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11/8/2005

Tower mansions surge in popularity

While 30-plus story apartment buildings have been common in the West for decades, development regulations and land-use practices have ironically kept them out of land-starved Japan for most of that time. Those regulations have been relaxed in recent years, however, and with some lucrative property acquisitions Japanese developers have built tower mansions at a dizzying pace.

In contrast to the tiny apartments typical of Japan, tower mansions typically feature more spacious, comfortable rooms, luxurious facilities and attractive views. While first priced strictly for the upper class, the market has expanded to accommodate middle-class buyers in more recent units.

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Posted by Aaron Kavlie in Real Estate | No Comments »


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