Bad news for Tokyo slumlords
As concerns grow over the number of aging vacant houses that pose a risk to the surrounding neighborhood, local wards and cities have begun to introduce regulations that will pressure owners into either repairing or demolishing their derelict properties.
-- Assistance of up to 1 million Yen --
Tokyo's Adachi-ku is densely crowded with wooden-frame houses and small workshops. Much of the area is considered to have a high fire hazard. Adachi-ku was the first ward in Tokyo to enact rules that obligate owners of dilapidated houses to either repair or demolish them. In the event of demolition, the ward will provide up to 1 million Yen (12,000 USD) in aid. Already, two buildings have been demolished under this new rule.Read more