Buyers begin moving into the recently completed Wellith Arisugawa condominium in Minamiazabu today. The luxury low-rise apartment building is located just a few minutes from Hiroo Station and Arisugawa Park and is the only condominium to be built in the exclusive Minamiazabu 5 Chome address in the last eight years.
Sales began in October 2012 and 52 of the 57 apartments have already sold. Prices ranged from 84.8 to 599 million Yen (834,000 ~ 5.9 million USD), with an average price of approximately 1,630,000 Yen/sqm (16,000 USD/sqm).
The building features an Italian portoro marble entranceway, a foyer with a 9m high water feature and a resident-only function/party room with wine cellar. It was built using the base-isolation (menshin) type of earthquake-resistant construction, which is usually only reserved for high-rise buildings.
Source: NTT Urban Development Corporation News Release, November 26, 2013.