Power Builders: The One Size Fits All Approach to Housing in Japan
The term Power Builder actually has a different meaning in Japan. You may be unfamiliar with the term "Power Builder" (パワービルダー) because it's a form 'Japanglish' or 'Wasei-Eigo,' English words that were borrowed and repurposed to take on an entirely different meaning in Japan. The word Power Builder is a Japan real estate term.
So What is a Power Builder?
Power Builders are housing companies that quickly build groups of identical, low price single-family homes sitting on a 30 tsubo (1,067 sqf) plot of land. These cookie-cutter homes are usually targeted for budget shoppers like young families, looking for low cost, affordable housing.
How Much Do They Cost?
Power Builder homes range in price from 20-40 million yen.
Who Are the Top Power Builders in Japan?
How Long Have They Been Around?
Power Builders have been around since the 90s in Japan when they had a 10% share of the Tokyo housing market. As of the last poll in 2003, the 5 major Power Builders had increased their market share to 24%.
Conclusion
If you're shopping on a budget, Power Builders may be just the right fit for you. If you are more on the creative side and want a customized place to call your own, then you may find their options to be extremely limited. Regardless of your choice, it’s always best to consult with a reputable real estate agent to go over your options.
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