Tsukuda, Chuo-kuTrophy Asset · Built 2010
The Crest Tower
2LDK · 88.46 m² · Tsukishima Stn · 3 min
Investor Returns
If you buy at ¥198,000,000, here's what you keep.
The full picture for a foreign buyer — total acquisition cost, every tax, real net rental yield, and exactly what you walk away with after capital-gains tax if you exit in 3 or 5 years.
What you pay to acquire
- List price
- ¥198,000,000
- Brokerage (3% + tax)
- + ¥6,600,000
- Acquisition & registration tax
- + ¥6,930,000
- Closing (scrivener, stamp, etc.)
- + ¥1,386,000
Acquisition costs ≈ 7.5% of price
What it earns each year
- Gross rent (3.5%)
- ¥6,930,000
- Operating costs
- – ¥1,524,600
- Property & city tax
- – ¥594,000
- Income tax on rent
- – ¥982,488
Net yield 1.8% on all-in cost
The headline
Hold for the long term and the tax on your gain more than halves — from 39.6% at 3 years to 20.3% at 5.
Exit scenarios — what you actually pocket
- Net rental income (3 yr)
- ¥11,486,736
- Projected sale price
- ¥219,526,139
- Selling costs
- – ¥7,310,363
- Capital gains tax (39.6%)
- – ¥0
- Net sale proceeds
- ¥212,215,777
- Net rental income (5 yr)
- ¥19,144,561
- Projected sale price
- ¥235,161,889
- Selling costs
- – ¥7,826,342
- Capital gains tax (20.3%)
- – ¥2,929,331
- Net sale proceeds
- ¥224,406,215
Illustrative model only. Assumes all-cash purchase, 3.5% annual price growth, stabilised occupancy, and current Japanese tax rates. Capital-gains tax is short-term (39.63%) for sales within 5 years and long-term (20.315%) thereafter; long-term status requires ownership past 1 January of the year following 5 full years, so a sale at exactly year 5 may still be taxed short-term. Figures exclude currency movement and financing. Not tax, legal or investment advice — every mandate includes full due diligence and licensed advisory.
About the Asset
The Crest Tower
An unusually spacious 88 m² 2LDK in historic Tsukuda, three minutes from Tsukishima Station and its famed monja street. Large floor area per unit is rare and prized — supporting premium rents and a differentiated resale position.
- Rare 88 m² spacious layout
- 3-minute station access
- Historic Tsukishima locale
- Premium rent per unit
Specifications
- Location
- Tsukuda, Chuo-ku
- Access
- Tsukishima Stn · 3 min
- Layout
- 2LDK
- Floor area
- 88.46 m²
- Built
- 2010
- List price
- ¥198,000,000
- Gross yield
- 3.5%
Interested in The Crest Tower?
Request the full data room — verified financials, building reports, and a tailored financing & structuring plan.
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