Sales in Harumi Flag on hold

On March 30, Jiji Press reported that off-the-plan sales in Harumi Flag have been temporarily suspended and the sales showroom closed. The large-scale condo complex on a manmade island in Tokyo Bay was initially planned to be used as the Athletes Village for the 2020 Olympics, but the postponement of the games has thrown a wrench into the scheduling of the post-Olympic refurbishment of the apartments. 

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Harumi Flag show room opens to buyers

Marketing for condo sales in Harumi Flag – the sprawling development that will be temporarily used as the Athlete’s Village for the 2020 Summer Olympics – is off to a strong start with over 1,000 interested buyers visiting the show room over the 10-day Golden Week holiday in late April.

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Sales details announced for new apartments at Athlete’s Village

Official sales marketing for the Athlete’s Village in Tokyo’s Harumi Island was announced last week. The Athlete’s Village will be completed in time for the 2020 Tokyo Olympics, with the buildings to be converted into a mix of condo-type and rental-type apartments afterwards. Some additional buildings will be completed after the Olympics have finished.

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Tokyo’s No. 2 Arterial Road to link bayside islands in 2022

The Tokyo government is aiming to have the No. 2 Arterial Road completed by 2022. This road will connect the man-made islands of Kachidoki, Harumi, Shin-Toyosu and Ariake with Shimbashi and provide more convenient access for trucks to access the new fish market and logistics facilities on the islands.

The opening of the road will be two years later than originally planned due to the delayed relocation of the Tsukiji Fish Market to Shin-Toyosu island. Part of the No. 2 road will need to pass through the fish market’s old location in Tsukiji, which means buildings will need to be demolished.

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Park Tower Harumi

Price when new: 46 ~ 230 million Yen (1,000,000 Yen/sqm)
Size range: 42.53 ~ 121.16 sqm (458 ~ 1,304 sq.ft)

Area: Harumi, Chuo-ku

 ABOUT

Sales began in June 2017.

Park Tower Harumi is a 48-storey high-rise apartment building under construction on the man-made island of Harumi in Tokyo Bay. Mitsui Fudosan Residential acquired the site for 1.7 billion Yen, or 887,200 Yen/sqm.

The building will contain 1,076 apartments. Facilities will include concierge, laundry room, a hyperbaric oxygen capsule, share cycles, indoor/outdoor camping facilities and several resident lounges.

Apartments on the top floor are priced from 1,500,000 ~ 1,815,000 Yen/sqm depending on direction, with south-east and south-west facing apartments having the highest prices. Apartments over 100 sqm in size are considered ‘Premium’ apartments and are located on the top 2 floors of the building.

2 bedroom apartments are priced from 56 million Yen, and 3 bedroom apartments are priced from 64 million Yen.

Because the building is a little far from transport, a shuttle bus will operate on certain times between the building and Tsukishima.

Completion is scheduled for May 2019 with apartments ready for delivery to buyers from September 2019. Construction was originally scheduled to be completed by June 2017, however the completion date has since been delayed by 2 years.

The northern side of the site was a former cement factory. This site is also earmarked for a potential redevelopment in the future.

Harumi Island was reclaimed in 1929 and originally used for port facilities and factories. The south-western end of the island will be home to the Athlete’s Village for the 2020 Tokyo Olympics. After the Olympics, the Village will be converted into residential apartments for rent or sale.

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2020 Olympics Athletes Village Plans Revealed

Tokyo Harumi Athletes Village Plan

The Tokyo Metropolitan Government announced the model plan for the 2020 Summer Olympics Athletes’ Village in Harumi, Chuo-ku, Tokyo.

There are plans for 22 residential buildings ranging from 14 ~ 17 stories. After the games, the apartments will be sold off as either rental apartment or condominiums. Two 50-storey high-rise apartment towers will also be built after the games, along with a school and retail facilities. A total of 6,000 apartments will be supplied.

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