Mori Trust is developing a luxury apartment building atop the Motoazabu neighbourhood in central Tokyo. Takenaka Corporation, one of Japan’s top construction giants, will start construction on Foretseine Motoazabu 2 Chome in July 2017. Completion is due for the end of December 2018. The 5-storey building will have just 17 spaciously sized apartments.
This project will be part of Mori’s ‘Foretseine’ brand of high-end residences. Their most recent project was Foretseine Akasaka Hinokizaka near Tokyo Midtown. When sales began in late 2014, apartments were priced between 1.5 ~ 2.8 million Yen/sqm and all apartments had sold off-the-plan prior to completion. Re-sale listings in 2016 have had an average asking price of around 3 million Yen/sqm.
The land is approximately 1,100 sqm in size, while the building will have a total floor area of 3,500 sqm (37,660 sq ft).