The latest and most luxurious condominium development under construction in Omotesando saw a same-day sellout over the weekend.
Apartments in The Parkhouse Gran Minamiaoyama were priced from 150 ~ 770 million Yen, with an average price of 2,300,000 Yen/sqm. To date this has been the most expensive condominium offered for sale in central Tokyo this year.
Despite the high price tag, a total of 193 purchase applications were made on the 20 apartments offered for sale, with an average of 9.6 applications per apartment. The most popular apartment received as many as 63 applications.
Only 20 of the 101 apartments were made available for sale to the general public, with the remaining apartments pre-sold or provided to original land-owners. The most expensive apartment offered for sale was a 3-Bedroom, 222 sqm apartment on the 6th floor which sold for 770 million Yen (3,468,000 Yen/sqm).
The 7-storey condominium is a four minute walk from Omotesando Station and 200 meters from the Prada and Cartier boutiques.
Completion is scheduled for August 2016.
The Asahi Shimbun, June 17, 2015.
The Jutaku Shimpo, June 8, 2015.