15,000 Responses for the Leasehold Condominium in Sasazuka / Mitsui Fudosan Residential

Mitsui Fudosan Residential has revealed its leasehold condominium project Park Tower Shibuya Sasazuka, located in Shibuya Ward, Tokyo. The project has attracted strong interest, with about 15,000 entries received so far. The property, developed on a site about 8,153.83 m², will feature 659 units (643 for sale), in a 28‑story building with underground one level. The site is a component of the “Sasazuka Station South Exit District Redevelopment Project.”

Key features include:

• The building will have ZEH‑M Oriented environmental performance and seismic control (damping) structure.

• Mixed‐use composition: lower floors (1–2) will house commercial facilities, while communal amenities (lounge, outdoor library, play/work lounge, party rooms, guest rooms, rooftop sky terrace) will be distributed on other levels.

• Residential units span 1LDK to 4LDK (43.94 to 129.45 m²) across 58 layout types, with higher ceilings and upgraded finishes on the premium (top) floors.

• The project began accepting entries in May 2024; the model rooms saw 1,500 visiting groups.

• In the first sales phase (June 2025), 230 units sold out. The highest oversubscription was 12×, average was 1.8×. The average price was about ¥7 million per tsubo.

• Purchasers are mostly in their 30s–40s; many are families or “pre‑families” considering moving into central Tokyo.

• Phase 2 is scheduled to begin registration on October 11, 2025. Around 100 units will be offered, priced from about ¥70 million to ¥320 million, with the most frequent price band around ¥110 million.

For further details, please refer to the full article here.