To buy or not to buy a condominium? That is the question people are asking, fearing the slipshod construction borne out in the widening scandal over the falsification of quake-proofing data might be industrywide.
In the greater Tokyo area, sales will hold strong in 2006, forecast Tadashi Matsuda, researcher at the Real Estate Economic Institute Co.
Matsuda said he expects developers to put 85,000 condos on the market in the Tokyo metropolitan area this year, on par with the 85,244 units estimated to have been offered in calendar 2005.