JAPANESE
JAPANESE
Japan Real Estate Insights by estie
Japan Real Estate Insights by estie
Japan Real Estate Insights by estie
/
Multifamily
/

Setagaya Ward Rental Housing Project Completed by FaithNetwork

MultifamilyLeasing

Setagaya Ward Rental Housing Project Completed by FaithNetwork

Setagaya Ward Rental Housing Project Completed by FaithNetwork

FaithNetwork has completed “THE GRANDUO HANEGI (Buildings V/Y/S),” the eighth property in its “THE GRANDUO” series, on April 15, 2026. The property is located in a residential neighborhood in Daita, Setagaya Ward, Tokyo, a six-minute walk from Setagaya-Daita Station on the Odakyu Odawara Line and a nine-minute walk from Shin-Daita Station on the Keio Inokashira Line.

The property is a reinforced-concrete row house with three floors above ground and one basement level, comprising three buildings: V, Y and S. Each building has three units, for a total of nine units, all designed as garage houses with private indoor parking. The project site is adjacent to “THE GRANHAUS HANEGI (Buildings N/G/R/B),” a reinforced-concrete detached-home project completed by the company in May 2025. Together, the two projects comprise seven buildings and create a streetscape extending about 90 meters.

Average asking rents for rental apartments within a 10-minute walk of Setagaya-Daita Station have been trending upward. They had been in the JPY 12,000-per-tsubo range in 2023, but reached JPY 14,818 per tsubo as of the end of March 2026. Occupancy has also remained around 97%, indicating solid demand for rental housing near the station, according to research conducted by the editorial team based on “estie Residential Research.” Against this market backdrop, the property appears aimed at capturing tenants who prioritize spacious living areas and car use in a location close to central Tokyo.

Key Facts

  • Property Name: THE GRANDUO HANEGI (Buildings V/Y/S)

  • Owner: FaithNetwork Co., Ltd.

  • Location: 4-33 Daita, Setagaya Ward, Tokyo

  • Nearest Stations: Six-minute walk from Setagaya-Daita Station on the Odakyu Odawara Line; nine-minute walk from Shin-Daita Station on the Keio Inokashira Line

  • Completion: April 15, 2026

  • Number of Floors: 3F / B1 (reinforced-concrete construction)

  • Site Area: Building V, approx. 95 tsubo (approx. 10,388 sq. ft.); Building Y, approx. 94 tsubo (approx. 10,280 sq. ft.); Building S, approx. 97 tsubo (approx. 10,603 sq. ft.)

  • Gross Floor Area: Building V, approx. 220 tsubo (approx. 24,065 sq. ft.); Building Y, approx. 220 tsubo (approx. 24,065 sq. ft.); Building S, approx. 220 tsubo (approx. 24,065 sq. ft.)

  • Number of Units: Building V, 3 units; Building Y, 3 units; Building S, 3 units

Related Articles