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Initiatives for Longer Life and Increased Durability
Approach and Policies
Group Policy (Safety and Security)
With rising concerns regarding the aging and obsolescence of buildings and infrastructure, expanded needs for repairs and remodeling, and increased frequency of natural disasters such as large-scale earthquakes, providing buildings and spaces that are safe and secure throughout their entire life cycle is an important responsibility of the Group. Based on this awareness, the Group works with suppliers such as design and construction companies to increase the lifespans and durability of buildings.
Management
Targets and Performance
Target
To carry out measures that will increase the lifespans and durability of buildings, the Group strives to provide products and services with long lifespans and high durability.
Results
Provide products and services with long lifespans and high durability
| FY2018 | FY2019 | FY2020 | |
|---|---|---|---|
| Number of completed properties that offer the re:Premium service | 5 | 17 | 9 |
| Number of properties that adopted the Attractive30 service | 11 （1,384） |
23 （3,211） |
23 （2,390） |
Numbers in parentheses indicate the number of units sold.
Initiatives
Measures to Lengthen Cycles for Large-Scale Repair Work
In order to reduce the economic and psychological burdens on condominium residence and management associations, the Group offers products and services intended to lengthen large-scale repair work cycles in order to reliably carry out large-scale repair plans.
Measures at Completed Condominiums
Due to the aging of the population and the increase in vacant dwelling units, about 35% of condominiums are unable to accumulate sufficient reserves for repairs as scheduled (source: data by Ministry of Land, Infrastructure, Transport and Tourism).
The re:Premium service offered by the Group is designed to extend the cycle for large-scale repair work for PROUD condominiums that have already been completed. The service can extend the typical 12-year cycle for large-scale repair work to 16 to 18 years and result in ultra-long-term improvement plans of up to 60 years after the completion of construction. It also enables the extension of building lifespan and reduction of demolition waste. The psychological and economic burdens on customers are also able to be reduced by substantially cutting lifecycle costs. For these reasons, the Group is striving to expand the scope of properties that adopt the re:Premium service.
In fiscal 2020, drainage pipe repair work in the common use areas for replacing older pipes made of different materials with plastic pipes all at once to improve performance and reduce lifecycle costs for the Coop Nomura Higashi Rokugo, which is under Group management, was certified as a model project for extending the life of condominium stock with the support of the Ministry of Land, Infrastructure, Transport and Tourism.
Measures at Newly-Constructed Condominiums
In fiscal 2018, the Group launched the Attractive30 service, which seeks to increase the lifespans and durability of newly-constructed condominiums. The adoption of high-durability materials and construction techniques and introduction of the re:Premium service will enable lengthening of the cycle of large-scale repair work.
Sustainability
- The Nomura Real Estate Group’s Stance on Sustainability
- Community
- ESG Data