The theory of CONDOMINIUM
The growing housing complex market is greatly changing in Japan. In the first half of 2007, land prices in the central city rose, and in Tokyo and Kanagawa prefectures, allotment sale unit prices rose by 11.4% compared to the previous year. If limited to the prime area, i.e; the 23 wards in Tokyo, land price unit of 1m2 was approximately 1.10 million, which converts to a 26.9% increase. Because buyers cannot accommodate skyrocketing land prices, home sales decreased. On top of that, many were confused by the implementation of the new building standards law, which in turn caused the supply of new apartment units to decrease. Some developers with too much stock started to postpone some projects.
Under these circumstances, strategies of apartment businesses began to show signs of polarization. Major developers started structuring and planning in the prime areas such as the center of the city or areas near the train station, and began to sell highly priced apartment units fully equipped with utility services, nice interiors, and facilities. On the contrary, middle-, small-sized, or newcomer developers supply reasonably priced apartment units located in the suburbs. Among these, floor heights are compressed and floor-area ratio is ensured to the maximum legal regulations. These apartment buildings are the so-called "crammed type" and the buyers need good eyes to assess the balance between the price and the quality. Because an issue of disguised earthquake resistance was exposed in 2005, apartment buyers also have a tendency to place importance on "security/reassurance" in addition to "location", "space (layout)", and "price". However, it seems like users put too much importance on living "safely" rather than living "comfortably". Also, a lot of people select apartment buildings for a passive reason like "maintenance is easy".
It is essential to coordinate individual residences with your own style and sometimes visit each other's apartments. These kinds of efforts ultimately lead to having a long-term perspective in community maintenance and apartment management. That means having somewhat of a connection with the local community, and not just caring about the building frame quality.