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Market Chatter: Mitsubishi Estate to Launch 100 Million Yen Luxury Housing Project in Sendai

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Mitsubishi Estate (TYO:8802) plans to launch its luxury housing Park House Gran condominium project in Sendai, Japan, a first project outside Tokyo, with all units priced over 100 million yen, The Asahi Shimbun reported Friday.

The Tokyo-listed real estate developer said that the six-story Park House Gran Sendai-Hirosemachi project will comprise 47 two-and three-bedroom units, with each unit costing at least two million yen.

The project will be built on a 4,300-square-meter site, with the first sales phase scheduled in July. The construction is expected to be completed in October 2027, with move-ins likely in December.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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