Tuesday, September 15th, 2009
Dear International Investors,
I showed four apartments to my client on Sunday afternoon. The following is information of one of them.
Name: Takanawa Pair City (a unit on 6th floor)
Location: 4, Takanawa, Minato-ku, Tokyo (7-min walk to Shinagawa station)
Price: 49,800,000 yen
Floor area: 68.75 sq. meters
Structure: RC / 9 stories
Built in: 1976
Maintenance Fee: 22,070 yen/month
Repair Fund: 20,811 yen/month
Other features: In an exclusive residential neighborhood of Shinagawa, Sunny, Quiet, Nice view
Takanawa Pair City is an apartment building with unparalled stateliness. It is built on a 2,194-sq. meter land and is in a very quiet residential neighborhood of Shinagawa.
The 2-bedroom unit we saw is nice. It is sunny and quiet and has a nice view and proximity to greenery. But a bottleneck about the unit is that the room will probably need a major upgrade before delivery. Wallpaper and carpet must be replaced. And the upgrade will probably cost approximately 8,000,000 yen.
Shinagawa is a main gate of Tokyo. In fact, it has functioned as a check-point of the Tokaido which has been connecting Tokyo and other big cities of western Japan (e.g. Nagoya, Kyoto, and Osaka) for about 400 years. The areas around Shinagawa station are bustling with high-rise office buildings on the station’s east and southeast sides, with the world’s first-class hotels and low-rise, high-end, and quiet residential neighborhoods on the western side. Shinagawa is growing. It is a promising place for investment and residence.