The Parkhouse Harumi Towers

HARUMI 2-CHOME, CHUO-KU, TOKYO

Location:

Harumi 2-chome, Chuo-ku, Tokyo

(the address will be given after the completion)

Land Parcel:

108, 109 Harumi 2-chome, Chuo-ku, Tokyo

The Parkhouse
Harumi Towers

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The Parkhouse
Harumi Towers

Developer(s):

Mitsubishi Jisho Residential Co., Ltd.

Kajima Corporation

Local Authority:

Chuo-ku

Total Number of Units:

1,744

Land Area:

29,882.44sqm (Circa 321,662sqf)

Builder:

Kajima Corporation

Architect:

Mitsubishi Jisho Sekkei Inc.

Tenure:

Freehold

Building warranty:

10-year building warranty from completion of the building

Est. Completion:

Krono Residence: March 2014, Tiaro Residence: August 2016

Development:

Seizing the panoramic view of the waterfront canal, The Parkhouse

Harumi Towers is a flagship project of Mitsubishi Jisho Residence
Co., Ltd. and Kajima Corporation. The former being Japans top
condominium supplier in 2011, and the latter, the countrys major
general contractor, the development will consist of super high-rise
twin residential towers that are dominant on the waterfront of Tokyo
Bay. Both consisting of 49 stories above ground, the 1st tower
Krono Residence (883 units; completion in Nov. 2013) offers 1~
3Bed Rooms, while the 2nd tower Tiaro Residence (861 units;
completion in Apr. 2016) offers 1 ~ 4Bed Rooms including more
spacious premium units. The exterior and entrance of both towers

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as well as the landscape were designed by Richard Meier, the

youngest Pritzkar Architecture Prize laureate at that time.
The attractiveness of living in mega-condos, among others, would
be the full-fledged common spaces and facilities. Luxurious
entrance halls, hotel-like lounges (including the view lounge on 30F
where residents can relax with drinks from the bar counter while
gazing at the glittering bay-view in the twilight), rooftop gardens,
party studio with a kitchen, guest rooms, fitness room, kids room,
golf range. Concierge service and car sharing service etc. are
also available.
Although the propertys diverse charms can be hardly thumb nailed,
the sense of liberty you enjoy on the waterfront, enriched by the
lush greenery, is one of the outstanding characteristics of Harumi
area, providing an ideal environment for raising children. While
schools, hospitals, supermarkets and shopping centers are all
within the walking distance, shuttle buses are also available to
major destinations including east-Ginza, Nihonbashi, Marunouchi,
and so on. Living in the refreshing waterfront park city and
benefiting from the great access to workplaces in central Tokyo,
residents can also enjoy private outings to various venues for fine
dining, shopping, theater, art or indulge themselves with drinks at
authentic bars in Ginza area in the evening after work, and take the
exclusive shuttle service (from Ginza 6-Chome) straight home.
Everyones longing lifestyle can be all yours.
Location:

The twin towers are situated in the lively residential area,

overlooking the canal to the south. The skyscrapers will be bathed
in the morning sun from the east side, with the view of Rainbow
Bridge and the surrounding Tokyo Bay area to the west, while on
the north side, the spectacular view of the metropolitan district
spreads before your eyes.
Despite the total population decline in Japan, Harumi area
experiences significant population growth, representing Chuo-ku
(ward) that boasts the highest increase rate not only in Tokyo but
also throughout the country, among cities with population over
100,000. (According to the national census taken every 5 years,
Chuo-kus population grew by 35.67% during 2000 ~ 2005 and
24.83% during 2005 ~ 2010, while that of Tokyo showed 4.25% and
4.65% respectively for the same period.)
With Tokyo being one of the three candidate sites for the 2020
Olympics, the area is also set aside for the prospective athletes
village, foreseeing the possibility of drastic changes. The area will
continue to attract public attention and mass media throughout the
years, stimulating both the on-going and the latent demands.

.
Transport:

2 Metro lines are available in the vicinity: Residents can take either
Oedo Line from Kachidoki Sta. or Yurakucho Line from Tsukishima
Sta., both within 14-minute walk from the both towers.
Metropolitan buses are also running in the area, although residents
can take advantage of the exclusive shuttle bus service on
weekdays that enable door-to-door access to gateway areas in
central Tokyo. Destinations will include Tsukishima (4 minutes) and
East-Ginza (10 minutes) during morning commute, and Nihonbashi
and Marunouchi in the day time, providing hassle-free rides

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regardless of weather and exempt from the packed trains for the
most part. Homebound shuttles are also available in the evening
from Ginza 6-Chome that will take you direct to the entrance of the
condos.

