Same-day sellout in The Parkhouse Higashi Ginza
All 28 apartments offered during the first round of sales in Mitsubishi Jisho Residence’s The Parkhouse Higashi Ginza sold out on the same day.
The 13-storey apartment building is located a 1 minute walk from Shintomicho Station and is 700 meters from Ginza’s Chuo Dori Street. Apartments range in size from 70 ~ 81 sqm (753 ~ 872 sqft) and are all 3-bedrooms. Prices ranged from 74 ~ 108 million Yen (640,000 ~ 920,000 USD), with an average price of around 1,240,000 Yen/sqm.
The sales office received 1,587 inquiries and had 276 groups visit the showroom. Each apartment received an average of 1.9 purchase applications, with the most popular apartment receiving 5 applications. The lucky buyers were selected via a lottery-type system.Read more
Wellith Ginza 2 Chome
Average price: 2,000,000 Yen/sqm
Size range: 40.07 ~ 80.21 sqm (431 ~ 863 sqft)
Location: Ginza, Chuo-ku
| ABOUT |
Wellith Ginza 2 Chome is located 600 meters from the famous Ginza 4 Chome Crossing (Mitsukoshi and Wako Department Stores) and 360 meters from Chuo Dori Avenue.
Construction was completed at the end of February 2015, and apartments were ready for delivery by early August 2015.
When new, apartments were priced from 62.3 ~ 209 million Yen+, with an average price of around 1,920,000 Yen/sqm. All new apartments had sold out by July 2015.
Park Luxe Ginza mono
Average price: 1,500,000 Yen/sqm
Size range: 25.23 ~ 72.66 sqm (271 ~ 782 sqft)
Area: Ginza, Chuo-ku
| ABOUT |
Sales were scheduled to begin at the end of October 2014 but were delayed until February 2015. All apartments had sold out by April 2015. When new, apartments were priced from 31.88 ~ 93.88 million Yen with an average price of around 1,280,000 Yen/sqm.
Park Luxe Ginza mono is located within the Ginza address, but the surrounding neighbourhood is a little different from the boutique-lined stores in Ginza's famed shopping area. The closest train station is Tsukijishijo Station near the Tsukiji fish market. The fish market is a prime tourist attraction but is scheduled for relocation to the man-made island of Toyosu in Tokyo Bay. The former market will then be demolished and redeveloped.Read more
TEPCO sells Ginza building for 23.4 billion Yen
The Tokyo Electric Power Company (TEPCO) have sold a building and land in Ginza 3 Chome to the Yomiuri Shimbun newspaper company for 23.455 billion Yen (240 million USD).
Yomiuri will acquire the 1152 sqm (12,400 sqft) block of land on September 2. They will purchase the building separately in March 2016 for 100 million Yen. The reason for the delay is due to the time required to remove a transformer substation located in the building's basement. In the meantime, TEPCO will pay rent to Yomiuri and continue to use the building.Read more
81-year old building in Ginza saved from demolition
A historic brick building fronting Ginza's Showa Dori Avenue has been saved from demolition after the new owner had a change of heart and scrapped his redevelopment plans in favour of restoring the 81 year old building.Read more
Konami acquires Hotel Seiyo Ginza building
Gaming company Konami Corporation have purchased the Hotel Seiyo Ginza building from Tokyo Theatres for 17.8 billion Yen (180 million USD). Konami plans to convert the hotel into commercial space to be used as gaming development offices. Some of their 3,000 staff in Roppongi will relocate to the Ginza location. They will also develop event spaces which can be used to hold gaming conventions.
The 12 storey building has a total floor area of approximately 19,000 sqm (204,000 sqft) and is on a 2254 sqm block of land. The hotel was opened at the beginning of Japan's bubble in 1987. The 77-room hotel was the first in Japan to offer concierge services. In 2000, Seiyo Corporation filed for bankruptcy and the building was sold to Tokyo Theatres Co. Read more