TOKYO, Nov 19 (News On Japan) –
The Real Estate Companies Association of Japan has drafted a coverage that may prohibit the resale of condominium models earlier than they’re handed over to consumers, an effort geared toward curbing speculative short-term flipping that has been cited as one issue behind the sharp rise in condominium costs.
The coverage, nevertheless, doesn’t carry binding drive, leaving selections on implementation and the institution of penalties for violations to particular person corporations. Some member companies have already been notified of the plan, and the affiliation is anticipated to make the coverage public as early as subsequent week.
Source: テレ東BIZ