The following is a selection of apartments that were reported to have sold in central Tokyo during the month of September 2019:
|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. There are currently 4 sale listings in the 322-unit building, down from 10 listings at the end of January. The average asking price is 4,075,000 Yen/sqm. The average resale price to date in 2019 is around 3,440,000 Yen/sqm, up 2.6% from 2018 (3,354,000 Yen/sqm). This was a compact apartment on a low floor.
|The Roppongi Tokyo (2011)|
A 39-story high rise in the Roppongi neighbourhood with concierge, gym, guest suite and resident lounge. Current asking prices in this building range from 2,050,000 ~ 3,820,000 Yen/sqm, with an average price of around 2,245,000 Yen/sqm. There are currently 18 sale listings, down from 24 listings in August. The average resale price to date in 2019 is around 2,130,000 Yen/sqm, up 1.4% from 2018 (2,100,000 yen/sqm) and up 8.7% from 2017 (1,960,000 Yen/sqm). This has been the most expensive reported resale in this building on a price-per-square-meter basis to date.
|Roppongi Hills Residence (2003)|
Roppongi Hills has long been considered Japan’s premium address. This was a studio located on a low floor in the serviced-apartment residence. It sold for 14% less than a similar apartment on a lower floor sold for last year, but 22% more than a similar apartment on the same floor sold for in 2013. There are currently just 3 sale listings in this complex, of which 2 are leased to tenants.
|Ark Hills Sengokuyama Residence (2012)|
Ark Hills Sengokuyama is a 47-storey mixed-use development by Mori Building. The high-end residences are located on the lower floors of the building and include concierge service and the Hills spa. Despite having 243 apartments, including Mori’s rental-only units, only 4 apartments are currently available for sale in this building, with an average asking price of 2,780,000 Yen/sqm. Two of these four apartments are rented to tenants with gross yields of 3.0 ~ 3.2%. This was a spacious tenanted apartment. It has been the second most expensive reported resale in this building on a price-per-square-meter basis to date.
|Park Court Hamarikyu The Tower (2019)|
Park Court Hamarikyu The Tower is a 37-story apartment building located a 5 minute walk from Hamamatsucho Station. When new, apartments were priced from 1,500,000 ~ 3,000,000 Yen/sqm. There are currently 18 resale listings in the 565-unit building with an average asking price of 2,095,000 Yen/sqm. The average resale price to date in 2019 has been around 1,810,000 Yen/sqm. This apartment sold for approximately 17% more than its price when brand new.
|Wellith Tower Atago Toranomon (2014)|
A 22-storey apartment building located 300 meters from Tokyo Tower. When new, apartments were priced at around 1,170,000 Yen/sqm. There were 4 sale listings in the 110-unit as of September 2019, with an average asking price of around 1,960,000 Yen/sqm. This was a compact apartment on a high floor. It sold tenanted with a gross yield of 3.4%. This has been the most expensive reported resale in this building on a price-per-square-meter basis to date.
|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 2,120,000 Yen/sqm. There are currently just 5 sale listings in the 314 unit building, of which 3 are leased to tenants and suitable for investors only. The average sale price to date in 2019 is around 2,050,000 Yen/sqm. This apartment sold for approximately 35% more than a similarly-sized one on the same floor sold for in 2011.
|Coop Olympia (1965)|
Co-Op OIympia is a landmark vintage apartment building located in a prime location alongside Omotesando Avenue and very close to Harajuku Station Yoyogi Park. Built in 1965, the 8-storey building has 171 apartments. There are currently just 3 sale listings in the building with an average asking price of 1,600,000 Yen/sqm. The average resale price to date in 2019 is around 1,450,000 Yen/sqm, down 4.6% from 2018 (1,520,000 Yen/sqm). This apartment sold for approximately 20% more than a similarly-sized one on the same floor sold for earlier this year.
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: 106.76 Yen).
261 total views, 9 views today