Same-day sellout in 29-storey Yokohama tower

Branz Tower Minato Mirai 1

Tokyu Land Corporation have seen strong demand for a 29-storey condominium tower currently under construction in Yokohama’s Minato Mirai waterfront area.

Branz Tower Minato Mirai’s sales office received over 6,000 inquiries before sales started, and all 150 apartments offered for sale in the first round of sales last month received purchase applications on the first day. An average of 2.4 applications were made on each apartment, with the most popular apartment receiving 19 applications. The building is now 75% sold.

Apartments were priced from 45.7 ~ 228.7 million Yen, with an average price of around 1,330,000 Yen/sqm.

Any buyers? Minato Mirai’s deficit difficulties lead to last minute sales tactics

Commission for anyone who can sell the remaining land in Minato Mirai.

Minato Mirai 21 (MM) is a 186 hectare waterfront business district in Yokohama, and is home to the Yokohama Landmark Tower. The land reclamation (40% of the area) and urban renewal project began in 1983, but there are still some large parcels of undeveloped land that the city is desperately trying to sell.

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