Same day sell-out in Proud Funabashi
Sales of new apartments in Nomura Real Estate and Mitsubishi Corporation's "Proud Funabashi" condominium development in Funabashi City, Chiba, have been surprisingly strong with all of the units in the 2nd stage selling out on the same day.Read more
Danchi reconstruction cancelled due to liquefaction
Reconstruction plans for the Sodegaura Danchi public housing project in Chiba's Narashino City have been put on hold as the recent liquefaction in the area caused by the March 11 Tohoku earthquake has deterred potential buyers for apartments in the new project.
The Sodegaura Danchi was built in 1967 and has 250 units. It is built on reclaimed land on Tokyo Bay and is a 45 minute drive from central Tokyo. A 3-bedroom apartment in the complex can be rented for as low as 60,000 Yen/month (780 USD).Read more