Kyoto City’s most expensive apartment building since 1995 is already close to selling out prior to the start of official sales. 90% of the apartments in The Kyoto Residence Gosho-Higashi have already been pre-sold to buyers, with the remaining 4 units offered in the first round of public sales held on October 13th. The four apartments are priced from 105 to 157 million Yen (approx. 935,000 ~ 1,400,000 USD). With an average price of around 1,600,000 Yen/sqm (approx. 1,325 USD/sq.ft), this is the most expensive apartment building to go on sale in the city since 1995. It has beaten a previous record set in 2015 by The Parkhouse Kyoto Kamogawa Gosho-Higashi which had an average price of between 1,300,000 ~ 1,400,000 Yen/sqm when new.

The smallest unit to go on sale is a 67 sqm (720 sq.ft) 2 bedroom apartment priced at 105 million Yen.

The luxury residences are located on the eastern side of the Imperial Palace grounds and 600 meters from Kamo River. This is the first freehold condominium to be developed on the eastern edge of the Imperial Palace in over 29 years.

The 5-storey condominium is due for completion in February 2019. Apartments range from 53 ~ 197 sqm (570 ~ 2,120 sq.ft). Residents will have access to bilingual concierge services provided in conjunction with the Kyoto Hotel Okura. The concierge can help to arrange for catering, car hire, sightseeing, linens and bed-making, housekeeping, and shopping for / stocking apartments before residents arrive.

Location

Somedonocho, Kamigyo-ku, Kyoto City

Source: Keihan Real Estate News Release, October 11, 2018.

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