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Japan’s Mori bets buyers will shell out upwards of US$9m on luxury flats in Tokyo’s Toranomon area


Mori Building has started work on a luxury residential development in Tokyo that will include units priced from 1 billion yen ($9 million), betting there is untapped demand for the most upscale flats in the city.
Japan’s biggest 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, said Hideto Oba, executive managing officer, in an interview. …

Source : South China Morning Post
Read more…Japan’s Mori bets buyers will shell out upwards of USm on luxury flats in Tokyo’s Toranomon area

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