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Sharing Economy

New Tokyo homes ditch parking spaces but offer car sharing

Developer Mitsui Fudosan cuts costs as millennials choose Singapore-style mobility

Mitsui Fudosan waives the membership fee in its car-sharing service for buyers of a group of new houses lacking parking spaces. (Photo by Manami Yamada)

TOKYO -- A Japanese developer has begun experimenting with homes that offer free car sharing instead of a parking space as more people in Japan's capital live without their own automobiles.

The new two-story, three-bedroom homes, located near the Nakanobu metro station in Tokyo's Shinagawa Ward, represent a first for Mitsui Fudosan Residential, which sells about 400 homes a year in urban neighborhoods.

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