All apartments available for sale in The Parkhouse Grand Chidorigafuchi have already sold out. 22 apartments ranging from 160 ~ 542 million Yen (1.61 ~ 5.46 million USD) were offered for sale earlier this month.
A total of 112 purchase applications were made, with each apartment received an average of 5.09.A 1-Bedroom apartment priced at 169 million Yen received a total of 13 applications, while the most expensive apartment – a 3-bedroom priced at 542 million Yen – received 10 applications. The successful buyers were decided by a lottery type system.
75% of the buyers were over the age of 50.
With an average price of around 2.4 million Yen/sqm (24,000 USD/sqm or 2230 USD/sqft), this is the most expensive apartment building to be developed in Japan since 2008.
Although there are 73 apartments in the building, 51 will go to the original landholder – a construction and real estate company. These apartments may possibly be used as rental units when the building is completed in early 2015.
The 14-storey building overlooks the Chidorigafuchi moat and Imperial Palace grounds.
More details on the building can be found here.
Jutaku Shimpo, September 17, 2013.
The Sankei Shimbun, September 17, 2013.
4,231 total views, 2 views today