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| Located in the heart of Osaka, The High Horie is a 141-apartment building spanning 12 stories. The apartments are built spacious and with high ceilings. Some apartments are applicable for SOHO usage, which is attractive for those looking to work from home. Location and Accessibility: Located at Nishi-ku, which is a ward with the largest increase in residents in Osaka. This area is where people can enjoy a tranquil atmosphere as well as has a good connection to main stations of central Osaka, such as Shinsaibashi and Namba stations. It is one of the upcoming trendy places, with fancy cafes and shops that are popular with youths. The neighbourhood is lively with numerous metro connections. The closest metro station is Nishinagahori Station, literally at its doorstep, a negligible 1 minute walk away. With 3 metro stations and 4 train lines nearby, the accessibility is unparalleled. New line coming up: The Naniwa-suji Line is a new line planned to open in 2031. The line runs vertically through the “West Zone” in the center of Osaka city that connects Kita-Umeda Station (tentative opening: 2023) with JR Nambaand Shin-Imamiya Station on the Nankai Main Line. Further convenience is expected by the connection with direct access to Shin-Osaka and Kansai International Airport from “Kita Umeda” station and “Namba” station. |
| TAX Acquisition Costs approximately 2% 3% of the purchase price. Payable on completion You have to pay income tax on rental income generated. 5% - 45%, depending on amount of net rental income Holding costs include Fixed Asset Tax and City Planning Tax which is approximately 0.4% to 0.6% per annum Capital Gains Tax (on disposition) 15% from the first January after 5 years of ownership 30% before the first January after 5 years of ownership Lettings & Management Fee For Guaranteed Rental Management Fee - included in the rent (20% of rent is deducted) Letting Fee - N/A For Non-Guaranteed Rental Management Fee - 5% of contracted rent Letting Fee - 2 months rent upon successful leasing (plus consumption tax) Inspection and Key Handover Charge (one time) - JPY30,000 |
| Buying Process: 1) Select your preferred apartment by 1st December to request to release in the 1st launch Apply for your preferred apartment between 7th December – 13th December Balloting takes place on 13th December 2) Pay a S$2,000 reservation fee 3) (If you won the Balloting) 10% down payment by 20th December 4) Signing of sales and purchase contract on 14th January In Singapore 5) 90% Balance February 2021 6) Delivery February 2021 |