[Kawaguchi City] Non-rebuildable Property Purchased for Renovation

Philia Corporation has released a case study on the purchase of a 'non-rebuildable property' that failed to meet road access requirements. The property, located in Shibafuji, Kawaguchi City, Saitama Prefecture, was a difficult case that other companies had refused to handle due to its location in a bus-access area and legal restrictions regarding road frontage. Philia Corporation identified value in the 'building' rather than the 'land' and purchased it at a fair price with the intention of renovating it. After refurbishing the interior and exterior, they transformed it into a comfortable home and sold it to end-users and investors. The company plans to continue strengthening its real estate revitalization business in collaboration with government and professional services to solve the vacant house problem.