Brillia Tama New Town sold out

All 684 apartments available for sale in Brillia Tama New Town have now sold out. Brillia Tama New Town is a large-scale redevelopment of the Suwa 2 Chome Jutaku housing complex in Tama City, Tokyo. The original buildings were completed in 1971 and contained 640 apartments. The demolition and reconstruction project is said to be the largest of its kind in Japan.

The new condominiums have a total of 1249 apartments, of which 565 were taken up by original residents (the remaining residents sold their ownership rights to the developer and moved elsewhere).

Apartments were released for sale in stages starting in April 2012. Over 4,500 people visited the sales office, and 829 buyers registered for the 684 apartments. One apartment received 27 applications. The majority of buyers are in their 30s and 40s, with a third aged over 50.

Apartments ranged in size from 57 ~ 95 sqm (613 ~ 1022 sqft) and were priced from 28.98 ~ 48.98 million Yen, or around 500,000 Yen/sqm.

The project will be completed in August 2013.

Location:  (Approximately 25km east of Shinjuku)

Tama New Town in 1973
The old danchi being demolished
The new apartment buildings

Source: Searchina, May 21, 2013.