Car Parking:

Parking spaces are available for rent at 27,000 36,000 (S$355

S$474) per month subject to availability

*Numbers in Singapore dollars are for reference only (calculated at SGD1=JPY76)

The costs below are only a guide, please consult the relevant authorities.
One Time Payment Upon Completion
Estimated Real Estate
Acquisition Tax:

Estimated Registration
and License Tax:

Document Stamp Tax:

Estimated Initial Repair

Examples
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Krono 2821 (40G)

Knoro 3612 (60L)
Tiaro 1305 (t70P)
Tiaro 1601 (t80I)

0=
9,840 =
363,300 =
474,800 =

S$0
S$129
S$4,780
S$6,247

Examples
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Krono 2821 (40G)

Knoro 3612 (60L)
Tiaro 1305 (t70P)
Tiaro 1601 (t80I)

350,000 =
450,000 =
390,000 =
420,000 =

S$4,605
S$5,921
S$5,132
S$5,526

Properties less than 50 million

7,500 =

S$99

Properties over 50 million 100

million

22,500 =

S$296

Properties over 100 million

40,000 =

S$526

Examples

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Reserve Fund:

1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Krono 2821 (40G)

Knoro 3612 (60L)
Tiaro 1305 (t70P)
Tiaro 1601 (t80I)

555,480 =
783,120 =
919,560 =
1,041,240 =

S$7,309
S$10,304
S$12,099
S$13,701

Estimated Initial
Maintenance Service
Reserve:

Examples
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Krono 2821 (40G)

Knoro 3612 (60L)
Tiaro 1305 (t70P)
Tiaro 1601 (t80I)

13,750 =
19,390 =
24,070 =
27,260 =

S$181
S$255
S$317
S$359

Estimated Service Charge

+ Repair Reserve Fund,
etc. per month:

Examples
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Krono 2821 (40G)

Knoro 3612 (60L)
Tiaro 1305 (t70P)
Tiaro 1601 (t80I)

21,949 =
29,869 =
35,939 =
40,349 =

S$289
S$393
S$473
S$531

Estimated Property Tax

(Fixed Asset & City
Planning) per month:

Examples
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Krono 2821 (40G)

Knoro 3612 (60L)
Tiaro 1305 (t70P)
Tiaro 1601 (t80I)

13,117 =
18,492 =
28,808 =
32,625 =

S$173
S$243
S$379
S$429

Income Tax:

5% - 40%, depending on the amount of rental income

Capital Gains Tax:

(on disposal)

15% - ownership of property for more than 5 years

30% - ownership of property for 5 years or less

Holding Charges and Taxes

Gross Guaranteed Rental

Return:

4.3% 4.4% per annum

3.4% 4.4% per annum
2.1% 4.2% per annum
3.4% 3.4% per annum

1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Letting Fee to Managing

Agent:

Legal Advisory Charge:

Guaranteed

Pass-through

Management
Fee

Included in the
rent
(approximately
18% of market
rent is deducted)

5% of contracted rent

Letting Fee

Not applicable

1-month rent upon successful

leasing (Plus 1-month rent for
administration fee

SGD 1,500 including GST per unit

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Scope of Work
1. Assist client in reviewing the legal document including the
Sales and Purchase Agreement
2. Assist client in signing on documents in Japanese
Statutory Broker:

Jones Lang LaSalle K.K.

Kentaro Nakazawa (Mr.)
+81 3 5501 9250
Kentaro.nakazawa@ap.jll.com
Kentaro Sato (Mr.)
+81 3 5501 9250
Kentaro.sato@ap.jll.com

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TERMS OF PAYMENT (Krono Residence)

1) Refundable booking fee of S$2,000 is payable upon reservations / exchange of contracts.
2) Down payment of 10% of purchase price is payable no later than 20 September 2013.
Booking fee shall be refunded upon payment of Down payment.
3) Exchange of contracts is scheduled on 24 September and 26 September 2013 in
Singapore.
4) Balance of 90% of the purchase price is payable no later than 7 March 2014.
5) Delivery of property on 26 March 2014

TERMS OF PAYMENT (Tiaro Residence)

1) Refundable booking fee of S$2,000 is payable upon reservations / exchange of contracts.
2) Down payment of 10% of purchase price is payable no later than 20 September 2013.
Booking fee shall be refunded upon payment of Down payment.
3) Exchange of contracts is scheduled on 24 September and 26 September 2013 in
Singapore.
4) Balance of 90% of the purchase price is payable no later than 7 August 2016.
5) Delivery of property on 26 August 2016

Important 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 its authorized representative shall conduct a
physical inspection of the unit and check the condition.
3. The developers will repair any defect (if found) prior to delivery of property
4. Delivery of property and keys shall be conducted in Tokyo by Purchaser or its
authorized representative
5. Purchaser shall be bearing its own stamp duty and other taxes at exchange of contract
and delivery of property
6. All payment shall be made in Japanese yen
7. Cost of currency exchange and remittance fee for both sending bank and receiving bank
shall be borne by Purchaser
8. Non-cancellable in case the Purchaser fails to obtain debt financing and Down payment
shall be forfeited
DOCUMENTATION REQUIRED FOR EXCHANGE OF CONTRACT
(1) Photo Identification National Identification Card (FOR SINGAPOREANS)
(2) Passport or any other official identification document issued by a public authority with name,
address, birthday and photo
If the purchase is being taken in a Company name then the following must be provided:
a) A copy of the Certificate of Incorporation
Association.
b) Evidence of the Companys registered address.

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and

Memorandum

of

Articles

and

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.

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. Takeshi Nakamura (Partner)
Earth Tax Corporation
Toshida Bldg. 3F, 1-6-11 Ginza, Chuo-ku, Tokyo
104-0061
TEL +81-3-5159-6383
FAX +81-3-5159-6384
takeshi.nakamura@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
6 Shenton Way #27-11 Tower 2, Singapore 068809
T: (65) 6223 9119 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 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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