The Parkhouse Nishi-Shinjuku Tower 60
The Parkhouse Nishi-Shinjuku Tower 60 NISHI-SHINJUKU 5-CHOME, SHINJUKU-KU, TOKYO Location: Nishi-Shinjuku 5-chome, Shinjuku-ku, Tokyo (the postal address will be given after the completion) Land Parcel: 700 Nishi-Shinjuku 5-chome, Shinjuku-ku, Tokyo Developer(s): Mitsubishi Jisho Residential Co., Ltd. Sotetsu Real Estate Co., Ltd. Marubeni Corporation Local Authority: Shinjuku-ku Page 1 of 7 Total Number of Units: 954 (including 177 units allocated to the local project partners) Land Area: 7,530. 65 sqm (Circa 81,062 sqf) Builder: Fujita Corporation Architect: Fujita Corporation Tenure: Freehold Building warranty: 10-year building warranty from completion of the building Est. Completion: July 2017 (Est. Key handover: November 2017) Development: This is an amazing opportunity to invest in the new landmark of NishiShinjuku. The Parkhouse Nishi-Shinjuku Tower 60 is a new high-rise residential building with 60 stories, standing at 208.97 meters tall. This will be the tallest residential building in Tokyo and the second tallest residential building in Japan. The building is supported by a solid land base, and the structure is fitted with damping systems which ensures that it is antiearthquake. The building has also been designated as a disaster prevention shelter. The Parkhouse Nishi-Shinjuku Tower 60 offers 1 to 3 bedrooms. On-site facilities include luxurious entrance halls, a fitness gym, café and library supported by Kinokuniya, function rooms and view lounge on level 44 providing residents with a place to relax and have a drink from the bar. Shinjuku station and its surrounding area is Tokyo’s most vibrant commercial center. It has major department stores within walking distance such as Shinjuku Odakyu Department Store, HALC, Keio Department Store, Isetan and Takashimaya Times Square. There is a large-scale park nearby to this development with a variety of other shops, providing an excellent lifestyle. Purchasers have an option to obtain a guaranteed lease by the master lease management company, Ken Real Estate Lease Co., Ltd. Page 2 of 7 Location: The Parkhouse Nishi-Shinjuku Tower 60 is situated in the west side of Shinjuku station, where many other large developments are located. NishiShinjuku has always been Tokyo’s symbolic area for its skyscrapers. NishiShinjuku’s history of skyscrapers started with Keio Plaza Hotel in 1970s as part of Shinjuku Subcenter Plan. Since then, several tall buildings have been constructed, including the famous Tokyo Metropolitan Government Building designed by Kisho Kurokawa. The Shinjuku area is currently under major redevelopment. The new Shinjuku Station South Entrance Building, a new landmark that is being erected on the south side of the Shinjuku Station, is scheduled for completion in 2016. The building will accommodate offices and cultural facilities. The residents benefit from the vast array of shopping options and restaurants/bars that are not far from nearby office buildings. The transportation infrastructure is the most advanced in the world. The lifestyle, the recreation and the sheer exuberance radiating from Shinjuku signifies its global importance. The district continues to remain one of the strongest single symbols of economic growth in Japan. . Page 3 of 7 Transport: 4 stations with 3 lines are available in the vicinity: Residents can walk to Nishi-Shinjuku station within 9 minutes and take Marunouchi line, which leads to many of the major stations such as Shinjuku, Akasaka Mitsuke, Ginza, Tokyo and Ikebukuro. Residents will also have access to Roppongi and Tsukiji directly from Nishi-Shinjuku 5-chome station of Toei Oedo line. Car Parking: Parking spaces are available for rent at ¥25,000 – ¥30,000 (Approx. S$284 – S$341, S$1=¥88) per month subject to availability Income Tax: 5% - 40%, depending on the amount of rental income Capital Gains Tax: (on disposal) 15% - from the first January after 5 years of ownership 30% - before the first January after 5 years of ownership Gross Guaranteed Rental Return: 1 Bedroom / 1 Bedroom +S 2 Bedroom / 2 Bedroom +S 3 Bedroom Page 4 of 7 3.9% – 4.2% per annum 3.9% – 4.2% per annum 4.0% – 4.1% per annum Letting Fee to Managing Agent: Guaranteed Pass-through Included in the rent Management (approximately Fee 20% of market rent is deducted) 5% of contracted rent Letting Fee 1-month rent upon successful leasing (Plus 1-month rent for administration fee Not applicable Legal Advisory Charge: S$1,500 (inclusive of GST) per unit Scope of Work 1. Assist the client in reviewing the legal documents including the Sales and Purchase Agreement 2. Assist the client in signing on documents in Japanese Statutory Broker: Jones Lang LaSalle K.K. Akihiko Watanabe (Mr.) +81 3 5501 9250 akihiko.watanabe@ap.jll.com Page 5 of 7 TERMS OF PAYMENT 1) Refundable booking fee of S$2,000 is payable upon reservation / exchange of contracts. 