Why a real estate expert declares that criticism of “tower condominiums” is “the howling of losers by people who can’t afford them”.
Over 500 million yen… “Billionaire’s Apartments” are not even a topic of conversation anymore.
On social networking sites and in online articles, the discourse that “property values will continue to rise” and the discourse that “they will be abandoned in a few decades” are both being held up. Now that prices in the hundreds of millions of yen are commonplace, those who are considering the purchase of a tower condominium are probably wondering which of these two theories is correct.
In this article, real estate and finance writer Heki Nanami explains the safety aspects of tower condominiums and predicts how the asset value of tower condominiums will change in the future.
In recent years, tower condominiums have rapidly increased in number as a symbol of urban areas. Prices have been rising rapidly, and in a short period of time, a property priced at 100 million yen has gone from 100 million yen to 200 million yen.
In the past, when the price exceeded 100 million yen, people used to talk about it as a “billion-dollar condominium,” but today, towers exceeding 100 million yen are common, and that alone is not enough to make people talk about it. In the popular bay area, newly built townhouses over 70 square meters in size are priced at well over 200 million yen.
Recently, the price for the second sales of the first phase of “The Toyomi Tower,” a tower condominium in Chuo Ward, Tokyo, where construction was temporarily halted due to concrete strength problems, was announced. A room on the top floor is approximately 150 square meters and is surprisingly priced at over 500 million yen.
The existence of such a townhouse has sparked debate on various occasions. While they are derided as “the view gets boring after three days” and “a place for vain people to live,” there are many people who wish to purchase them, so there is no doubt that they are popular.
If you look at the comments section of X (formerly Twitter) and news distribution sites, you will see so much criticism of townhouses.
‘Stupidity and smoke go high.’
If you forget something, it’s hard to get back to it.
And, “A big earthquake will snap your condo.”
To be honest, many of these comments are at the level of those who have never lived in Tawaman, and they are not very targeted.
For example, it would be the same in a 15-story building, not in a tower apartment, that it is a hassle to forget things. If you take into account the performance of the elevator, the difference in return time between the 15th floor of a non-tower apartment and the 30th floor of a tower apartment is at most 10 seconds, maybe even the same. If you want to bemoan the loss of time, you can go to …… for a year and see how much time is saved by having a tawaman in a better location.
That condominiums fold in a major earthquake is another criticism that is not well founded. If a major earthquake were to hit a condominium, which is built to strict building standards, it is certain that both ordinary condominiums and houses would have been severely damaged. Many critics use tower blocks as the main subject of criticism, but they are not unique to tower blocks.
