Next Neighbourhoods: Toranomon Hills, Minato-Ku, Tokyo, Japan
Hidetaka Yamaguchi, Senior Manager at Knight Frank Asia, tells us why this central location will have local and overseas executives investing for both convenience and a healthy work-life balance
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Describe the area
Located in the Minato district, the area is known primarily as a commercial centre, and is home to Tokyo’s tallest skyscraper, the 256m Toranomon Hills Mori Tower. Now, though, thanks to its central location, close to Chiyoda, the historical heart of Tokyo, as well as the business district of Marunouchi and a stone’s throw from the waterfront, a number of new high-end residential projects are emerging.
Why is the area up and coming?
Toranomon Hills is set to benefit from significant investment ahead of the 2020 Olympics and Paralympics. New subway stations and terminals are planned including Toranomon Station, which will be temporarily available in time for the Games and fully operational by 2022.
My favourite bits
There are some great street food options, particularly around Shimbashi station. For a more formal setting try Tajimaya Toranomon Hills for its delicious Wagyu beef.
Who’s buying?
Buyers include top executives from global and domestic companies, keen to have a base in the heart of the city within easy walking distance of the major landmarks, commercial and retail amenities. As an added bonus the area is situated within a ten-minute drive of the Olympic Village and the major sports venues.
What will my money buy me?
A two-bedroom apartment in a new development close to Mori Tower start at around ¥380 million, while a four-bedroom apartment with views across the city is priced at around ¥1 billion.