2) Down payment of 10% of purchase price is payable no later than 3 April 2015. Booking fee shall be refunded upon payment of Down payment. 3) Exchange of contracts is scheduled on 8 – 10 April 2015 in Singapore. 4) Balance of 90% of the purchase price is payable no later than the date set in mid October 2017. 5) Delivery of property in November 2017. Important to note: 1. Mitsubishi Jisho Residence Co., Ltd. and Jones Lang LaSalle K.K. (Tokyo) shall conduct scheduled explanatory sessions of Legal Report in front of Purchasers (no substitute) prior to exchange of contracts. 2. Prior to delivery of property, Purchaser or authorized representative shall conduct a physical inspection of the unit and check the condition. 3. The developers will repair any defects (if found) prior to delivery of property 4. Delivery of property and keys shall be conducted in Tokyo by Purchaser or authorized representative 5. Purchaser shall bear own stamp duty and other taxes at exchange of contracts and delivery of property 6. All payments shall be made in Japanese yen 7. Cost of currency exchange, remittance fee and lifting charges for both the sending bank and the receiving bank shall be borne by Purchaser 8. Non-refundable in the event that the Purchaser fails to obtain debt financing and Down payment shall be forfeited DOCUMENTATION REQUIRED FOR EXCHANGE OF CONTRACTS (1) Photo Identification – National Identification Card (FOR SINGAPOREANS) (2) Passport or any other official identification document issued by a public authority with name, address, date of birth and photo If the purchase is being done in a company name then the following must be provided: a) A copy of the Certificate of Incorporation and Memorandum of Articles and Association. b) Evidence of the Company’s registered address. DOCUMENTATION REQUIRED BEFORE DELIVERY (1) Affidavit with notarial certificate for each purchaser a) For Singaporeans: Affidavits and notarial certificates are to be prepared by a Singapore Notary Public or if they reside overseas at the Singapore Embassy in country of residence. b) For Non-Singaporeans: Affidavits and notarial certificates are to be prepared by a Notary Public of their home country or at the respective Embassy in Singapore. Page 6 of 7 RECOMMENDED LEGAL ADVISOR Mr. Masato Yamanaka Nishimura & Asahi (Singapore) LLP 8 Robinson Road, #14-00, Singapore 048544 TEL +65 6922 7672 m_yamanaka@jurists.co.jp http://www.jurists.co.jp/en/ RECOMMENDED TAX ADVISOR Mr. Kazuki Hosokai (Managing Director) Earth Tax Business Consulting (Singapore) Pte. Ltd 30 Raffles Place, Level 17, Chevron House, Singapore 048622 TEL +65 6809 6276 kazuki.hosokai@earth-tax.com RECOMMENDED MANAGING AGENT Property Management Team KEN Real Estate Lease Co., Ltd. TEL +81- 3-5413-5677 p_management@ken-lease.co.jp For further enquiries, please contact: MRS. DORIS TAN CEA Reg no. R016994G doris.tan@ap.jll.com Jones Lang LaSalle Residential Pte Ltd 9 Raffles Place, 39-00 Republic Plaza Singapore 048619 T: (65) 6220 3888 F: (65) 6225 3165 Email: Intl.sales@ap.jll.com Website: www.jllresidential.com/sg Business Registration No: 200805263G ® Jones Lang LaSalle Residential Pte Ltd CEA Licence No: L3010359I 9 Raffles Place #39-00 Republic Plaza Singapore 048619 Tel: +65 6220 3888 Fax:+65 62253165 Intl.sales@ap.jll.com www.jllresidential.com/sg/ips Jones Lang LaSalle Residential Pte Ltd for themselves and for the vendors or lessors of this property whose agents they are, give notice that the particulars do not constitute, nor constitute any part of an offer or a contract. All statements, contained in these particulars as to this property are made without responsibility on the part of Jones Lang LaSalle Residential Pte Ltd, or vendors or lessors. All descriptions, dimensions, and other particulars are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of the each of them. No person in the employment of Jones Lang LaSalle Residential Pte Ltd has any authority to make or give any representation or warranty whatever in relation to this property. Page 7 of 7
© Copyright 2024