Let’s take a look at some of the new condominiums that will be completed in central Tokyo this year.
GRAND HILLS MOTOAZABU
Size: 75 ~ 156 sqm (816 ~ 1,681 sq.ft)
Pricing: 175 ~ 850 million Yen
Located in a hilltop position atop the Motoazabu district The 5-storey building has 32 spaciously-sized apartments and is 300 meters from the Azabu Juban restaurant street and 800 meters from Roppongi Hills. Prices range from 2,300,000 ~ 5,500,000 Yen/sqm.
GRAND LE JADE SHIBUYA TOMIGAYA
Size: 47 ~ 77 sqm (513 ~ 838 sq.ft)
Pricing: 66.9 ~ 159.9 million Yen
A 12-storey building located 600 meters west of Yoyogi Park. The average price is around 1,500,000 Yen/sqm.
PARK COURT AKASAKA HINOKICHO THE TOWER
Size: 35 ~ 203 sqm (377 ~ 2,184 sq.ft)
Pricing: 155 million ~ 1.5 billion Yen
Situated in Akasaka and on the northern side of Tokyo Midtown with views over Hinokicho Park. The building was designed by Kengo Kuma. Sales began in November 2015 and all apartments had sold out by early 2016. Penthouse apartments were priced around 7,000,000 Yen/sqm. There are now a small number of units listed for re-sale, with an average asking price of around 3,700,000 Yen/sqm. Approximate gross yields are around the 2% range.
PARK COURT AOYAMA THE TOWER
Size: 70 ~ 234 sqm (754 ~ 2,518 sq.ft)
Pricing: 178.8 ~ 1.5 billion Yen+
A luxurious 26-storey tower located on the northern end of the Aoyama Cemetery. All apartments had sold out by December 2017. Average prices when new were around 2,800,000 Yen/sqm. There have been some resale listings in this building with an average asking price of 3,300,000 Yen/sqm.
THE PARKHOUSE SANBANCHO TERRACE
Size: 70 ~ 85 sqm (759 ~ 919 sq.ft)
Pricing: 103 ~ 187 million Yen
A 24-unit, 14-storey building located 450 meters west of the Imperial Palace moat. The average price when new was around 1,700,000 Yen/sqm.
THE SANMAISON OMOTESANDO
Size: 60 ~ 134 sqm (653 ~ 1,449 sq.ft)
Pricing: Around 2,500,000 Yen/sqm
A 6-storey apartment building located a few streets behind the boutique-lined Omotesando Avenue. The building contains 21 two and three-bedroom apartments, some with private roof terraces.
CLASSY HOUSE KANDA NISHIKICHO
Size: 30 ~ 78 sqm (332 ~ 844 sq.ft)
Pricing: 46.3 ~ 71.4 million Yen
A 13-storey building with compact-sized apartments located a 6 minute walk from Otemachi Station. The average price is around 1,215,000 Yen/sqm. Apartments are compact in size with two-bedroom apartments starting from 48 sqm (516 sq.ft).
DIANA GARDEN NISHIAZABU
Size: 47 ~ 124 sqm (515 ~ 1,342 sq.ft)
Pricing: 68.9 ~ 286 million Yen
A 9-storey building located a 9 minute walk from Hiroo Station. The average price when new is around 1,650,000 Yen/sqm, with 100 sqm + units priced between 2,000,000 ~ 2,460,000 Yen/sqm.
THE PARKHOUSE SHIROKANE 2 CHOME TOWER
Size: 56 ~ 185 sqm (605 ~ 1,994 sq.ft)
Pricing: 92.9 ~ 498 million Yen+
A 172-unit high-rise tower located across the street from the Sheraton Miyako Hotel. Prices range from around 1,700,000 ~ 2,900,000 Yen/sqm. Smaller apartments on lower floors are around 1,700,000 ~ 1,800,000 Yen/sqm, while larger apartments on higher floors are priced from 2,000,000 ~ 2,900,000 Yen/sqm.
ONE AVENUE ICHIBANCHO BUNJIN-DORI
Size: 94 ~ 170 sqm (1,019 ~ 1,836 sq.ft)
Pricing: 210 ~ 499 million Yen
A 32-unit, 14-storey building located 600 meters west of the Imperial Palace moat. Apartment prices are around 2,350,000 Yen/sqm. As at March 2018, there was 1 apartment remaining for sale.
