VIRTUAL Barcelona

Abstract

Existing condominiums account for most of the condominium distribution market in the Conurbation Area of Tokyo. By analyzing the marketability characteristics of existing condominiums, we can obtain the information necessary to maintain and promote urban life. The locations of 482 existing condominiums sampled using a random sampling method were evaluated using a combination of two distance indicators. K1 is the distance between the center point, weighted by the number of train passengers in the city, and the nearest station to an existing condominium, and K2 is the distance from the condominium to the nearest station, which is defined. The distance index value is defined as D (sqkm) = K1 (km) × K2 (km). The approximation curve based on the natural logarithm model formula, which shows the relationship between the D value and the frequency of location of existing condominiums with marketability, allows the location of condominiums that have the potential to be evaluated in the real estate market to be determined. In locations where the D value exceeds 60 (sqkm), the location frequency of existing condominiums becomes 0. This discrimination method makes it possible to identify condominiums that are difficult to evaluate on the market due to their location or inconvenience. There is a risk that the market value of these condominiums will decline. Therefore, adding attractive elements other than location and convenience is necessary. From the perspective of the sustainability of condominiums, it is essential to take revitalization measures appropriate to the condominium’s location characteristics.