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A Real Estate Plunge on Tokyo's Waterfront? |
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More info... Developers in neighborhoods near Tokyo Bay, where apartments are often built on reclaimed land, are halting sales after Japan's earthquake in mid-March turned some of the landfill into mud, shattered pipes, and severed water lines. While most of Tokyo avoided major damage in the Mar. 11 quake because of stringent building codes, some bayside areas experienced liquefaction, a phenomenon in which ...
Real Estate |