One of the most luxurious apartment towers to be built in Osaka is already proving a hit with buyers with all apartments released in the first round of sales receiving purchase applications.
Brillia Tower Dojima is a 49-story mixed-use high-rise located just south of the Osaka / Umeda Station district. It will include a Four Seasons Hotel on floors 28 to 37, with condominium-style apartments on floors 4 to 27 and 38 to 49.
Of the 463 apartments, 185 were released for sale in late November 2021. A total of 982 purchase applications were made on the 185 apartments, with lucky buyers selected via a raffle. The most popular apartment received 37 applications.
The apartments on offer ranged in size from 38 ~ 236 sqm and were priced from 52.8 million to 1.08 billion Yen (approx. US$464,000 ~ $9,500,000). 110 apartments were priced over 100 million Yen each, and 17 were priced over 300 million Yen.
The sales office received over 6,300 inquiries in the lead-up to the first round, and over 2,700 groups visited the model room. Almost half of the interested buyers were in their 50s and 60s, and over two-thirds across all age groups were either single or two-person households. 63.5% of interested buyers were already residing within Osaka prefecture. The second round of sales will start in early February.
Amenities include ceiling heights of up to 2.7 ~ 3.0 meters on floors 4 to 27 and 3.0 ~ 4.0 meters on floors 38 to 48, a rooftop resident lounge and party room, board room, concierge desks on floors 2 and 43, and common areas designed by Piet Boon with art pieces curated by Fumio Nanjo.
Apartments will be ready for delivery to buyers from late May 2024.
This is the first project in Osaka to receive a floor area allowance under measures introduced by the Ministry of Land, Infrastructure, Transport, and Tourism in 2016. Under this system, projects with hotel components in specified districts may be eligible for an additional floor area allowance of up to 300%. This was introduced at a time when hotels and accommodation facilities in tourist areas were in short supply, particularly in neighborhoods where existing hotel operating ratios were already over 80%.
Source: Fudosan Keizai Online, December 21, 2021.
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