Japan's supply of new condos fell to 24-year low in 2016

Feb 20, 2017

Japan's supply of new condos fell to 24-year low in 2016

The number of new condominiums put up for sale across Japan in 2016 dropped 1.4 percent from the preceding year to a 24-year low of 76,993 units, while prices stayed high, according to a private think tank. Supply dropped for the third straight year, the ...

Jul 31, 2016

India providing food to laid-off workers in Saudi Arabia

India's foreign minister said the government is providing food aid to thousands of Indian workers in Saudi Arabia who are not able to buy food after losing their jobs in the kingdom. Foreign Minister Sushma Swaraj said in a series of tweets over the weekend ...

Construction site sinkhole swallows stretch of Nagoya sidewalk

Dec 8, 2015

Construction site sinkhole swallows stretch of Nagoya sidewalk

A stretch of brick sidewalk in Nagoya near a construction site caved in by about 5 meters on Monday evening but there were no injuries. The Aichi Prefectural Police closed traffic around the site and launched an investigation. According to the police, the site, where about ...

Nov 4, 2015

Building pilings scandal widens; piling worker 'apologizes' to mother

Asahi Kasei Construction Materials Corp., beset by a faked construction-records scandal, says a worker who fabricated data for pilings beneath a tilting condominium in Yokohama manipulated figures for at least eight other facilities nationwide. The facilities include a business hotel in Aichi Prefecture, a public ...

Oct 25, 2015

Construction data manipulation

The faulty foundation work at a Yokohama condominum underlines the need for the government to improve the verification system for construction work.