The following is a selection of apartments that were reported to have sold in central Tokyo during the month of February 2019:

Building Sold Price
(Yen/sqm)
(USD/sq.ft) Days Listed Discount
 
Azabudai Parkhouse (2011)
2-Bedroom
¥2,695,000
/sqm
$2,245
/sq ft
25 0%

Azabudai Parkhouse is a leasehold condominium located next-door to the Tokyo American Club. When new, apartments had an average price of around 1,720,000 Yen/sqm. The average resale price in 2018 was 1,370,000 Yen/sqm, down 10% from 2017 (1,525,000 Yen/sqm). This was a compact apartment on the ground floor. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date, selling for 110% more than a slightly larger apartment on the same floor sold for in 2015.

 
The Roppongi Tokyo (2011)
2-Bedroom
¥2,133,000
/sqm
$1,775
/sq ft
274 0%

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 2,080,000 ~ 2,525,000 Yen/sqm, with an average price of around 2,250,000 Yen/sqm. There are currently 23 sale listings. The average resale price to date in 2019 is around 2,010,000 Yen/sqm, down 4% from 2018 (2,100,000 Yen/sqm), but up 2.5% from 2017 (1,960,000 Yen/sqm). This apartment sold for approximately 39% more than an identical apartment a few floors up sold for in 2013.

 
The Conoe Daikanyama (2016)
2-Bedroom
¥2,050,000
/sqm
$1,705
/sq ft
56 3.9%

The Conoe Daikanyama is a 13-storey apartment building in front of Daikanyama Station. There are currently 10 sale listings in the building with an average asking price of 2,040,000 Yen/sqm. The average resale price in 2018 was 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 compact apartment on a low floor.

 
Daikanyama Address The Tower (2000)
3-Bedroom
¥1,965,000
/sqm
$1,635
/sq ft
11 0%

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 1,945,000 Yen/sqm. The average sale price in 2018 was 1,700,000 Yen/sqm, up 5.6% from 2016 (1,610,000 Yen/sqm). This was a large apartment on a high floor. It has been the third most expensive reported resale in this building on a price-per-square-meter basis to date.

 
The Parkhouse Nishiazabu Residence (2014)
2-Bedroom
¥1,859,000
/sqm
$1,545
/sq ft
21 1.6%

A 24-storey high-rise located a 6 min walk from Hiroo Station and 12 min walk from Roppongi Station. When new, apartments had an average price of around 1,300,000 Yen/sqm. Current asking prices in this building range from 1,655,000 ~ 2,200,000 Yen/sqm, with an average of 1,870,000 Yen/sqm. The average resale price in 2018 was 1,730,000 Yen/sqm, up 7.1% from 2017 (1,615,000 Yen/sqm). Over 20% of the apartments in this building have come up for resale since its completion in 2014. This has been the second most expensive reported resale in this building on a price-per-square-meter basis to date.

 
Branz Roppongi (2013)
2-Bedroom
¥1,844,000
/sqm
$1,535
/sq ft
433 3.1%

Branz Roppongi is a 5-storey low-rise located a 3 minute walk from Roppongi Station. When new, apartments had an average price of around 1,285,000 Yen/sqm. The current average asking price is around 1,680,000 Yen/sqm. The average resale price to date in 2019 is 1,590,000 Yen/sqm, down 1.9% from 2018 (1,620,000 Yen/sqm), but up 6% from 2017 (1,500,000 Yen/sqm). This was a compact apartment on the top floor. It has been the highest reported resale in this building on a price-per-square-meter basis to date.

 
Palais Royal Minami Aoyama (1977)
2-Bedroom
¥1,738,000
/sqm
$1,445
/sq ft
30 5%

Palais Royal Minami Aoyama is a vintage low-rise apartment building located in Omotesando. This apartment sold for approximately 22% more than an identical apartment one floor up sold for in 2017, and 89% more than it previously traded for in 2006. It has been the most expensive sale in this building on a price-per-square-meter basis to date.

 
Wellith Roppongi (2014)
3-Bedroom
¥1,569,000
/sqm
$1,305
/sq ft
103 2.2%

Wellith Roppongi is 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 1,470,000 Yen/sqm. Almost a third of the apartments in the building have come up for resale since its completion in 2014. The average resale price in 2018 was 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 27% more than its price when new.

 
Grand Le Jade Shibuya Tomigaya (2018)
1-Bedroom
¥1,421,000
/sqm
$1,185
/sq ft
46 2.9%

Grand Le Jade Shibuya Tomigaya is a recently completed 12-storey apartment building located 600 meters west of Yoyogi Park. When new, the average price was around 1,500,000 Yen/sqm. This was a compact apartment on a mid-floor. It sold for approximately 2.7% less than its price when new.

 
The Parkhouse Harumi Towers Tiaro Residence (2016)
3-Bedroom
¥971,000
/sqm
$810
/sq ft
121 2.4%

Part of a two-tower complex including the Krono Residence (2013) and Tiaro Residence (2016).There were 42 apartments listed for sale as at the end of February, up from 26 apartments in August 2018. The average asking price was 1,100,000 Yen/sqm. The average resale price to date in 2019 is around 992,000 Yen/sqm, up 1.0% from 2018 (982,000 Yen/sqm). This was a south-facing apartment on a low floor. It sold for approximately 4% more than an identical one on the same floor sold for in late 2017.

Kachidoki The Tower (2016)
3-Bedroom
¥929,000
/sqm
$775
/sq ft
81 2%

A 53-story, 1,420-unit apartment building located on a man-made island in Tokyo bay. Construction was completed in December 2016. As at the end of February 2019, there were 49 apartments listed for sale (up from 33 as at the end of February 2018) with an average asking price of 1,180,000 Yen/sqm. When new, the average off-the-plan price was around 920,000 Yen/sqm. The average resale price to date in 2019 is around 1,000,000 Yen/sqm, down 9.7% from 2018 (1,107,000 Yen/sqm) and down 3.4% from 2017 (1,035,000 Yen/sqm). This was a tenanted apartment on a low floor. It sold with a gross yield of 4.4%.

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: 111.68 Yen).

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