The Parkhouse Harumi Towers Krono Residence

Average price: 1,000,000 Yen/sqm
Size range: 42.01 ~ 126.62 sqm (452 ~ 1362 sqft)

Location: Harumi, Chuo-ku

 ABOUT

Sales began in early 2012. All new apartments in Krono Residence had sold out by February 2014.

The Parkhouse Harumi Towers is a large-scale development located in the Tokyo Bay Harumi area. The building was designed under the guidance of New York based Richard Meier & Partners Architects. As part of the development, another condominium tower residence (The Park House Harumi Tiaro Residence) was built next-door and completed in April 2016.  Together, the two towers have 1,744 apartments.

Construction was completed by November 2013, and apartments were ready to move into by the end of March 2014.

The building features include a gym, kids room, guest suites, resident lounge, cafe lounge and a kitchen/party space. The tower was built using the base-isolation earthquake resistant construction method (called ‘menshin‘). This is the highest level of earthquake resistance and the most expensive option. It reduces the level of shaking and swaying in an earthquake.

Pricing

When brand new, apartments were priced from 28 ~ 210 million Yen, with an average price of 770,000 Yen/sqm.

Neighboring development

In 2014, Mitsui Fudosan Residential will begin construction of a 49-storey 180m tall residential tower called Park Tower Harumi on the vacant block to the east of The Parkhouse Harumi Towers. Completion was originally scheduled for June 2017 but has been delayed until June 2018. Sales have also been pushed back. More information can be found here.

There are a number of large-scale condominiums on these islands in Tokyo Bay including:

  • Brillia Ariake City Tower (600 apartments)
  • Brillia Ariake Sky Tower (1,089 apartments)
  • Capital Gate Place (702 apartments)
  • City Tower Ariake (483 apartments)
  • City Towers Toyosu The Symbol & The Twin (1,881 apartments)
  • Chuo Harumi 2 Chome Project (1,120 apartments)
  • Deux Tours Canal & Spa (1,450 apartments)
  • Kachidoki East District Development (3,020 apartments)
  • Kachidoki The Tower (1,420 apartments)
  • Kachidoki View Tower (712 apartments)
  • Park Tower Shinonome (585 apartments)
  • Skyz Tower & Garden (1,110 apartments)
  • The Wangan Tower Recs Garden (456 apartments)

The Harumi area is a man-made island that was completed in 1929. It was originally used for port facilities and factories, although these are slowly being replaced by commercial and residential buildings.

The south-western end of the island will be used as the Athlete’s Village in the 2020 Summer Olympics. As many as 24 buildings housing 17,000 residents will be built for the games. After the Olympics, these apartments may be released for sale, which will drastically add to the supply in this area.

Although the area is undergoing a gradual gentrification, there are still some factories, warehouses and industrial blocks which may impact on quality of life in the short term. The Olympics may help to speed things up, however.

One of the problems brought up during the Olympic bid was Harumi’s distance from subway stations. The nearest train station to The Parkhouse Harumi is Kachidoki Station, which is an 11 minute walk away. Residents in The Parkhouse Harumi Towers can use a shuttle bus to travel to Tsukishima, Ginza and Marunouchi, however it is not free.

Distance to transport is a very important factor for an apartment’s resale value. View more about factors influencing resale value here.

Shopping / Lifestyle:

  • Harumi Triton Square (supermarket, restaurants etc): 350m, 4 minute walk
  • : 1.2km, 15 minute walk
 LOCATION

Kachidoki Sta. – 11 min walk
Tsukishima Sta. – 14 min walk

 BUILDING DETAILS
Completion:November 2013
No. of units:883
Construction:49 Stories
Construction Company:Kajima Corporation
Developer:Mitsubishi Jisho Residence
Carparking:382 spaces (27,000 ~ 36,000 Yen/month)
Land size:14,925.81 sqm
Land ownership:Freehold
 IMAGES

The Parkhouse Harumi Towers Krono Residence 1

The Parkhouse Harumi Towers Krono Residence 2

The Parkhouse Harumi Towers Krono Residence 3

 FLOOR PLANS
^ 2-Bedroom 50A Type 56.79 sqm (611 sqft) + 10.25 sqm balcony.
^ #3219 1-Bedroom 42.53 sqm (458 sqft).
^ 3-Bedroom 70V Type 75.42 sqm (812 sqft) + 13.69 sqm balcony.
^ #4810 2-Bedroom 106.68 sqm (1148 sqft).
^ 3-Bedroom 110A Type 116.37 sqm (1252 sqft) + 22.78 sqm balcony.
 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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