Nomura’s Proud Tower Shinonome sells out on 1st day of sales

In what appears to be good news for developers on Tokyo’s bay area, all of the apartments in Nomura Real Estate’s Proud Tower Shinonome Canal Court that went on sale this Monday received purchase applications on the same day.

The 52-storey, 600 unit residential tower is located on a reclaimed island on Tokyo Bay, an area that suffered from a  drop in popularity following the March 11 Tohoku disaster due to its liquefaction risks.

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