Motoazabu house and land sells for 1.1 billion Yen

A house and land in Tokyo’s Motoazabu address sold for 1.16 billion Yen (approx. 10.5 million USD) at a public auction last month. The sale, conducted by Osaka City, attracted seven bidders, including one well-known developer. The City had set a reserve price of 673,261,700 Yen.Read more


Grand Hills Motoazabu

 

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Grand Hills Motoazabu is a low-rise apartment building located at the peak of the Motoazabu neighbourhood in Tokyo's Azabu district. It is 800 meters from Roppongi Hills and 300 meters from the Azabu Juban restaurant street.

This is Sumitomo’s first ‘Grand Hills’ series of apartments in 8 years. They are planning additional Grand Hills projects in Minami Aoyama, Meguro and Mejiro.

The 5-storey building will include 32 apartments ranging from one to three bedrooms. Parking will be limited to 17 machine-type spaces, 1 handicapped space and 1 guest parking space.

The building was completed in January 2018 with apartments delivered to buyers from May 2018.

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Construction to start on Foretseine Motoazabu 2 Chome project in July

Mori Trust is developing a luxury apartment building atop the Motoazabu neighbourhood in central Tokyo. Takenaka Corporation, one of Japan’s top construction giants, will start construction on Foretseine Motoazabu 2 Chome in July 2017. Completion is due for the end of December 2018. The 5-storey building will have just 17 spaciously sized apartments.

This project will be part of Mori’s 'Foretseine' brand of high-end residences. Their most recent project was Foretseine Akasaka Hinokizaka near Tokyo Midtown. When sales began in late 2014, apartments were priced between 1.5 ~ 2.8 million Yen/sqm and all apartments had sold off-the-plan prior to completion. Re-sale listings in 2016 have had an average asking price of around 3 million Yen/sqm.

The land is approximately 1,100 sqm in size, while the building will have a total floor area of 3,500 sqm (37,660  sq ft).Read more


Park Court Motoazabu Hill Terrace

Park Court Motoazabu Hill Terrace 1

Average price: 2,200,000 Yen/sqm
Size range: 62.25 ~ 102.28 sqm (670 ~ 1,101 sq.ft)

Area: Motoazabu, Minato-ku

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Park Court Motoazabu Hill Terrace is a 5-storey condominium located 450 meters from Hiroo's Arisugawa Park and 750 meters from Roppongi Hills. The property is located just west of Hongoji Temple and south-facing apartments may have views of the temple cemetery.

The building was completed in July 2016 and apartments were delivered to buyers from late December 2016. Sales began in October 2016. Of the 30 units in the building, 19 were made available for sale with the remaining 11 going to participants of the development. When new, apartments were priced from 110 ~ 220 million Yen.

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Hankyu Realty planning 2 residential projects for Tokyo's top neighbourhoods

Hankyu Motoazabu Project 1
Motoazabu 3 Chome Project

Hankyu Realty, an Osaka-based real estate developer, is developing two high-end projects located in Tokyo's prime residential neighbourhoods of Aoyama and Azabu.

Motoazabu 3 Chome Project:

A 5-storey apartment building containing 19 units, and walking distance from Roppongi Station. The 1,000 sqm site, which has been a car park for several years, was listed for sale back in 2010 for 1.18 billion Yen. It is just 400 meters from Roppongi Hills and across the street from the San Marino Embassy. Read more


Motoazabu Grand Mansion to be demolished in February

Taisei Corporation announced that they will begin the demolition of expat apartment "Motoazabu Grand Mansion" in February. The demolition work is scheduled to be completed by the end of November.Read more


The Parkhouse Motoazabu

Average price: 2,200,000 Yen/sqm
Size range: 66.35 ~ 115.14 sqm (714 ~ 1239 sqft)

Area: Motoazabu, Minato-ku

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The Parkhouse Motoazabu is located next to Domus Motoazabu West.

When new, apartments were priced from 77 ~ 185 million Yen, with an average price of 1,383,000 Yen/sqm. Sales began at the end of November 2011, and all apartments had sold out by May 2013.

Monthly building management and repair fund fees are approximately 452 Yen/sqm (based on apartment's internal floor area).Read more