There's nothing wrong with reinforced concrete, but the incentives to produce long lasting buildings are not there. The cheapest bidder will generally win and their building will last the "design life" of the building, but often not much more. The simplest way to change this is to extend the design life, which would result in stainless steels or another more expensive material being used in this application.
Japanese loathe “second hand” stuff if they can avoid it. This includes property. The service life for buildings is 47 to 50 years or so, for depreciation purposes.
Totally unrelated, but I love that 1000 year old wooden temples get rebuilt every 20 years or so[2] because of the religious idea of renewal.
[1] https://japanpropertycentral.com/2012/06/what-is-the-lifespa...
"A recent innovation in the Japanese real estate industry to promote home ownership is the creation of a 100-year mortgage term. The home, encumbered by the mortgage, becomes an ancestral property and is passed on from grandparent to grandchild in a multigenerational fashion. We analyze the implications of this innovative practice, contrast it with the conventional 30-year mortgage popular in Western nations and explore its unique benefits and limitations within the Japanese economic and cultural framework." The 100-year Japanese residential mortgage: An examination (1995) (https://www.sciencedirect.com/science/article/abs/pii/106195....)
[1]https://www.thelocal.se/20160324/sweden-limits-mortgage-loan...