4 billion JPY condo sale sets new Kansai record in Grand Green Osaka

A top-floor unit at Grand Green Osaka THE SOUTH RESIDENCE has sold for ¥4 billion, setting a new record for the highest-priced condominium in the Kansai region, according to details released on May 25th by a joint venture led by Sekisui House.

The unit was sold through private advance sales before the project’s general sales launch. The price far exceeds the previous high within the Grand Green Osaka development, where the most expensive unit at The North Residence was priced at ¥2.5 billion.

Grand Green Osaka The South Tower finished exterior CG rendering courtesy of the developers.

The 45-story condominium will be the final for-sale residential project in the Umekita Phase 2 Development Project, also known as Grand Green Osaka, in Osaka’s Kita Ward. The building will contain 538 units, including 321 units not included in the general sales offering.

JPY 4 Billion Unit Sets Kansai Condominium Record

Two model units have been prepared for the project: a 1LDK unit of approximately 134 square meters equivalent to the 42nd floor, and a 1LDK unit of approximately 387 square meters on the top, 45th floor.

The 42nd-floor model unit has a living room ceiling height of 2,650 mm, with ceiling heights of 2,400 mm also secured in the water-related areas. It was priced at ¥870 million and has already been sold through private advance sales.

The top-floor unit, priced at ¥4 billion, has a living room ceiling height of 5,000 mm. The kitchen is finished in stone and equipped with a teppanyaki grill. The unit also includes a bar counter, closet room and spacious bedroom layout.

It has also already been sold.

Japanese-language-only news spot featuring an extensive tour of the sold 4 billion JPY model room version built to actual spec. Mute volume if you don't understand Japanese for a more enjoyable viewing experiance as reporter over-reactions are quite distracting.

The sale highlights how Osaka’s major redevelopment districts are beginning to produce condominium prices more commonly associated with central Tokyo’s luxury residential market.

Final Residential Project in Grand Green Osaka

Grand Green Osaka The South Residence is located at the southern end of the South District, on the south side of Umekita Park. It is the first for-sale condominium in the Umekita area in about two years, following Grand Green Osaka The North Residence, which has 484 units.

The site is a three-minute walk from JR Osaka Station’s Umekita underground entrance. The development site covers approximately 5,100 square meters. The building will be a 45-story reinforced concrete structure with some steel-frame construction, with a total floor area of approximately 86,000 square meters.

Sales will be handled by Sekisui House, Mitsubishi Jisho Residence. and Hankyu Hanshin Properties Corporation as sales agents.

Luxury Features and Sky-Focused Design

The property will be built to ZEH-Oriented specifications and has received certification as a low-carbon building. It has also earned an S rank, the highest overall rating, under CASBEE.

The building will introduce a power-sharing system that combines emergency generators with Ene-Farm residential fuel-cell systems installed in each unit. This will allow power to be supplied to each residence for 72 hours during an outage.

The development concept is “THE SUITE: A Dialogue with the Sky.” Because the property is open on three sides, except for the northern side adjoining the hotel, the developers aimed to create residences with a strong sense of connection to the sky.

Sky lounge CG rendering courtesy of the developers.

Shared facilities will include a sky room, sky terrace and sky lounge. The property will also offer enhanced hospitality services, including 24-hour staffed management, café service in the lounge, a personal gym and valet service.

The units offered for general sale will range from 1LDK to 2LDK, with exclusive floor areas from approximately 50 to 202 square meters. All unit entrance doors will use double sliding automatic doors.

The building will also include 27 “car gallery” units on the sixth through 19th floors, allowing owners to bring their private cars up to their residences using a dedicated elevator.

Other features include slit balconies designed to expand the glass surface area, full-height sash windows extending from floor to ceiling, ceiling cassette air conditioning, garbage disposals, dishwashers and floor heating.

Sales Schedule and Buyer Targeting

The project website opened on May 25th, and entry registration has begun. The first-phase model room is scheduled to open in early July, with registration for first-phase sales expected to begin in late October.

The number of units to be offered and pricing are still being adjusted. The lowest price is expected to exceed the approximately ¥100 million starting price at The North Tower.

For the time being, sales promotion will focus on private advance sales to people who registered interest in or visited The North Residence, as well as wealthy buyers in the Kansai region.

The South Tower completion is scheduled for late March 2028.

Sekisui House: Project Marks Culmination of Umekita Redevelopment

Speaking at a press conference the same day on behalf of the sellers, Yoshihiro Nakai, president, representative director, CEO and executive officer of Sekisui House, said Grand Green Osaka has been developed in stages while increasing the value of the area.

Yoshihiro Nakai courtesy of R.E. Port News.

“This condominium represents the culmination of the Umekita redevelopment,” Nakai said. “With its completion, interest in the district will rise further, and its appeal will deepen over time. We hope this project will become a starting point for that future.”

The eight companies in the joint venture are Sekisui House, Ltd., Osaka Gas Urban Development Co., Ltd., ORIX Real Estate Corporation, Kanden Realty & Development Co., Ltd., Takenaka Corporation, Hankyu Corporation, Mitsubishi Jisho Residence Co., Ltd. and Umekita Development Special Purpose Company.

Source:

R.E. Port News (Japanese only)