2015/06/17

High-Rise Condominiums

Among newly built condominiums, those with 20 stories or higher have become extremely popular, and the supply of such residences in urban areas and in major cities in regional areas have been increasing. Ever since Tokyo was chosen to host the 2020 Olympic Games, such high-rise residence buildings have been constructed successively, especially in the Tokyo Bay area. Here we will introduce three popular condominiums found on the list of the most favored high-rise condominiums.

SKYZ TOWER&GARDEN・BAYZ TOWER&GARDEN
These high-rise condominiums, a large scale development on an approx. 3.2ha site, are the product of six developers, located about a 12 to 14 minute-walk from Toyosu Station on the Tokyo Metro Yurakucho Line. SKYZ has 44 stories above ground with 1,100 units, while BAYS will be 31 stories high and have 550 units. Common-use facilities such as the lounge, swimming pool, gym and barbecue terrace are well planned and established. The average price per tsubo is estimated to be around 2.5 million yen (US$562/sqft) for SKYZ, and around 2.7 million yen (US$607/sqft) for BAYS; these prices are in a reasonable price range compared to prices of similar high-rise residences in central Tokyo. SKYZ started selling units in July 2013 and sold out in about 9 months. Its construction was completed in August 2014 and all residents moved in by March 2015. BAYS started selling units in June 2014 and sold out in about 9 months; its construction is planned to be completed in July 2016.
Brillia Towers Meguro
This is a massive scale mixed-use development featuring “residences, businesses and offices.” Located just in front of Meguro Station on the JR Yamanote-Line, these 40 and 38 storied-twin tower residences, adjacent to a 27 storied office building, will be constructed on a 17,000 m2 site, afforested with approx. 900 trees. The total number of units available at the South Residence and the North Residence will be 945 units. The average price per tsubo is estimated to be approx. 6 million yen (US$1,349/sqft), reflecting the genuine scale of this project. The selling of residential units will start in July 2015 and the construction is planned to be completed in December 2017.
The Parkhouse Nishi Shinjuku Tower 60
The Parkhouse Nishi Shinjuku Tower 60 will be a residential tower in a forest. The construction site for Japan’s tallest residential building, with 60 stories and 954 units, is located in an extensive, approx. 1.5 ha., redevelopment area in Nishi-Shinjuku 5-chome, a 9 minute-walk from Nishi-Shinjuku Station on the Tokyo Metro Marunouchi Line. The concept of this residential tower is to make Nishi-Shinjuku its residents’ hometown, and the floor plans are from 2LDK to 3LDK. The average price per tsubo is estimated to be approx. 3.5 million yen (US$787/sqft). The selling of residential units started in February 2015, and some units are still available; the construction is planned to be completed in July 2017.

High-rise residential towers are being constructed one after another in many other areas. The common features of such residential towers are satisfying facilities, such as lounges with views, party rooms and guest rooms. Wonderful resident-only facilities, multiple-locking security systems and concierge services are undoubtedly attractive to everyone. It is highly recommended that you participate in a viewing tour and take a look at the model rooms yourself.


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ARA Jingumae Building, 3-4-9 Jingumae
Shibuya-ku, Tokyo 150-0001
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