Toranomon Hills officially open from today
Mori Building’s latest high-rise - Toranomon Hills - is officially open today. At 247m tall, the 52-storey building is Tokyo’s second highest mixed-use building after Tokyo Midtown. An opening ceremony was yesterday, with Prime Minister Shinzo Abe giving a speech.
The building contains office space on floor 6 to 35, apartments on floors 37 to 46 and the Andaz Hotel on floors 47 to 52. Of the 172 apartments, 70 were offered for sale (most have already sold) with the remaining apartments offered for rent.
Monthly rents range from 550,000 Yen (5,400 USD) for a 1-bedroom up to 2.92 million Yen (28,500 USD).Read more
Groundbreaking ceremony for Japan’s first 60-storey apartment building
Developers of a 60-storey apartment building in Shinjuku held a groundbreaking ceremony on May 12.
The high-rise condominium will be the tallest apartment building in Japan (based on the number of floors) when complete in 2017. At 208.97m tall, it will be just 43cm shy of the tallest apartment building in the country - The Kitahama in Osaka.Read more
Tokyo’s bayside apartment market is boiling, but for how long?
The brand new high-rise apartment market in Tokyo’s bayside area has caught Olympic fever. Development of large-scale condominiums and other infrastructure projects are speeding up, as is demand from excited buyers.
The man-made islands saw a sharp drop in popularity following the 2011 Tohoku disaster when the earthquake caused liquefaction on some islands and left a lot of residents trapped in their apartments or trapped in the lobbies after elevators shut down. The risks of living on reclaimed land were quickly forgotten as soon as it was announced that Tokyo would host the 2020 Summer Olympics and Harumi would host the Athlete’s Village.Read more
Otemachi business area to see first apartments in 2017
Japan’s top business district is about to get its very first apartment development. Mitsubishi Jisho announced on April 14 that luxury serviced apartment operator, The Ascott Limited, will occupy part of a new high-rise development in Otemachi 1 Chome.
While the Singaporean company already operates Citidines and Somerset serviced apartments throughout Tokyo, this will be their first ‘Ascott The Residence’ branded property in Japan. The residence will cater to domestic and foreign business people looking for long-stay accommodation. The apartments should begin taking guests from early 2017. Read more
Akasaka Twin Tower demolition to begin next month
After several years of delays, Mori Trust will finally begin their redevelopment of the Akasaka Twin Tower buildings near Tameikesanno Station in Tokyo.
Taisei Corporation will begin demolition work of the 31-year old buildings in mid-May.
The Tower Yokosuka Chuo 60% sold
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.Read more