Sales in Harumi Towers off to a good start
Sales of apartments in Mitsubishi Jisho and Kajima Corporation's latest waterfront development project, The Park House Harumi Towers Krono Residence, are off to a good start this month with 288 of the 320 apartments initially available receiving purchase applications. A total of 377 applications were made on those 288 apartments.
Located in the bayfront Harumi area, Krono Residence will have 883 apartments over 49 floors. The next round of sales begins at the end of April. Another tower residence is scheduled to be built right next door to Krono and the two towers will have over 1,800 apartments.
The sales office and showroom was opened in January and received over 3,500 visitors. The most popular units were a 79 sqm 3-Bedroom apartment priced in the 50 million Yen range, and a 42 sqm 1-Bedroom priced in the 20 million Yen range. The purchase applications on some of these units exceeded availability five-fold. The majority of apartments were priced in the 52 million Yen range, with the most expensive unit sold being 199.8 million Yen penthouse apartment.
Buyers were in their 30s and 40s and consisted mostly of 2 member households. Many were moving out of other high-rise residences.
Source: Shukan Jutaku, April 17, 2012.
Same-day sellout in Brillia Tama New Town
All 252 apartments available in the first round of sales for Brillia Tama New Town have sold out on the same day.
Brillia Tama New Town is the redevelopment of the Suwa 2 Chome Jutaku housing complex and is the biggest project of its kind in Japan. Developed by Tokyo Tatemono, the new complex will have 1249 units, of which 565 will go to owners of the demolished apartments.Read more
Kansai's most expensive neighborhood is not where you think
The most expensive neighborhoods in the Kansai area are typically considered to be Ashiya and Kurakuen, both in Hyogo Prefecture.
However, according to the kouji-chika land assessment values, the most expensive residential land in Kansai is in the Shinpoincho area in Osaka's Tennoji-ku.
Shinpoincho has been in the number one spot for the past eleven years, yet remains relatively unknown as it does not have the same name recognition as the Ashiya, Tezukayama or Nara's Gakuenmae neighborhoods.Read more
The cheapest rents in Tokyo by train station
Real estate listing site, SUUMO, have listed the top 10 areas around train stations that have the cheapest rent in Tokyo. Stations along the Toden Arakawa Line seem to dominate the listings, so tenants on a budget may want to look for places along this train line.
The average rent was calculated by the listings for Studios to 1-bedroom apartments on the SUUMO website as of March 14, 2012.Read more