All 47 apartments offered in the first round of sales in Mitsubishi’s The Parkhouse Shinjuku Gyoen condominium received applications on the first day. The building is now 90% sold.
An average of 2.1 purchase applications were made on each apartment, with the most popular apartment receiving 8 applications. The sales office received over 3,400 inquiries and had 600 groups through the show room since early March.
The high-end building is located just 1 minute’s walk from Shinjuku Gyoenmae Station on the Marunouchi Subway Line and directly across the street from the Shinjuku Gyoen National Garden.
In the first round of sales, apartments were priced from 64 ~ 269 million Yen (581,000 ~ 2,440,000 USD), and ranged in size from 55 ~ 100 sqm (592 ~ 1,076 sq.ft).
The next round of sales is scheduled to start in early June, with 80 ~ 100 sqm units to be priced from 134 ~ 205 million Yen (1,217,000 ~ 1,861,000 USD).
The building is scheduled for completion by October 2017, with apartments ready for delivery to buyers from late November 2017.
Source: The Jutaku Shinpo, May 9, 2016.