Park City Osaki The Residence

Park City Osaki The Residence 1

Average price: 1,350,000 Yen/sqm
Size range: 42.38 ~ 95.66 sqm (456 ~ 1,029 sqft)

Area: Kita-Shinagawa, Shinagawa-ku

 ABOUT

Park City Osaki The Residence is part of the 3.6 hectare Kita Shinagawa 5 Chome Area 1 Redevelopment Project. This is a joint-venture development between Mitsui, Nippon Tochi Tatemono, Taisei, Daiwa House and Nippon Steel Kowa Real Estate. At the time it was one of the largest redevelopment projects currently underway within the Yamanote Loop Line.

Recent redevelopment in the area has led to an increase in land prices. According to the MLIT, the standard land price (kijun-chika) at a survey point in Kita Shinagawa increased by 6.3% in the 12 months to September 2013. This was the highest increase seen in residential land prices in Tokyo for the year.

In addition this 18-storey apartment building, there is also a 40-storey residential tower (sold out), 142m tall and 92m tall office towers and retail facilities.

Of the 116 apartments, 92 were made available for sale with the remaining 24 apartments going to land owners.

When new, apartments were priced from 85.4 ~ 112.5 million Yen, with an average price of around 1,200,000 Yen/sqm. All new apartments had sold out by November 2014.

 LOCATION

Osaki Station – 6 min walk

 BUILDING DETAILS
Completion:May 2015
No. of units:116
Construction:18 Stories
Construction Company:Taisei Corporation
Developers:Mitsui Fudosan Residential, Nippon Tochi Tatemono, Taisei Corporation, Daiwa House, Nippon Steel Kowa Real Estate
Carparking:47 spaces (28,000 ~ 45,000 Yen/month)
Land size:2205.87 sqm
Land ownership:Freehold
 IMAGES

Park City Osaki The Residence 3

Park City Osaki The Residence 2

 FLOOR PLANS
Park City Osaki The Residence 70B Floorplan
Apt. 501. 3-Bedroom 71.96 sqm (774 sqft) + 11.32 sqm balcony. Price when new: 85,600,000 Yen.
Park City Osaki The Residence 100A Floorplan
Apt. 1501. 3-Bedroom 95.14 sqm (1,024 sqft) + 14.74 sqm balcony. Price when new: 112,500,000 Yen.
 APARTMENTS PREVIOUSLY LISTED FOR SALE

The following is a list of apartments that were listed for sale in the past, or that have sold. Please understand that these apartments may no longer be available for sale.

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