In an answer to their prayers, shrines in Tokyo are increasingly allowing high-rise buildings and apartments to be located on their premises to generate much-needed revenue.
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Harumi Flag development renderings and Mitsui Fudosan CEO Masanobu Komoda. (Harumi Flag, Getty)
Some of the condominium buyers in Tokyo’s Olympic village are seeking compensation for delays to their move-ins.
Occupancy at the master-planned Harumi Flag complex was to begin in 2023, but that has been pushed back at least a year, according to Reuters. The complex is set to house athletes competing in the pandemic-delayed Summer Olympics, now set to begin in July.
Two dozen buyers of Harumi Flag units want payment from the community’s development team 10 companies with Mitsui Fudosan Residential https://therealdeal.com/new-research/topics/company/mitsui-fudosan/ as a lead developer. They have entered civil mediation proceedings.
Buyers of Olympic village condos left out in the cold after delayed Games japantoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantoday.com Daily Mail and Mail on Sunday newspapers.