100 condominiums in Sendai City need rebuilding
In Sendai City, a condominium that was seriously damaged by the March 11 Tohoku Earthquake is scheduled to be demolished. Sunny Heights Takasago is a 14-storey apartment building with 189 units. The earthquake damaged the foundations and the building began to lean at a dangerous angle, threatening neighboring buildings. Demolition is scheduled to begin by the end of December and should be completed within 6 months. This is the first case in Sendai City of an apartment building of this size being demolished due to the effects of the Tohoku earthquake, but it won't be the last.Read more
Mito City Hall at risk of collapse
Mito City Hall in Ibaraki Prefecture was seriously damaged by the March 11 earthquake. Results of a recent earthquake-resistance inspection found that the building could collapse if it is hit by another earthquake with a seismic intensity of 6 or higher.
Should the City decide to repair the building by installing a base-isolation system, the repair costs are estimated to reach 7 billion Yen (91 million USD).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
Damage to Cultural Properties in the Great East Japan Earthquake
The following is a list of Japan's designated cultural properties that suffered damage from the earthquake and tsunami on March 11, 2011. In the Tohoku region, a total of 250 cultural properties were damaged, while in the Kanto area, which includes Tokyo, a total of 435 cultural properties suffered damage.
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70 - 80 percent drop in rosenka land values in Tohoku
In order to account for changes in land values due to the March 11 Tohoku disaster, Japan's National Tax Agency (NTA) announced adjustment ratios, or scaling factors, for the 2011 rosenka (prices of land fronting major roads). Along with the 1995 Hanshin Earthquake, this is only the second time in history that adjustment ratios have been introduced.Read more
Real estate companies seeking compensation from TEPCO
Approximately 2000 real estate agents from Ibaraki Prefecture are seeking compensation from Tepco for loss of revenue caused by the various news reports and rumors surrounding radiation levels from the Fukushima Daiichi Nuclear Power Plant in the neighboring prefecture.
On September 13th, the industry group submitted an official letter demanding restitution to Tepco's Ibaraki Office, in what is believed to be Tepco's first case where a real estate group has demanded compensation.Read more