The following is a selection of apartments that were reported to have sold in central Tokyo during the month of April 2019:
|Park Court Aoyama The Tower (2018)|
Park Court Aoyama The Tower is a luxury condo with an iconic curved exterior. Off-the-plan sales began in late 2016, with the building selling out just upon completion in December 2017. The average price when brand new was around 2,800,000 Yen/sqm. There are 163 apartments over 26 floors. Resident features include pool, gym, lounge, movie screening theatre and concierge. There are currently 18 sale listings in this building with an average price of 3,275,000 Yen/sqm. The average asking price of an apartment over 100 sqm is around 4,450,000 Yen/sqm, and 2,690,000 Yen/sqm for apartments under 100 sqm. This has been the first publicly reported resale in this building. It was sold tenanted with a gross rental yield of around 3.4%.
|Park Court Roppongi Hilltop (2012)|
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 currently just 2 apartments listed for sale in this building with an average asking price of 2,445,000 Yen/sqm. There have been 2 reported sales to date in 2019 with an average price of 2,380,000 Yen/sqm, up 24.3% from 2018 (1,915,000 Yen/sqm) and up 7.5% from 2017 (2,215,000 Yen/sqm). This was a spacious 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.
|Park Homes Nihonbashi Ningyocho The Residence (2018)|
A relatively new condo in the western side of Nihonbashi. When new, apartments in the 80-unit, 18-storey building were priced around 1,450,000 Yen/sqm, with apartments over 90 sqm priced around 1,700,000 ~ 1,830,000 Yen/sqm. There are currently 3 resale listings with an average asking price of 1,490,000 Yen/sqm. There have been 3 reported resales over the past year and a half with smaller units selling for around 1,550,000 Yen/sqm. This was a larger apartment on a high floor.
|Park Court Akasaka The Tower (2009)|
A 43-storey luxury high-rise in Akasaka. The current average asking price in this building is around 1,910,000 Yen/sqm, with just 5 listings. The average resale price to date in 2019 is around 1,770,000 Yen/sqm, up 3.2% from 2018 (1,715,000 Yen/sqm) and up 8.3% from 2017 (1,635,000 Yen/sqm). This was a spacious, corner apartment on a mid-floor. It sold for 38% more than an identical apartment a few floors up sold for in 2013 and has been the most expensive reported resale in this building on a price-per-square-meter basis to date.
|City Tower Azabu Juban (2009)|
City Tower Azabu Juban is located next-door to Park Court Azabu Juban The Tower. Current asking prices in this building range from 1,730,000 ~ 3,340,000 Yen/sqm. 15 of the 501 apartments were listed for sale as at April 2019, down from 20 apartments as at November 2018. The average asking price is 2,160,000 Yen/sqm and the average apartment size is 73 sqm (785 sq.ft). There have already been 8 reported resales in this building in the first 4 months of 2019, up from 7 listings for all of 2018. The average sale price to date in 2019 is around 1,930,000 Yen/sqm, down 2.3% from 2018 (1,975,000 Yen/sqm) but up 1.3% from 2017 (1,905,000 Yen/sqm). This apartment sold for 53% more than an identical apartment upstairs sold for in 2013. It has been the most expensive reported resale in this building on a price-per-square-meter basis for a non-penthouse apartment to date.
|Wellith Arisugawa (2013)|
Wellith Arisugawa is a 4 minute walk from Hiroo Station. When new, the average apartment price was 1,630,000 Yen/sqm. There are currently 8 sale listings in this building with an average asking price of 2,110,000 Yen/sqm. There have been just 3 reported resales in this building to date, with this being the most expensive reported resale on a price-per-square-meter basis.
|The Parkhouse Gran Sanbancho (2014)|
A luxurious 148-unit high-rise located in a prestigious location just 250 meters west of the Imperial Palace moat. When new, apartments had an average price of around 1,450,000 Yen/sqm, and all new apartments sold out five months before construction was completed. There are currently no sale listings. The average resale price to date in 2019 is around 2,000,000 Yen/sqm. This has been the most expensive reported resale in this building on a price-per-square-meter basis to date.
|Foretseine Akasaka Hinokizaka (2016)|
A luxury condo located just up the hill from Hinokicho Park and Tokyo Midtown. When new, apartments were priced from 1,470,000 ~ 2,800,000 Yen/sqm. All new apartments had sold out by April 2015 – 9 months prior to completion. The current asking price in this building is around 2,495,000 Yen/sqm. There have only been 3 reported resales in this building to date. This apartment sold for approximately 9.5% more than a similar apartment upstairs sold for in late 2017.
|Sanbancho Park Terrace Ou-en (2005)|
A luxury apartment building located in the Bancho area – a highly-regarded residential neighborhood west of the Imperial Palace. The building features a concierge, porte-cochere entrance, and ceiling heights up to 2,700mm. Although there are 102 apartments in the building, they are tightly held and rarely appear for resale. There is currently just 1 sale listing with an asking price of 2,033,000 Yen/sqm. There have been just 5 reported resales in this building since 2005.
|Aoyama Park Tower (2003)|
Aoyama Park Tower is a 34-storey high-end apartment building located a few hundred meters from Shibuya Station. The station area is undergoing a massive redevelopment and transformation over the next several years. The average asking price in this building is currently around 2,300,000 Yen/sqm. This was a small apartment on a low floor. It sold for 3% more than a similar apartment one floor up sold for in March, and 38% more than an identical apartment on a higher floor sold for in 2012.
About the data:
- The data is based on information supplied to REINS by agents.
- This data 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 the apartment’s internal floor area and does not include balconies, car parks or common areas.
- The exchange rate is at the time of publishing the article and is subject to change (1 USD: 109.74 Yen).
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