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Sogo Housing Breaks Ground on Rental Apartment Building Near Meidaimae Station

MultifamilyTransaction

Sogo Housing Breaks Ground on Rental Apartment Building Near Meidaimae Station

Sogo Housing Breaks Ground on Rental Apartment Building Near Meidaimae Station

Sogo Housing announced on October 9, 2026, that it has begun construction of (Tentative Name) Meidaimae Project, a rental apartment building in Matsubara, Setagaya-ku, Tokyo. Completion is scheduled for December 2027.

The property is a five-minute walk from Meidaimae Station on the Keio Line and Keio Inokashira Line. The nine-story building will have 27 units in 1K and 2LDK layouts, targeting a broad range of residents from single-person households to families.

It is the company's first rental apartment building designed around "space performance," targeting residents who want to secure living space and storage within a limited floor area. Some units will feature lofts or raised platforms with storage underneath, and the building will adopt kitchens with built-in washbasin functions and LIXIL shower booths with removable fabric bathtubs to maximize room space.

Average asking rents for rental housing within a 10-minute walk of Meidaimae Station were approximately JPY 13,720 per tsubo for 1K units and approximately JPY 13,930 per tsubo for 2DK/2LDK units as of the end of August 2026. Compared with three years earlier, at the end of August 2023, rents rose by approximately 15% for 1K units and approximately 42% for 2DK/2LDK units, bringing the per-tsubo rent for 2DK/2LDK units above that of 1K units (based on editorial research using estie Residential Research).

In April 2026, the company also announced the start of construction on (Tentative Name) Yutenji Project (Meguro Ward), a rental apartment building built around "time performance." In Setagaya Ward, it began construction in August 2025 on (Tentative Name) Sakurashinmachi Project (10 stories, 28 units).

Key Facts

  • Project Name: (Tentative Name) Meidaimae Project
  • Project Owner: Sogo Housing Co., Ltd.
  • Location: 2-38 Matsubara, Setagaya-ku, Tokyo (remainder of address to be determined)
  • Nearest Station(s): Five-minute walk from Meidaimae Station on the Keio Line and Keio Inokashira Line
  • Completion: December 2027 (scheduled)
  • Number of Floors: 9F (reinforced concrete construction)
  • Total Units: 27
  • Unit Layouts: 1K (approx. 25 sq. m (approx. 300 sq. ft.)) / 2LDK (approx. 40 sq. m (approx. 400 sq. ft.))
  • Design and Construction: Daito Trust Construction Co., Ltd.

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