The nation's first privately developed condominium project that helped usher in a postwar apartment boom is to undergo demolition and redevelopment, drawing the curtain on its six-decade history.
Yotsuya Co-operative House, a five-story, 28-apartment condominium located in Shinjuku Ward, Tokyo, was completed in 1956 and had been known as the first to offer apartments for sale under monthly installment plans. The price for a new, three-bedroom apartment at the time was ¥2.33 million — around 20 times the annual salary of a university graduate.
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