Sales in The Parkhouse Hiroo Hanezawa off to a great start

The first round of sales in The Parkhouse Hiroo Hanezawa began at the end of May. All of the 27 apartments made available for purchase in the first round were sold. They ranged in size from 43 to 152 sqm (462 ~ 1635 sqft) and were priced from 46 ~ 275 million Yen. 17 of the apartments were priced over 100 million Yen.

The sales office received 33 purchase applications for the 27 apartments. The most popular apartments were 2-bedroom types priced around 85 million Yen and 3-bedroom types priced around 128 million Yen. 

Sales of apartments in The Parkhouse Hiroo Hanezawa begin this month

Mitsubishi Jisho Residence will begin sales of apartments in The Parkhouse Hiroo Hanezawa.

Readers may remember that these apartments are being built on the site of the former Hanezawa Garden – home of Yoshikoto Nakamura (1867 – 1927). Mr. Nakamura was a former Mayor of Tokyo, Railroad Minister and second Chairman of the South Manchurian Railway Company. The original house (c1915) had been used as a wedding facility / reception hall since the 1950s.

Mitsubishi acquired the site in 2011 and demolished the house in early 2012, much to the dismay of neighbours.

Tokyo’s disappearing architecture

Buildings dating from the Meiji era (1868-1912) up until pre-war are slowly disappearing in Tokyo and it’s not because of earthquakes or poor construction, but due to owners selling off their properties to developers. A recent survey by a research group made up of local architects has found that in the 30 years up until 2010, 73% of these buildings in Tokyo’s 23 wards have been demolished. In Chuo-ku and Shibuya-ku, over 80% of buildings were lost.

Over half of the buildings were owned by private individuals or companies. The research group said that a public preservation system is essential to protect more buildings from meeting the same fate.