THE PARKHOUSE GOBANCHO
Size: 63 ~ 104 sqm (687 ~ 1,629 sq.ft)
Pricing: 119.1 ~ 169.8 million Yen+
A 13-storey building located a 2 minute walk from Ichigaya Station. Sales began in late 2017. Apartments are priced around 2,000,000 Yen/sqm.
OPEN RESIDENCIA AZABU-ROPPONGI
Size: 31 ~ 58 sqm (342 ~ 628 sq.ft)
Pricing: 48.88 ~ 99.68 million Yen
An 11-storey building of compact apartments located just behind Roppongi’s main entertainment street. The average price is around 1,600,000 Yen/sqm.
OPEN RESIDENCIA OMOTESANDO JINGUMAE THE HOUSE
Size: 30 ~ 80 sqm (325 ~ 863 sq.ft)
Pricing: Around 1,950,000 Yen/sqm
A low-rise building of compact apartments in the fashionable Omotesando neighborhood. Sales began in late 2017.
PROUD GINZA HIGASHI
Size: 55 ~ 114 sqm (598 ~ 1,233 sq.ft)
Pricing: 75 ~ 196 million Yen
A 13-storey, 32-unit building located a 19 minute walk from Ginza Station. Apartments have ceiling heights of up to 2,500 ~ 2,700mm. The average price when new was around 1,500,000 Yen/sqm. All apartments had sold out by January 2018.
BRANZ ROPPONGI IIKURA-KATAMACHI
Size: 67 ~ 164 sqm (731 ~ 1,770 sq.ft)
Pricing: 175.9 ~ 429.7 million Yen
A 5-storey, 33-unit building located a 7 minute walk from Roppongi Station and just behind Roppongi’s main entertainment street. The average price is around 2,500,000 Yen/sqm, with the majority of apartments priced around 200 million Yen each.
BRILLIA TOWER YOYOGI-KOEN CLASSY
Size: 50 ~ 142 sqm (542 ~ 1,536 sq.ft)
Pricing: 62.9 ~ 349.9 million Yen
A 195-unit, 19-storey high-rise located 450 meters west of Yoyogi Park. 116 apartments were offered for sale during the first round of sales in May 2017 and an average of 1.6 purchase offers were made on each apartment. The average price was around 1,650,000 Yen/sqm. As at March 2018, there was 1 apartment remaining for sale.
OPEN RESIDENCIA DAIKANYAMA THE HOUSE
Size: 39 ~ 76 sqm (423 ~ 820 sq.ft)
Pricing: 65 ~ 115 million Yen
A 6-storey, 22-unit building located a 5 minute walk from Daikanyama Station. Sales began in February 2018, with an average price of around 1,600,000 Yen/sqm.
PARK COURT ICHIBANCHO
Size: 75 ~ 123 sqm (814 ~ 1,334 sq.ft)
Pricing: 140 ~ 300 million Yen +
A 15-storey building located 550 meters west of the Imperial Palace Moat. Sales began in November 2016 and all apartments had sold by December 2017. The average price was around 2,200,000 Yen/sqm.
Size: 42 ~ 103 sqm (456 ~ 1,113 sq.ft)
Pricing: 69.7 ~ 239.8 million Yen
A 12-storey, 27 unit building located in Chiyoda’s Bancho neighborhood to the west of the Imperial Palace. Prices range from 1,645,000 ~ 2,319,000 Yen/sqm.
PREMIST YOYOGI-KOEN PARK FRONT
Size: 40 ~ 100 sqm (430 ~ 1,076 sq.ft)
Pricing: 57.9 ~ 278.9 million Yen
Located 200 meters west of Yoyogi Park and a 1 minute walk from Yoyogi Koen Station on the Chiyoda subway line. The 12-storey building has just 35 apartments. Completion is scheduled for December, with apartments to be delivered to buyers from February 2019. Sales began in January 2018. The average price is around 1,900,000 Yen/sqm, with smaller apartments on lower floors priced around 1,500,000 Yen/sqm and larger apartments on higher floors priced around 2,100,000 ~ 2,700,000 Yen/sqm.
THE CHIYODA KOJIMACHI TOWER
Size: 41 ~ 155 sqm (442 ~ 1,668 sq.ft)
Pricing: 69.5 ~ 550 million Yen
A 23-storey building located directly above Kojimachi Station. The average price is around 1,800,000 Yen/sqm.