HOT PROPERTY: Twin Tower Condominium – Brilla Towers Meguro
Meguro, conveniently located 2 stops away from Shibuya Station by Japan Railway Yamanote Loop Line, is receiving a major redevelopment project. The initial sounding – huge response.
Brilla Towers Meguro, a project by a major Tokyo-based developer Tokyo Tatemono (developer of OOTEMORI, where AMAN Tokyo is located), is a twin tower condominium with a total unit of 940. The south residence (tower) is 38 story high with 416 units and the north residence (tower) is 40 story high with 524 units. 279 units are allotted for the land owners and the rest – 661 units will be sold on the market.
Price is spanning from JPY 50,000,000 (USD 417,900)/30SQM to JPY 400,000,000 (USD USD 3.34 Mil )/150SQM. An average unit is 63SQM with an offering price of JPY 115,000,000 (USD 961,000). Both towers are equipped with a base isolation system (menshin) for anti-earthquake measure.
Related: Japan’s Anti-Earthquake Building Structure for High Rise Condominiums
So far, the developer has received 18,000 inquiries – way beyond the developer’s initial expectation. The first phase of sales with an allotment of 40% of the available unit goes on market in June 2015.
The total plot of development is 17,000SQM and a 27 story office tower is also planned. Plus, a quarter of plot is to be allotted for greenery – 900 trees are to be planted.
The project’s budget (including the office tower) is JPY 80 billion.
Image from Brilla Towers Meguro website