TOKYO -- Luxurious condominium units worth 100 million yen ($735,000) or more, known as "okushon," have been multiplying in parts of Japan where such properties, generally viewed as suited to megacities, have been rare.
Property
Luxury condos spreading around Japanese cities and selling fast
Low interest rates, rising costs, rich retirees fueling trend in smaller cities
Fukui Tower Sky Residence, left, is a 28-story, 118-unit condominium being constructed near JR Fukui Station. (Illustration courtesy of Haseko Real Estate Development)
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