The following is a selection of apartments that were reported to have sold in central Tokyo during the month of October 2018:
|Park Court Akasaka Hinokicho The Tower (2018)|
|A luxury high-rise apartment building adjoining Tokyo Midtown. When off-the-plan apartment sales began in late 2015, there were an average of 1.9 buyers per apartment. The building was designed by Kengo Kuma and features concierge, gym, roof deck, and various resident lounges and function rooms. This was a corner unit on a mid-floor. There are currently 13 sale listings in the 322-unit building with an average asking price of 3,345,000 Yen/sqm and an average apartment size of 57 sqm. The average resale price to date in 2018 is around 3,350,000 Yen/sqm.|
|Proud Roppongi (2017)|
|Proud Roppongi is a luxury low-rise just 220 meters from Tokyo Midtown and 800 meters from Roppongi Hills. Apartments are on the large size for Japan with units ranging from 100 ~ 300 sqm +. There are currently two re-sale listings in this building with an average asking price of 2,485,000 Yen/sqm. This was a spacious apartment on a low floor. It sold for 2% more than an identical apartment a few floors up sold for 3 months earlier.|
|Premist Minami Aoyama (2014)|
|A luxury residential building located in the trendy Omotesando area. When new, apartments were priced from 91 ~ 500 million Yen, with an average price of around 1,735,000 Yen/sqm. All new apartments sold out 3 months prior to completion of the building. There are currently no sale listings in this building. This apartment sold for approximately 15% more than the 2015 asking price of a similar 1-Bedroom unit on the same floor.|
|Park Court Toranomon Atago Tower (2008)|
|A 30-storey luxury high-rise located between Toranomon Hills and Tokyo Tower. Although there are 231 apartments in the building, there were just two sale listings as of October 2018 with an average asking price of 1,870,000 Yen/sqm. The average resale price to date in 2018 is around 1,840,000 Yen/sqm, up 7.3% from 2017 (1,715,000 Yen/sqm) and up 26.9% from 2016 (1,450,000 Yen/sqm). This was a spaciously-sized apartment on a high floor. It sold at full ask. This has been the most expensive reported sale in this building on a price-per-square-meter basis to date. It sold for approximately 28% more than an identical apartment a few floors down sold for in 2014.|
|The Roppongi Tokyo (2011)|
|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 2,070,000 ~ 2,575,000 Yen/sqm, with an average price of around 2,300,000 Yen/sqm. There are currently 22 sale listings. The average resale price to date in 2018 is around 2,070,000 Yen/sqm, up 5.6% from 2017 (1,960,000 Yen/sqm) but down 1.4% from 2016 (2,100,000 Yen/sqm). This was a small apartment on a mid floor. It sold for approximately 40% more than an identical apartment a few floors down sold for in 2013.|
|Wellith Roppongi (2014)|
|A 17-storey building located just around the corner from Roppongi’s main bar/club street and a 10 minute walk to Roppongi Hills. When apartments were sold by the developer in 2013 ~ 2014, the average price was around 1,240,000 Yen/sqm. The average current asking price is around 1,540,000 Yen/sqm. The average resale price to date in 2018 is around 1,495,000 Yen/sqm, up 3.8% from 2017 (1,440,000 Yen/sqm) but down 13% from 2016 (1,719,000 Yen/sqm). This apartment sold for approximately 20% more than its price when brand new.|
|Majesty House Shinjuku Parknade (2014)|
|A 10-storey apartment building located 100 meters east of the Shinjuku Kyoen National Garden. The building was marketed heavily to investors. When new, apartments had an average price of around 1,200,000 Yen/sqm. This was a compact apartment on the low floor. It has been the only reported sale this year. It sold for approximately 4.8% more than its price when brand new. The average sale price in this building in 2017 was 1,155,000 Yen/sqm, down 3.8% from the average price when new.|
|The Parkhouse Harumi Towers Krono Residence (2013)|
|Part of a two-tower complex including the neighboring Tiaro Residence (2016). Together, the two towers contain 1,744 apartments. When new, apartments in Krono Residence were priced at around 770,000 Yen/sqm by the developer. There were 27 apartments listed for sale in this building as of October 2018, down from 28 listings in August. The average asking price was 1,150,000 Yen/sqm. The average resale price to date in 2018 is around 1,020,000 Yen/sqm, up 2.8% from 2017 (992,000 Yen/sqm) and up 3.1% from 2016 (989,000 Yen/sqm). This apartment sold for approximately 10% less than an identical apartment one floor up sold for in 2015.|
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: 113.18 Yen).
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