[Condominium] Checking the Reasonableness of the Repair Reserve Fund

★Please note that the calculation results do not include the cost of the automated parking garage.
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Below is the basis for calculating the “Estimated Amount of Repair Reserve Fund”
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■ The “Estimated Repair Reserve Fund Amount” is calculated based on the “Guidelines Concerning Repair Reserve Funds for Condominiums” (established by the Ministry of Land, Infrastructure, Transport and Tourism in April Heisei 23).

■ In accordance with these guidelines, the “Estimated Repair Reserve Fund Amount” is based on the following assumptions:
(1) It applies to single-building condominiums used exclusively for residential purposes, where the unit owners primarily reside in their own units.

(2)We collected and analyzed 84 examples of long-term repair plans prepared generally in accordance with the “Guidelines for Preparing Long-Term Repair Plans (established by the Ministry of Land, Infrastructure, Transport and Tourism in June Heisei 20).” The monthly amount is calculated using the “equal contribution method,” in which the total cost of repair work required over a 30-year period starting from the time of new construction is set aside in equal installments over that period.

(3) Because there is significant variation among the 84 case studies, we present not only the “average” but also the “range encompassing two-thirds of the cases.”

(4) For super-high-rise condominiums (generally 20 stories or more), repair costs tend to be higher due to factors such as the need for specialized scaffolding for repairs to exterior walls and the higher proportion of common areas; therefore, the guideline for [20 stories or more] is presented separately.

(5) For apartment buildings in the [15–19-story] range, where the installation of special evacuation staircases and similar features is mandatory, the supply is limited, and there are insufficient case studies to use for calculating the guideline.Therefore, the guideline for [15–19-story] apartment buildings has been set to fall between the guidelines for [less than 15 stories] and [20 stories or more].