Reconstruction vs. long-life maintenance. What is the fate of your apartment?
The condominium market is facing a dilemma - to rebuild or to maintain.
The Japanese Government has enacted laws promoting both long-life construction methods and reconstruction. While there is the Basic Act for Housing and the Law on Promoting the Spread of Long-term Housing to ensure and improve stable housing and to promote the construction long-lasting buildings, there are also laws such as the Apartment Reconstruction Facilitation Law to enable and support building reconstruction.Read more