The average price of a property in Fujisawa STT is $500,000. While not especially large -- especially by US standards -- the price is approximately 15 - 20 percent higher than local areas, but less expensive than Tokyo, well-known for high living costs. Homes are complete with energy monitoring and energy saving devices, and would-be residents must sign up for and agree to uphold the town's "principles," according to Panasonic.
A town development policy was jointly created between the tech giant and Fujisawa City government before 19 business partners were brought alongside including developers, energy firms and security companies. Residents are expected to pay approximately $100 a month on top of property purchase to live in the town and make use of services provided, which include bike and electric vehicle (EV) sharing, events and security monitoring. There is a also an online portal, compatible with mobile devices, which displays town events, notices and alerts, as well as a forum and committee for residents to communicate.
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