2020-01-31

New Leasehold Housing Development Launched in Kyoto

News

Keihan Electric Railway Real Estate Company has started general sales of their new housing projects, "Midori Keikei" and "Mitorigaoka Bright Garden" in Kyoto. Each of the 159 houses and plots of land will be on a 50-year fixed-term leasehold.

image via Keihan Electric Railway Real Estate

A 4-minute walk from Matsui Yamate Station on the JR Gakken Toshi Line ensures residents will be well connected. Trees are planted everywhere to ensure the privacy of its residents and create ample greenspace. There will also be wooden fences erected to separate homes for extra privacy. Each house will come equipped with a wooden deck and a tiled terrace. The town will also have a community association to make sure residents maintain the homes and lawns to a certain standard.

image via Keihan Electric Railway Real Estate

The standard leasehold period will be 50 years with an option of up to 60 years. The deposit amount to secure a home is 2.5 million yen ($22,900), and the monthly land rental fee will range from 53,900 yen ($495) to 54,100 ($497) yen per month. Home prices range from 26.8 ($245,800) to 27.8 million yen ($255,000). The project was completed in December 2019 with move-in scheduled for February 2020. For more information on Mitorigaoka Bright Garden, click here. (link in Japanese). If you need information in English, please contact us here.

Source: Real Estate Distribution Network