Skip Ribbon Commands
Skip to main content

News Release

Hong Kong

The Parkhouse Nakano Tower, Tokyo, Launches in Hong Kong

Great investment opportunity in JR Nakano Station Area's future


Hong Kong, 30 May 2016 – Japan's leading developer Mitsubishi Jisho Residence Co., Ltd. and Funenkosha, a non-profit incorporated foundation to promote disaster prevention in residences in the Greater Tokyo Metropolitan area, are launching a 24-storey residential project — The Parkhouse Nakano Tower at Nakano-ku, Tokyo.

The Parkhouse Nakano Tower comprises 178 units, consisting of one, two and three bedrooms. Prices for the units will start from JPY50,580,000 (approx. HKD3,580,000). All units come with a dishwasher, disposer, cooking stove and a ventilation hood in the kitchen. Floor heating is provided in the living and dining room.

The project is designed with the latest anti-earthquake technology "Damping Structure", which absorbs shakes. The design of the first floor common areas and 21st floor sky suits is the work of Royal Park Hotels and Resorts and Mec Design International of the Mitsubishi Estate Group. Their know-how for creating hotel spaces in pursuit of a welcoming and heartfelt atmosphere, as well as choice materials, is used to create sophisticated spaces. The luxury furnishings, lighting and artwork add grace to the elegant private space.

The project is close to two roofed shopping arcades — Nakano Sun Mall and Nakano Broadway. Two stations are conveniently located within a six-minute walk from the development: Japan Rail's Nakano Station and Metro Nakano Station connecting to three different rail lines: JR Chuo Line, JR Sobu Line and Metro Tozai Line. The Chuo Line Express train stops at JR Nakano Station and goes directly to Shinjuku and Tokyo Marunouchi CBD within 4 minutes and 17 minutes respectively. The Metro Tozai Line has straight access to Otemachi Financial District in 19 minutes.

The Nakano ku redevelopment plan which covered about 11ha of land having Nakano Station as the center, the phase 1 – Nakano: City of Four Seasons has been completed in 2012. The Nakano 5-Chome, where The Parkhouse Nakano Tower is located is also included within the whole redevelopment plan. Upon the completion of the revitalization, Nakano will be reborn as the new international city in Tokyo.

The project has appointed JLL as the sole agent. Mandy Wong, Head of International Residential Property Services at JLL in Hong Kong, said, "Negative interest rates adopted by the Bank of Japan have fueled Tokyo's real estate market, with demand for apartments in Tokyo continuing to increase. We expect investor interest in this region to continue, and investors will benefit from higher returns on the back of low bond yields and a clouded stock market outlook."

She continued: "Tokyo's Nakano is well known as a city of Japanese culture and subculture. Upon completing the redevelopment, Nakano will become the new energized active location in Tokyo. The asset values of properties in Nakano are likely to advance, with new projects in prime locations such as The Parkhouse Nakano Tower outstripping other projects of the capital city."


About Mitsubishi Jisho Residence Co., Ltd.

Through the Residential Business segment, Mitsubishi Jisho Residence Co., Ltd. aims to provide ideal living environments in concert with healthy and fulfilling lifestyles by developing, marketing and leasing condominiums, single-unit homes and residential land while engaging in renovation activities as well as condominium management and consulting services for the optimal use of real estate.

 

Hong Kong exhibition:

Time: 11am - 7pm, 4 - 5th June 2016 (Saturday - Sunday)

Venue: Di Room, 7/F, Landmark Mandarin Oriental Hotel, 15 Queen's Road Central, Hong Kong 

 

For more information about the project, please contact:

JLL Hong Kong – Mandy Wong

Mandy.Wong@ap.jll.com, (852) 2846 5782 or http://www.jllresidential.com/hk

 

– ends –