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
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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.
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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.
.
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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
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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
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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.
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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.
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