Musashikosugi apartment boom (and bubble?)
Concerns are growing about a possible over-heating in the property market around Musashikosugi Station in Kawasaki City as the area experiences a construction boom.
According to the latest 'koji-chika' assessed land values as of January 1, 2013, commercial land values in Kosugimachi increased 9.9% over the year while residential land values in the same area increased by 9.1%, making it the best performing area in Kanagawa Prefecture.Read more
Sales in The Parkhouse Hiroo Hanezawa off to a great start
The first round of sales in The Parkhouse Hiroo Hanezawa began at the end of May. All of the 27 apartments made available for purchase in the first round were sold. They ranged in size from 43 to 152 sqm (462 ~ 1635 sqft) and were priced from 46 ~ 275 million Yen. 17 of the apartments were priced over 100 million Yen.
The sales office received 33 purchase applications for the 27 apartments. The most popular apartments were 2-bedroom types priced around 85 million Yen and 3-bedroom types priced around 128 million Yen. Read more
Skyz Tower & Garden to begin sales in July
Sales of apartments in Skyz Tower & Garden in Toyosu are scheduled to begin in July. This is part of the 'Tokyo Wonderful Project' redevelopment of a 32,000 sqm site that was once a Tepco-owned thermal power station.
The 150m tall condominium will contain 1,110 apartments ranging in size from 53.25 to 130.92 sqm (573 ~ 1408 sqft) and priced from 35 to 139 million Yen. A 74.50 sqm 3-bedroom apartment will be priced around 55 million Yen (738,000 Yen/sqm), and some apartments will be priced over 100 million Yen. Over 10,000 inquiries have been made prior to the opening of the showroom this coming weekend. Read more
Brillia Tama New Town sold out
All 684 apartments available for sale in Brillia Tama New Town have now sold out. Brillia Tama New Town is a large-scale redevelopment of the Suwa 2 Chome Jutaku housing complex in Tama City, Tokyo. The original buildings were completed in 1971 and contained 640 apartments. The demolition and reconstruction project is said to be the largest of its kind in Japan.
The new condominiums have a total of 1249 apartments, of which 565 were taken up by original residents (the remaining residents sold their ownership rights to the developer and moved elsewhere).Read more
Sales of apartments in The Parkhouse Hiroo Hanezawa begin this month
Mitsubishi Jisho Residence will begin sales of apartments in The Parkhouse Hiroo Hanezawa.
Readers may remember that these apartments are being built on the site of the former Hanezawa Garden - home of Yoshikoto Nakamura (1867 - 1927). Mr. Nakamura was a former Mayor of Tokyo, Railroad Minister and second Chairman of the South Manchurian Railway Company. The original house (c1915) had been used as a wedding facility / reception hall since the 1950s.
Mitsubishi acquired the site in 2011 and demolished the house in early 2012, much to the dismay of neighbours.Read more