Heiwa Real Estate Completes Rental Apartment Building in Oshiage

Heiwa Real Estate announced on October 7, 2026, that HF Oshiage Residence II, a rental apartment building it had been developing in Mukojima 5-chome, Sumida Ward, Tokyo, had been completed. The completion date was September 30, 2026. The property is the tenth building developed in the company's HF Residence series.

The property is located a 12-minute walk from "Oshiage" Station on the Toei Asakusa Line, Tokyo Metro Hanzomon Line and Keisei Oshiage Line, and an 11-minute walk from "Hikifune" Station on the Tobu Skytree Line. It is a seven-story building above ground with 19 units in total, all two-bedroom (2LDK) units ranging from 49.85 to 59.83 square meters of exclusive floor area.

Average asking rents for rental housing within a 15-minute walk of Oshiage Station have risen more sharply for family-oriented layouts than for single-occupant units. Over the three years from the end of August 2023, rents rose approximately 21% for 1K units, compared with approximately 55% for 2DK/2LDK units and approximately 52% for 3DK/3LDK units (estie Residential Research, editorial team analysis).

The property was developed as part of an urban rental apartment series aimed at deploying a value-creation business model in the building business, one of the business strategies under the company's "Medium-Term Management Plan WAY 2040 Stage 1." In March 2025, HF Oshiage Residence (74 units, 1LDK and 2LDK) was completed close to this property as the ninth building in the series.

Key Facts

• Property Name: HF Oshiage Residence II
• Developer: Heiwa Real Estate Co., Ltd.
• Location: 5-4-6 Mukojima, Sumida-ku, Tokyo
• Nearest Station(s): Toei Asakusa Line, Tokyo Metro Hanzomon Line and Keisei Oshiage Line “Oshiage” Station (12 min walk) / Tobu Skytree Line “Hikifune” Station (11 min walk)
• Completion: September 30, 2026
• Number of Floors: 7F (reinforced concrete construction)
• Use: Multi-unit residential / Meeting room
• Total Units: 19
• Unit Layouts: 2LDK
• Site Area: approximately 91 tsubo (approx. 3,200 sq. ft.) / Gross Floor Area: approximately 395 tsubo (approx. 14,100 sq. ft.) / Exclusive Floor Area: 49.85 to 59.83 sq. m
• Design and Construction: Seiwa Corporation Co., Ltd.