#Japan’s Builders getting more attraction with #quake resistant features
March 11 earthquake has changed property buyers’ way of thinking. They are looking at how strong the ground and structure of the building cited from the recent Bloomberg news report.
Mitsui Fudosan Co. (8801) and Mitsubishi Estate Co. (8802), Japan’s two- biggest developers, are adopting higher quake-absorbing methods to reduce motion during temblors in buildings taller than 20 stories.
After the disaster, demand for residential properties in central Tokyo rises due to limited emergencies supply and rising preferences to avoid being stranded when the next quake hits. Hence, developers are building apartments with better fuel reserves power and more emergency kits for each floor of buildings.
Coincidentally, there will be a “Country Focus” session at Real Estate Investment World Asia 2012 that will talk about impact of quake aftermath and political change on Japan’s economy and property sector. Download the sneak preview for a glance at the event’s highlights.