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

Location

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

Number of units for sale

8 units

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

64.76 m² (1 unit) to 106.26 m² (1 unit)

Balcony area

16.73 m² to 30.80 m²

Room layout

2LDK to 3LDK

Parking spaces

152 spaces for all 200 units of Wings G, H (including 2 spaces for visitors and 2 spaces forgoods loading. Usage fee: 36,000 yen - 50,000 yen)

Motorcycle parking spaces

10 spaces for all 200 units of Wings G, H (Usage fee: 3,000 yen)

Bicycle parking spaces

201 spaces for all 200 units of Wings G, H (Usage fee: 200 yen - 300 yen)

Storage room

0.49m²～1.53m² (Usage fee: 140 yen - 450 yen)

Building management fee (monthly)

22,350 yen to 36,680 yen

Management fee by wing (monthly)

5,500 yen to 9,030 yen

Building improvements fund (monthly)

1,270 yen to 9,030 yen

Apartment improvements fund by wing (monthly)

5,830 yen to 9,560 yen

Building improvements fund
(lump sum upon property transfer)

127,000 yen to 208,000 yen

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

583,000 yen to 956,000 yen

Selling price

65.4 million yen (building price: 22,874,035 yen, leasehold interest: 42,525,965 yen) - 133 million yen (building price: 70,352,106 yen, leasehold interest: 62,647,894 yen)
*The selling price includes the leasehold interest fee. The leasehold interest fee will be not be returned when the leasehold period is over.

Scheduled completion date

Late August 2013

Scheduled move-in date

Early November 2013

Order reception desk

Hiroo GARDEN FOREST Tsubaki Residence Gallary
Note: When applying for purchase, please bring your personal seal, income statement (for FY2010-2011), and ID (e.g., driver's license, passport, health insurance certificate, etc.).

Period of validity of this advertisement

End of June, 2012

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)

Monthly rental charges for each holder of a superficies right (rounded off to the nearest ten yen) = amount of taxes and public dues for the land x 1.5 x 1/12 x semi-shared amount for holders of superficies rights (Ground rent will change annually. This will be recalculated on September 1 each year)

Demolition preparation reserve (monthly)

1,200 yen to 2,000 yen

Demolition preparation reserve fund
(lump sum upon property transfer)

2,750,000 yen to 4,510,000 yen

Site Guide Map

We have designed three gardens for enjoyment from the Forest Suite with modern Japanese style interior design on the first floor of Kaede Residence Building D: the 'Scenery Garden' seen from the living and dining area, the 'Senses Garden' seen from the bedroom for a peaceful rest, and the 'Flowing Garden' for enjoying the sound of flowing water from the bathroom.

This is a guesthouse in the style of a suite provided to guests coming from afar for a relaxed stay.
※Reservation required.

Leasehold condominiums that promise an affluent urban life

There are no conditions when it comes to choosing a condominium as you paint your ideal image of living. However, while it may be simple to imagine your ideal life, the prices of urban condominiums often pose a dilemma. A highly satisfying condominium of your dream will be highly priced.

To that end, leasehold condominiums that promise an affluent urban life have been getting quite a lot of attention in the Tokyo metropolitan area in recent years. This type of housing is created under the newly established fixed tenant right system within the Act on Land and Building Lease put to effect since August 1, 1992.

It has become more important to consider how to utilize a piece of land, rather than owning it, and it was due to this that a system for land usage in terms of owning a building for a certain term (over 50 years) was devised.

Leasehold condominiums works under the system of not owning the land but the condominium built upon it based on land usage.

By not needing to purchase land, people can spend more on more spacious and high-quality housing.

What is the fixed tenant right for Hiroo Garden Forest?

Exterior Design
Inheriting history

By "living environment" it means not only the condominium but the environment inclusive of the entire residential town. A beautiful townscape is precisely the asset of the town. In order to inherit the history and blend in gracefully with the streets of Hiroo, we have opted for the zoning of medium-to-high-rise condominium complexes, instead of towers.