Off-the-plan sales in the 50-storey Branz Tower Umeda North condominium began over the weekend, with the most expensive unit in the building – a 145 square meter three-bedroom penthouse – priced at 270 million Yen (approx. 2.37 million USD). A total of 218 apartments were offered for sale in the first round, representing a third of the total units in the building. Sale prices ranged from 36 to 270 million Yen and sizes ranged from 42 ~ 145 sqm (452 ~ 1,560 sq ft).
The 653-unit building is due for completion in November 2019 with apartments delivered to buyers from February 2020 onwards.
One bedroom apartments are a little under 44 sqm (473 sq ft) in size and priced at around 870,000 Yen/sqm. Two bedroom apartments are 55 sqm (592 sq ft) and priced at around 900,000 Yen/sqm. Three bedroom apartments range from 79 ~ 145 sqm (850 ~ 1,560 sq ft) and have an average price of 1,460,000 Yen/sqm. The 32 apartments on the 47th floor and above are priced from 133 million Yen (1.17 million USD) and above.
The high-rise is being built on the site of the former Toyo Hotel, which later became the Ramada Hotel Osaka. It will offer a direct connection to Nakatsu Subway Station and is about a kilometer north of the Umeda district. Residents will be able to enjoy a party room, guest suites, 24hr gym, concierge and porter service.
The 45-story The Fine Tower Umeda Toyosaki apartment building is under construction across the street on the southern side of Branz Tower Umeda North. Completion is scheduled for February 2019. New apartment prices average 1,015,000 Yen/sqm, with penthouse units priced at around 1,650,000 Yen/sqm.
The Sankei Shimbun, July 5, 2017.
The Asahi Shimbun, July 7, 2017.