Tokyo Apartment Sales in December 2016


The following is a selection of apartments that were sold in central Tokyo during the month of December 2016:

BuildingSold Price
(USD/sq ft)Days ListedDiscount
Toranomon Hills Residence (2014)
/sq ft
Toranomon Hills is the crowning jewel for Mori Building’s mixed-use office/hotel/residential projects. The residences on floors 36~46 are without a doubt the most luxurious apartments currently available in Japan. This apartment sold within a very short time frame and is the highest reported re-sale in this building to date, eclipsing a 3.3 million Yen/sqm sale in November.
The Roppongi Tokyo (2011)
/sq ft
A 39-storey high rise in the Roppongi neighbourhood with concierge, gym, guest suite and resident lounge. Current asking prices in this building range from 1,985,000 ~ 2,650,000 Yen/sqm, with an average price of around 2,180,000 Yen/sqm.

There have been 5 reported re-sales in this building in 2016 with an average sale price of around 2,100,000 Yen/sqm, up 4.5% from 2015 (2,010,000 Yen/sqm), and up 19.7% from 2014 (1,755,000 Yen/sqm).

When sales first began in 2010, the average price was around 1,650,000 Yen/sqm.

This unit was a spacious 1-Bedroom apartment on a high-floor with views towards Roppongi Hills and Mt. Fuji.

The Conoe Daikanyama (2016)
/sq ft
The Conoe Daikanyama is a recently completed building in front of Daikanyama Station. Current average asking prices in this building are around 2,150,000 Yen/sqm, with a penthouse listed for 3,300,000 Yen/sqm.

There have been 5 reported re-sales in this building in 2016, with an average re-sale price of 2,040,000 Yen/sqm.

This apartment would have been priced at around 1,890,000 Yen/sqm when new, indicating a potential appreciation of 6.9% in the 10 months following completion.

Park Mansion Mita Hyugazaka (2011)
/sq ft

A low-rise luxury apartment building along the same street as the Australian Embassy and Tsunamachi Mitsui Club. When new, apartments had an average price of around 2,150,000 Yen/sqm, and all apartments offered for sale prior to completion of the building sold out within the first 9 days. This apartment may have had a price of around 1,650,000 Yen/sqm when new.

Aoyama Park Tower (2003)
/sq ft
A 34-storey high-end apartment building located a few hundred meters from Shibuya Station.

Current asking prices are around 2,230,000 Yen/sqm. Although there are 314 apartments in the building, only 6 were on the market for sale in December.

There have only been 2 reported re-sales in 2016 with an average price of 1,690,000 Yen/sqm, and both sales were for small units on low floors.

This apartment sold for approximately 30% more than an identical apartment a few floors down sold for in 2012, but 15% lower than a similar apartment sold for in early 2008.

Hiroo Garden Hills (1984)
/sq ft
A popular large-scale vintage apartment complex near Hiroo Station that was developed during the 1980s.

Average asking prices are currently around 1,520,000 Yen/sqm, with apartments in the exclusive South Hill at around 2,000,000 Yen/sqm. The average re-sale price in 2016 has been 1,530,000 Yen/sqm for apartments excluding those in South Hill, up 9.7% from 2015 and up 36.6% from 2014.

Although there are 1,181 apartments in the complex, only 6 were available for sale in December, representing 0.5% of the total units.

This was a spacious apartment on a high floor in North Hill. It has been the highest re-sale in 2016 on a price-per-square-meter basis.

City Tower Azabujuban (2009)
/sq ft
Located next-door to Park Court Azabu Juban The Tower. Current asking prices in this building range from 1,635,000 ~ 2,270,000 Yen/sqm. Apartments on the 10th floor and lower have an average asking price of around 1,665,000 Yen/sqm, while apartments on floors 20 and above have an average asking price of around 1,885,000 Yen/sqm.

The average sale price in 2016 has been 1,780,000 Yen/sqm, down 4.6% from 2015 (1,865,000 Yen/sqm), but up 15.5% from 2014 (1,541,000 Yen/sqm).

This apartment sold for approximately 20% more than an identical apartment a few floors down sold for in 2013.

The Parkhouse Motoazabu (2012)
/sq ft
A 5-storey building developed by Mitsubishi in 2012. When sales began in late 2011, apartments were priced from 77 ~ 185 million Yen, with an average price of 1,383,000 Yen/sqm. All apartments had finally sold out by mid-2013, 6 months after the building was completed.

Current listings in this building range from 1,420,000 ~ 1,920,000 Yen/sqm.

The average resale price in 2016 has been 1,640,000 Yen/sqm, up 13.1% from 2015 (1,450,000 Yen/sqm) and up 28.6% from 2014 (1,275,000 Yen/sqm).

This apartment was on a mid-floor with views towards Tokyo Tower. It sold for approximately 9% less than two other apartments on the same floor sold for several months earlier.

The Parkhouse Harumi Towers Tiaro Residence (2016)
/sq ft
A recently completed 49-storey condominium tower forming part of a two-tower complex on a man-made island in Tokyo Bay. Together, the two towers contain 1,744 apartments.

The current average asking price in this building is around 1,070,000 Yen/sqm, and there are 73 apartments listed for sale in this building in December, up from 72 listings in November. 

The average sale price in 2016 has been around 1,010,000 Yen/sqm. This apartment has been the lowest re-sale on a price-per-square-meter basis in this building to date. It sold for approximately 5% less than it’s original list price.

About the data:

  • The data is based on information supplied to REINS by agents.
  • This information is voluntarily provided, and not all transactions are recorded.
  • Japan Property Central cannot guarantee the accuracy of the information provided.
  • The discount, for example, is based on the last advertised listing price at the time of sale, rather than the original list price.
  • Some listings are constantly updated, so the days listed between listing on REINS and final sale may not be accurate. The days listed are also based on the day that the agent registered the property as being sold, which is sometimes done on the day of the contract signing, settlement or even later if the agent forgets to update the listing.
  • Not every sale is reported above.
  • Price per square meter or per square foot is calculated based on apartment’s internal floor area and does not include balconies, car parks or common areas.
  • Exchange rate is at the time of publishing the article and is subject to change (1 USD: 117.72 Yen).