Harumi, Chuo-kuTrophy Asset · Built 2015
Deux Tours West
2LDK · 70.70 m² · Kachidoki Stn · 5 min
Investor Returns
If you buy at ¥155,000,000, 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
- ¥155,000,000
- Brokerage (3% + tax)
- + ¥5,181,000
- Acquisition & registration tax
- + ¥5,425,000
- Closing (scrivener, stamp, etc.)
- + ¥1,085,000
Acquisition costs ≈ 7.5% of price
What it earns each year
- Gross rent (3.9%)
- ¥6,045,000
- Operating costs
- – ¥1,329,900
- Property & city tax
- – ¥465,000
- Income tax on rent
- – ¥867,870
Net yield 2.0% 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)
- ¥10,146,689
- Projected sale price
- ¥171,851,271
- Selling costs
- – ¥5,737,092
- Capital gains tax (39.6%)
- – ¥0
- Net sale proceeds
- ¥166,114,179
- Net rental income (5 yr)
- ¥16,911,148
- Projected sale price
- ¥184,091,377
- Selling costs
- – ¥6,141,015
- Capital gains tax (20.3%)
- – ¥2,287,339
- Net sale proceeds
- ¥175,663,023
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
Deux Tours West
A newer-generation twin tower in the rapidly appreciating Harumi district, neighbouring the redeveloped Olympic Village. Modern seismic engineering, generous communal facilities, and a short walk to Kachidoki Station underpin both rental appeal and capital growth.
- 2015-built, modern spec
- Harumi redevelopment upside
- Latest seismic standards
- 5-minute station access
Specifications
- Location
- Harumi, Chuo-ku
- Access
- Kachidoki Stn · 5 min
- Layout
- 2LDK
- Floor area
- 70.70 m²
- Built
- 2015
- List price
- ¥155,000,000
- Gross yield
- 3.9%
Interested in Deux Tours West?
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