Mori bets on luxury condo demand in Tokyo
It is constructing 3 buildings at a cost of 400b yen in Toranomon district; project will include units priced from 1b yen
Tokyo
MORI Building Co has started work on a luxury residential development in Tokyo that will include units priced from 1 billion yen (S$11.9 million), betting there is untapped demand for the most upscale apartments in the city.
Japan's largest privately owned developer is constructing three buildings at a cost of about 400 billion yen in the central district of Toranomon, home to many of the capital's office towers and embassies, Mori's executive managing officer Hideto Oba said in an interview.
TRENDING NOW
Prima to move out of historic Keppel Road flour mill building in 2028
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
OCBC sheds S$8 billion in value as shares close nearly 6% down; analysts cautious on banks
As Asia’s food delivery giants rejig the pie, who will win the market?
