Tokyo of today. During the Japanese asset bubble that wasn't the case.
Also properties in Japan generally depreciate like cars because it's a seismic area and newer buildings are typically better equipped to deal with that, so it makes sense to tear it all down every 30 years or so.
Also properties in Japan generally depreciate like cars because it's a seismic area and newer buildings are typically better equipped to deal with that, so it makes sense to tear it all down every 30 years or so.