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Architects: KEY OPERATION INC. / ARCHITECTS
- Year: 2011
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Photographs:KEY OPERATION INC. / ARCHITECTS + ReBITA Inc.
Text description provided by the architects. In Japan, the lifetime of buildings is very short; they often get scrapped and rebuilt after 30 to 40 years. Recently, however, there are movements to enlarge the market for not only newly built, but also quality pre-owned condominiums, and to extend the lifetime of such residential buildings. Previously owned condominium residences have the following advantages: 1) Prices are less expensive, 2) Prices depreciate less than new construction, and 3) Conditions of the management, maintenance and residents are already known. As for asset value, prices tend not to drop for properties located in proximity to a city center with conveniences and in a good neighborhood environment. In addition, unlike units ready for sale, renovation allows a layout and interior finish to match personal tastes.
