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We are building in South Tokyo, Ota-ku, and that seems to be exactly what happened here, they knocked down a big older place and split the land in two. It's crazy, there are so many perfectly livable older houses around but nobody wants them.
We did visit a couple of those places outside of Tokyo, very bizarre, but good to evaluate all the different builders.
Where in Tokyo are you? There is definitely a culture of knock down and rebuild new, have you been to any of those house showroom streets yet?