Park City Osaki The Residence
Average price: 1,350,000 Yen/sqm
Size range: 42.38 ~ 95.66 sqm (456 ~ 1,029 sqft)
Area: Kita-Shinagawa, Shinagawa-ku
ABOUT |
Park City Osaki The Residence is part of the 3.6 hectare Kita Shinagawa 5 Chome Area 1 Redevelopment Project. This is a joint-venture development between Mitsui, Nippon Tochi Tatemono, Taisei, Daiwa House and Nippon Steel Kowa Real Estate. At the time it was one of the largest redevelopment projects currently underway within the Yamanote Loop Line.
Recent redevelopment in the area has led to an increase in land prices. According to the MLIT, the standard land price (kijun-chika) at a survey point in Kita Shinagawa increased by 6.3% in the 12 months to September 2013. This was the highest increase seen in residential land prices in Tokyo for the year.
In addition this 18-storey apartment building, there is also a 40-storey residential tower (sold out), 142m tall and 92m tall office towers and retail facilities.
Of the 116 apartments, 92 were made available for sale with the remaining 24 apartments going to land owners.
When new, apartments were priced from 85.4 ~ 112.5 million Yen, with an average price of around 1,200,000 Yen/sqm. All new apartments had sold out by November 2014.
LOCATION |
Kita-Shinagawa 5 Chome, Shinagawa-ku, Tokyo
Osaki Station – 6 min walk
BUILDING DETAILS |
Completion: | May 2015 |
No. of units: | 116 |
Construction: | 18 Stories |
Construction Company: | Taisei Corporation |
Developers: | Mitsui Fudosan Residential, Nippon Tochi Tatemono, Taisei Corporation, Daiwa House, Nippon Steel Kowa Real Estate |
Carparking: | 47 spaces (28,000 ~ 45,000 Yen/month) |
Land size: | 2205.87 sqm |
Land ownership: | Freehold |
IMAGES |
FLOOR PLANS |
APARTMENTS PREVIOUSLY LISTED FOR SALE |
The following is a list of apartments that were listed for sale in the past, or that have sold. Please understand that these apartments may no longer be available for sale. This content is available to paid subscribers only. To join our paid subscription and access data and over 3,100 news articles on Japan's real estate market, please register here. Already a paid member? Log-in here.