Overall Summary

Location

4-1-50-2 Hiroo, Shibuya-ku, Tokyo

Access

9 minutes on foot from the Tokyo Metro Hibiya Line Hiroo Station to the Grand Gate, 11 minutes on foot to Tsubaki Residence

Total planned number of residences

674 units (Sakura Residence A Wing 123 units, B Wing 74 units; Kaede Residence C Wing 117 units, D Wing 40 units; Shirakaba Residence E Wing 39 units, F Wing 81 units; Tsubaki Residence G Wing 99 units, H Wing 101 units) *This includes 34 units for cooperating business partner residences.

Authorization number for a single apartment block

18 Municipal Construction No. 0427 (Date: July 13, 2006)

Zoning

Class 2 Medium High Rise Residence

Seller and marketing alliance (representative)

Mitsui Fudosan Residential Co., Ltd.
Minister of Land, Infrastructure and Transport (2) 7259; Member, Real Estate Companies Association of Japan; Member, Association of Real Estate Agents of Japan; Participant, Real Estate Fair Trade Council
3-1-20 Nihonbashi-Muromachi, Chuo-ku, Tokyo (Mitsui Annex)

Seller and marketing alliance (representative)

Mitsubishi Jisho Residence., Ltd.
Minister of Land, Infrastructure and Transport (13) 408; Member, Real Estate Companies Association of Japan; Member, Association of Real Estate Agents of Japan; Participant, Real Estate Fair Trade Council
1-6-1 Otemachi Building, Otemachi, Chiyodaku, Tokyo 100-8189

Marketing alliance (agency)

Mizuho Trust & Banking Co., Ltd.
Authorization Form No. 2; Member, Real Estate Companies Association of Japan; Member, Association of Real Estate Agents of Japan; Participant, Real Estate Fair Trade Council
1-2-1 Yaesu, Chuo-ku, Tokyo, Japan

Management company

Mitsui Fudosan Housing Service Co., Ltd.

Management format

Management association consisting of all comparted ownership owners; property management consigned to a management company.

Design and supervision

Mitsubishi Estate Company, Ltd.,

Construction company

Kajima Corporation

*The authorization number for a single apartment block was gained in concert with the Japan Red Cross Society Hiroo Redevelopment Project.
*There is a post office and meeting room in the Annex (business wing).
*Part of the land and common areas of this condominium will also be used by people from the Japan Red Cross Society and business wing users.

Tsubaki Residence advance notice overview

Location

4-1-50 Hiroo, Shibuya-ku, Tokyo

Number of units for sale

To be determined *Will be announced with the advertisement.

Construction certification number

G/H Wings: UHEC Construction Cert. No. 22406 (Date: December 28, 2010) Change Application: UHEC Construction Cert. No. 22406 change 1 (Date: May 16, 2011)

Land area

9,710.38 m²

Building area

2,828.99 m²

Total floor area

30,052.40 m²

Structure and scale

G: Steel reinforced concrete structure 12 above-ground floors, 1 underground floor, H: Steel reinforced concrete structure 13 above-ground floors, 1 underground floor

Residential interior living area

59.84 m² (1 unit) to 191.10 m² (1 unit)

Balcony area

5.43 m² to 42.86 m²

Room layout

1LDK to 3LDK

Parking spaces

152 parking spaces for all 200 units of Wings G, H (including 2 for guests, 2 spaces for goods loading; usage fees to be determined)

Bicycle parking spaces

201 spaces for all 200 units of Wings G, H (usage fees to be determined)

Storage room

0.49m² to 1.53m² (usage fees to be determined)

Motorcycle parking spaces

21 spaces for all 474 units, 3 spaces for the Annex (business wing). (Usage fee: 3,000 yen per month)

Building management fee (monthly)

To be determined

Management fee by wing (monthly)

To be determined

Building improvements fund (monthly)

To be determined

Apartment improvements fund by wing (monthly)

To be determined

Building improvements fund
(lump sum upon property transfer)

To be determined

Apartment improvements fund by wing
(lump sum upon property transfer)

To be determined

Planned selling price

60 million yen range - 380 million yen range (breakdown: leasehold interest, building price) * 10 million yen increments
*The selling price includes the leasehold interest fee. The leasehold interest fee will be not be returned when the leasehold period is over.

Planned popular price range

110 million yen range (1 million yen increments)

Planned sale date

Late October, 2011
Advance notice advertisement
Note: We cannot complete sales agreements, accept reservations, or guarantee the order of applications before sales begin. Thank you for your understanding.

Planned completion date

To be determined

Planned move-in period

To be determined

Note: Due to the earthquake disaster the delivery of construction materials etc. is currently indeterminate which may lead to delays in the scheduled completion and move-in dates.
Note: The minimum/maximum area and planned popular price range/planned price for the units (division) will be the areas and prices corresponding to the total number of units of Tsubaki Residence (Wings G, H).

Overview of Term Leasehold

Form of title after sale

Land: Term leasehold interest (superficies)
Building: Divided ownership by occupied area

Type of leasehold

Ground rent: Common leasehold (superficies)

Ongoing Period

It is a condition that it be returned to a vacant lot until August, 2063, after the term has finished.
There will be absolutely no extension of term due to requests for purchase of the building or renewal of contract, or for building remodeling.

Transfer or subleasing of leasehold

Possible. However, advance notice and consent of the landlord or lender is required.
To comply with the Leasehold Register (approval fee waived)

Ground rent (monthly)

To be determined

Demolition preparation reserve (monthly)

To be determined

Demolition preparation reserve fund
(lump sum upon property transfer)

To be determined

*The above property summary is as of August 23, 2011. The next update is scheduled for late September 2011.