Maison Mita to be redeveloped into high-rise
Maison Mita, a 67-unit, 49-year old condominium in central Tokyo’s Mita neighbourhood will be redeveloped into a 77m tall, 23-storey high rise by both Mitsubishi Jisho Residence and Asahi Kasei Realty & Residence. Demolition of the current building is expected to start in December 2017 and the new building is due for completion by December 2020.
Apartment owners had been discussing redevelopment for the past 10 years.
Apartments in the older building ranged in size from 34 ~ 108 sqm, with a mixture of studio and family-oriented layouts. The building was developed by Kyoei Life Insurance and completed in 1968. Kyoei developed several Maison-named condominiums in central Tokyo in the 1960s, 70’s and ‘80s. The insurance company filed for bankruptcy with liabilities of 4.6 trillion Yen in 2000 in what was said to have been the country’s biggest bankruptcy since WWII.
287m tall high-rise planned for Nihonbashi
Details on the Nihonbashi 1 Chome Central District Redevelopment have been announced. The project will include a 287m tall high-rise with office, hotel and serviced apartments, as well as several low-rise retail, office and residential buildings.
The high-rise tower will be taller than Tokyo Midtown (248m), Toranomon Hills (247m) and the Tokyo Metropolitan Government Building (242m), but shorter than the 390m tall tower planned for the Tokiwabashi Redevelopment Project located 300 meters to the west of the Nihonbashi site.
Construction starts on 3,000-unit project in Kachidoki
Construction has started on a triple-tower high-rise apartment project on the man-made island of Kachidoki in Tokyo Bay. Completion of the 165.5 billion Yen (approx. 1.5 billion USD) development is tentatively scheduled for late July 2027.
The Kachidoki East District Redevelopment includes three towers ranging from 106 ~ 195 meters, with a total floor area of 369,000 sqm (3.97 million sq ft) and as many as 3,120 apartments.
New apartment prices in Kyoto drop as developers are forced out of city center
The supply of brand new apartments in Kyoto City in the first half of 2017 increased by 21.7% from the same period in 2016, while the average sale price saw a steep drop of 24.1% to 43,280,000 Yen. The reason for the decrease in the price was due to intense competition for hotel development sites in the city center which has forced apartment developers to shift their focus to the city’s outskirts where prices are cheaper.
12 Exclusive residences planned for Toranomon high-rise
A limited number of high-end penthouse condominiums are planned for the Tokyo World Gate development in central Tokyo’s Toranomon district.
The 12 luxuriously appointed residences will range in size from 150 ~ 400 sqm (1,614 ~ 4,304 sq ft). One of the residences will be a duplex-style apartment with ceiling heights of up to 6 meters. These exclusive residences are aimed at world-class business executives looking for one-of-a-kind sky homes in the heart of Tokyo.
23-storey apartment tower planned for Roppongi Itchome
Real estate developer Mori Trust is planning a 23-storey, 80-meter tall apartment building for a site in Roppongi. Completion is scheduled for late May 2019.
The Roppongi Itchome Project is located on the same block as Ark Hills Sengokuyama Mori Tower and across the street from Park Court Roppongi Hilltop. The site was previously a training building for the Ministry of Agriculture, Forestry and Fisheries. Mori Trust acquired the site in early 2010 and demolished the former office building in 2011.
Sales start in 50-storey high-rise in Osaka
Off-the-plan sales in the 50-storey Branz Tower Umeda North condominium began over the weekend, with the most expensive unit in the building - a 145 square meter three-bedroom penthouse - priced at 270 million Yen (approx. 2.37 million USD). A total of 218 apartments were offered for sale in the first round, representing a third of the total units in the building. Sale prices ranged from 36 to 270 million Yen and sizes ranged from 42 ~ 145 sqm (452 ~ 1,560 sq ft).
The 653-unit building is due for completion in November 2019 with apartments delivered to buyers from February 2020 onwards.