All 150 apartments offered in the first round of sales in The Tower Yokosuka Chuo condominium sold out in early March. An average of 1.3 applications were made on each apartment, with the most popular apartment receiving 4 applications.
The 38-storey building is a 3 minute walk from Yokosukachuo Station in Kanagawa Prefecture. Of the 297 apartments, 253 will be made available for sale. Apartments range in size from 44 ~ 124 sqm (473 ~ 1334 sqft). They are priced from 22.6 ~ 129 million Yen, with an average price of 555,000 Yen/sqm. Completion is scheduled for November 2015.
The project forms part of the redevelopment around Yokosukachuo Station. It is a joint venture development between Keikyu Corporation and Daiwa House.
The next round of sales took place last weekend with 70 apartments offered.
In 2013, the number of people moving out of Yokosuka City exceeded the number of new arrivals by 1,772 people, making it the top city with the highest net outflow of residents in Japan. Despite these challenges, the developers are hoping that the new development will help to turn this trend around.
Keikyu Corporation & Daiwa House Press Release, March 17, 2014.
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