The Park House Shinjuku Tower

Average price: 1,000,000 Yen/sqm
Size range: 48.07 ~ 107.76 sqm (517 ~ 1159 sqft)

Area: Kita-Shinjuku, Shinjuku-ku

 ABOUT

Building facilities include concierge service, party salon, guest suite and a 750 sqm fenced garden for the exclusive use of residents. Although 20 stories tall, it is dwarfed by the surrounding high-rise office buildings.

Taiwanese real estate companies had also marketed new apartments in this building to Taiwanese buyers.

The average price when new ranged from 41.5 ~ 128 million Yen, with an average price of 950,000 Yen/sqm. By 2014, the average advertised resale price was around 1,000,000 Yen/sqm, up 5.2% since new.

Apartments purchased with the intent to rent out may face competition from other new luxury rentals in the same area, including the new La Tour Shinjuku Grand which is on the neighboring block.

Monthly building management and repair fund fees are approximately 380 Yen/sqm (based on apartment’s internal floor area).

The average advertised rent in this building is approximately 4100 Yen/sqm per month, giving investors an estimated gross yield of approximately 5.18% (based on average apartment price when new).

 LOCATION

2-21-2 Kita-Shinjuku, Shinjuku-ku, Tokyo

Nishi-Shinjuku Sta. – 6 mins
Nakano-Sakaue Sta. – 7 mins
Shinjuku Sta. – 15 mins

 BUILDING DETAILS
Completion: January 2012
No. of units: 298
Construction: 20 Stories
Construction Company: Kajima Corporation
Developer: Mitsubishi Jisho Residence & Heiwa Real Estate
Carparking: 36,000 ~ 40,000 Yen/month
Land size: 4800 sqm
Land ownership: Freehold
 IMAGES

Actual Interior:

 FLOOR PLANS

#317 2-Bedroom 67.34sqm. Price when new: 56,900,000 Yen

#1907 4-Bedroom 107.76sqm + 28.12sqm balcony. Price when new: 128,000,000 Yen

 APARTMENTS PREVIOUSLY LISTED FOR SALE
  • 4F 1-Bedroom 48.07 sqm 48,800,000 Yen (Resale)
  • 5F 3-Bedroom 72.51 sqm 72,800,000 Yen (Initially listed for 78,000,000 Yen, then increased to 81,800,000 Yen) (Resale)
  • 9F 2-Bedroom 59.29 sqm 58,800,000 Yen (Resale)
  • 10F 2-Bedroom 67.34 sqm 69,800,000 Yen
  • 12F 2-Bedroom 57.47 sqm 50,800,000 Yen (Resale)
  • 15F 3-Bedroom 72.51 sqm 73,500,000 Yen (Resale)
  • 17F 1-Bedroom 57.85 sqm 59,800,000 Yen (Resale)

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