Mitsubishi halts defective homes' sale, to seek compensation from builder

[TOKYO] Mitsubishi Estate Co, Japan's biggest developer by market value, halted sales of residential units in Tokyo after finding defects and will seek compensation from the builder Kajima Corp. The shares in both companies fell.

The building in Tokyo's upscale neighbourhood, Aoyama, was found to require some construction repairs including to some of its pipes, Mitsubishi Estate said in a statement.

The project was constructed by Kajima along with Kandenko Co and Hamano Densetsu Inc, which make electrical and machinery facilities, according to the statement.