position alongside Gaien-Higashi Dori Avenue and directly across from Tokyo Midtown.
The 4,000 sqm development site was originally several smaller parcels of land. Pembroke began purchasing the various buildings from around 2007 onwards. The site temporarily housed the 'Mercedes Benz Connection' concept showroom and is located next door to a building housing the headquarters of the Inakawa-gai yakuza group.
Mgmt association seeks to ban owner from using apartment as sharehouse
The management association of an apartment building in Azabu Juban have filed a request with the Tokyo District Court to ban a real estate company from operating an 8-room share house out of one of the apartments.
The association believes that the share house configuration violates the condominium ownership law and building standards act.Read more