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On June 1, 1981 (Showa 56),New earthquake resistance standards' was enacted, and buildings built since then are considered to have excellent earthquake resistance.

However, construction work can only begin after building approval has been received, so some buildings were completed in the first half of 1982 (Showa 57) but were built to the old earthquake resistance standards.

In the case of an apartment building, the construction period varies depending on the size, but even a relatively small building usually requires about one to one and a half years. Therefore, even if the building was approved in June 1981, the earliest completion date would be summer to autumn 1982.
Condominiums completed after 1983 are more likely to be built in accordance with the new earthquake resistance standards.It's hard to say as it was completed in 1982 (Showa 57).
When purchasing, it is a good idea to check the construction inspection period as well.

If you purchase a property built after the "New Earthquake Resistance Standards," the risk of earthquakes will be reduced, but the risk of earthquakes and disasters will never be zero. In addition to taking out the above precautions when selecting a property, you may also want to consider taking out optional earthquake insurance during the period you own the property.

*For real estate acquired after October 1, 2015, the premiums for residential fire insurance have increased. In addition, from 2017 onwards, the premiums for earthquake insurance are also scheduled to increase gradually.
While this is unavoidable given the recent increase in insurance payments due to earthquake disasters and repeated large-scale flood disasters, it is not good news for investors.
In addition, the membership period is now limited to a maximum of 10 years, so even if you take out a 30-year loan, you can no longer be a member for the entire period.
This means that running costs will increase once every 10 years, so you need to choose a property with these increasing costs in mind.

At our seminars, we also discuss the differences in possible exit strategies after a disaster for both condominium ownership and entire building ownership.