The ARK Hills Sengokuyama Residence, in a new luxury high-rise in central Tokyo, was designed with an expat clientele in mind. Living rooms are larger than is common in Japan, in line with American and European tastes. The front-desk staff speaks both Japanese and English. On the ground level are upscale restaurants, a coffee shop, a mini-supermarket and a nursery school.
....
Rents at Sengokuyama range from $2,900 a month for a one-bedroom to more than $27,000 for a five-bedroom, while units for sale start from $715,000 for a one-bedroom. The most expensive unit—a five-bedroom, three-bathroom suite measuring nearly 4,500 square feet—recently sold for $14.6 million.
....
Tokyo's luxury-apartment market has been hit hard by the global downturn, credit crises and the rising yen. Rents in the section of Tokyo where Mori has many of its projects are down nearly 25% from early 2008, according to data compiled by real-estate brokerage Ken Corp.
....
....
Rents at Sengokuyama range from $2,900 a month for a one-bedroom to more than $27,000 for a five-bedroom, while units for sale start from $715,000 for a one-bedroom. The most expensive unit—a five-bedroom, three-bathroom suite measuring nearly 4,500 square feet—recently sold for $14.6 million.
....
Tokyo's luxury-apartment market has been hit hard by the global downturn, credit crises and the rising yen. Rents in the section of Tokyo where Mori has many of its projects are down nearly 25% from early 2008, according to data compiled by real-estate brokerage Ken Corp.
....
RSS Feed
