CHALLENGES AND FACILITY MANAGEMENT OF AGING CONDOMINIUMS UNDER THE INCORPORATED MANAGEMENT ASSOCIATION IN THE KINKI REGION

Compared to condominiums in general management associations, condominiums in management corporations were older and larger, and were more actively managed. The percentage of elderly residents (r=0.48, 95%CI: 0.26 - 0.65, cov=0.84, p<.0001), the percentage of rental units (r=0.41, 95%CI: 0.19 - 0.59, cov=0.45, p<.001) and the percentage of vacant units (r=0.35, 95%CI: 0.13 - 0.54, cov= 0.16, p<.01) were all positively correlated with age. While there were no significant differences in property-specific conditions, significant differences were found in the percentage of rental units, percentage of vacant units, and number of facilities installed, suggesting a role of management for older condominiums.