Tokyo Apartment Sales in September 2018

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of September 2018:

BuildingSold Price
(Yen/sqm)
(USD/sq.ft)Days ListedDiscount
City Tower Azabu Juban (2018)
2-Bedroom
¥2,021,000
/sqm
$1,650
/sq ft
771.6%
City Tower Azabu Juban is located next-door to Park Court Azabu Juban The Tower. Current asking prices in this building range from 1,780,000 ~ 3,340,000 Yen/sqm. There were 20 apartments available for sale as at the end of September 2018, up from 9 listings in March. The average size of an apartment listed for sale was around 83 sqm (893 sq.ft). There have been just 2 reported resales in this building to date in 2018 with an average sale price of 2,055,000 yen/sqm, up 7.9% from 2017 (1,905,000 Yen/sqm) and up 16.4% from 2016 (1,765,000 Yen/sqm). This was a compact 2-Bedroom apartment on a high floor. It sold for approximately 29% more than an identical apartment one floor up sold for late last year.
Park Court Roppongi Hilltop (2012)
1-Bedroom
¥2,017,000
/sqm
$1,650
/sq ft
1584.0%
A 27-storey, 270-unit high-rise located near Roppongi Itchome Station and Izumi Garden Tower. When new back in 2012, the average sale price was around 1,400,000 Yen/sqm. There are 7 apartments currently listed for sale in this building with an average asking price of 2,340,000 Yen/sqm. There have been 2 reported sales to date in 2018 with an average price of 1,915,000 Yen/sqm, down 13.5% from 2017 (2,215,000 Yen/sqm) and down 12.2% from 2016 (2,180,000 Yen/sqm). This apartment sold for approximately 6% less than an identical apartment a few floors up sold for in late 2017.
Shibuya Eins (2001)
2-Bedroom
¥1,957,000
/sqm
$1,600
/sq ft
235.4%
Shibuya Eins is an 18-storey building located a 4 minute walk from Shibuya Station. Only 1 of the 164 units in the building was listed for sale as at the end of September 2018, with an asking price of 1,615,000 Yen/sqm. The average resale price to date in 2018 has been around 1,740,000 Yen/sqm, up 33% from 2017 (1,304,000 Yen/sqm) and up 9.4% from 2016 (1,590,000 Yen/sqm). This was a larger apartment on a high floor. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date.
Daikanyama Address The Tower (2000)
3-Bedroom
¥1,891,000
/sqm
$1,545
/sq ft
12.7%
A 36-storey high-rise development with 501 apartments above Daikanyama Station in Shibuya-ku. It was developed and built by Kajima and Taisei in 2000. The average asking price in this building is currently around 2,000,000 Yen/sqm. The average resale price to date in 2018 is around 1,700,000 Yen/sqm, up 5.6% from 2016 (1,610,000 Yen/sqm) and up 12.6% from 2015 (1,510,000 Yen/sqm). In 2007, at the peak of the previous mini-bubble, apartments were selling for an average of 1,980,000 Yen/sqm. This was a relatively large corner unit on a high floor. It has been the 3rd most expensive reported resale in this building on a price-per-square-meter basis to date and has been the largest apartment in the building to have sold.
Park House Nishiazabu (2000)
3-Bedroom
¥1,881,000
/sqm
$1,540
/sq ft
105.1%
Park House Nishiazabu is a 7-storey apartment building located a 4 minute walk from Roppongi Hills. When new in 2000, the average apartment price was around 1,450,000 Yen/sqm. There is currently just 1 sale listing in the 51-unit building with an asking price of 1,650,000 Yen/sqm. This was a relatively large apartment on a mid-floor. It sold for approximately 28% more than it previously sold for just 4 months prior, after having been renovated. This has been the most expensive reported resale in this building on a price-per-square-meter basis to date.
Park Court Azabu Juban The Tower (2010)
1-Bedroom
¥1,852,000
/sqm
$1,515
/sq ft
441.1%
A 36-storey high rise in the Azabu Juban area with concierge, gym, guest suite and resident lounge. Current asking prices in this building are around 2,000,000 Yen/sqm. The average sale price to date in 2018 is around 1,910,000 Yen/sqm, up 4.7% from 2017 (1,825,000 Yen/sqm) and up 3.8% from 2016 (1,840,000 Yen/sqm). This was a spaciously-sized 1-Bedroom apartment on a low floor. It sold for approximately 8% more than an identical apartment a few floors up sold for in 2016.
The Conoe Daikanyama (2016)
1-Bedroom
¥1,768,000
/sqm
$1,445
/sq ft
300%
The Conoe Daikanyama is a recently completed building in front of Daikanyama Station. There are currently 8 sale listings in the building with an average asking price of 2,300,000 Yen/sqm. The average resale price to date in 2018 has been around 1,760,000 Yen/sqm, down 7.4% from 2017 (1,900,000 Yen/sqm) and down 14% from 2016 (2,050,000 Yen/sqm). This was a corner unit on a low floor. It sold for 16% less than an identical apartment two floors up sold for in 2016.

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: 113.69 Yen).