Tokyo Apartment Sales in October 2019

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

BuildingSold Price
(Yen/sqm)
(USD/sq.ft)Days ListedDiscount
Aoyama Park Tower (2003)
3-Bedroom
¥2,917,000
/sqm
$2,480
/sq ft
100%

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 2,145,000 Yen/sqm. There are currently just 4 sale listings in the 314 unit building. The average sale price to date in 2019 is around 2,220,000 Yen/sqm. This apartment sold for approximately 12% more than a similarly-sized one downstairs sold for earlier this year and 87% more than it previously traded for in 2012. This has been the highest reported resale in this building on a price-per-square-meter basis to date.

Park Court Aoyama The Tower (2017)
2-Bedroom
¥2,543,000
/sqm
$2,165
/sq ft
1510.7%

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 currently 21 sale listings in the 163-unit building with an average price of 3,200,000 Yen/sqm. The average asking price of an apartment over 100 sqm is around 3,875,000 Yen/sqm, and 2,785,000 Yen/sqm for apartments under 100 sqm. There have only been three publicly reported resales in this building to date, with an average resale price of 2,530,000 Yen/sqm. This apartment may have sold for slightly less than its price when brand new.

Akasaka Tower Residence (2008)
2-Bedroom
¥2,270,000
/sqm
$1,930
/sq ft
740%

A 45-storey luxury apartment building with concierge, rooftop deck and cafe, library, lounges and guest suites.  Despite having 521 apartments in the building, only 9 were available for sale as at the end of June 2019. The current asking price in this building is around 2,165,000 Yen/sqm. The average resale price to date in 2019 is around 2,200,000 Yen/sqm, up 3.8% from 2018 (2,119,000 Yen/sqm) and up 14.9% from 2017 (1,915,000 Yen/sqm). This was an apartment on a high floor. It sold for approximately 59% more than it previously traded for in 2013.

Park Court Hamarikyu The Tower (2019)
1-Bedroom
¥2,256,000
/sqm
$1,920
/sq ft
1010%

Park Court Hamarikyu The Tower is a 37-story, 565-unit high-rise located near Hamamatsucho Station. The building was completed in January 2019. When new, apartments were priced from 1,500,000 ~ 3,000,000 Yen/sqm. There are currently 19 resale listings with an average asking price of around 2,060,000 Yen/sqm. The average resale price to date in 2019 is around 1,855,000 Yen/sqm. This was a compact apartment on a high floor. It sold for approximately 45% more than its price when brand new.

Park Court Roppongi Hilltop (2012)
2-Bedroom
¥2,213,000
/sqm
$1,880
/sq ft
760.7%

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 2,415,000 Yen/sqm. The average resale price to date in 2019 is around 2,260,000 Yen/sqm, up 18% from 2018 (1,915,000 Yen/sqm) and up 2% from 2017 (2,215,000 Yen/sqm). This was a compact apartment on a low floor. It sold for approximately 30% more than an identical apartment a few floors up sold for in 2014.

The Parkhouse Nishiazabu Residence (2014)
2-Bedroom
¥2,006,000
/sqm
$1,710
/sq ft
1264.0%

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 1,650,000 ~ 2,000,000 Yen/sqm, with an average of 1,810,000 Yen/sqm. The average resale price to date in 2019 is around 1,930,000 Yen/sqm, up 11.6% from 2018 (1,730,000 Yen/sqm) and up 19.5% from 2017 (1,615,000 Yen/sqm). This has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

Grand Suite Azabudai Hilltop (2014)
1-Bedroom
¥1,972,000
/sqm
$1,680
/sq ft
1513.9%

Grand Suite Azabudai Hilltop Tower is a 29-storey high-rise located near the Russian Embassy and Tokyo American Club. When pre-sales began in 2013, apartments had an average price of around 1,360,000 Yen/sqm. The current asking price in this building is around 1,960,000 Yen/sqm. The average resale price to date in 2019 is around 1,920,000 Yen/sqm. This apartment sold for approximately 18 ~ 20% more than its price when brand new.

Branz Shibuya Tokiwamatsu (2017)
3-Bedroom
¥1,806,000
/sqm
$1,535
/sq ft
1230.4%

Branz Shizuya Tokiwamatsu is a 13-story apartment building located a 13 minute walk from Omotesando Station. When new, apartments were priced between 1,325,000 ~ 2,050,000 Yen/sqm. The current average asking price in this building is around 1,660,000 Yen/sqm. This apartment sold for 3.5% less than its price when brand new.

Premist Shibuya Miyamasuzaka (2014)
Studio
¥1,550,000
/sqm
$1,320
/sq ft
5001.6%

Premist Shibuya Miyamasuzaka is a compact-style apartment building located a 4-minute walk from Shibuya Station. Apartments are generally sized around 32 ~ 44 sqm. When new, apartments had an average price of around 1,435,000 Yen/sqm. This apartment sold for approximately 8.5% more than its price when brand new.

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: 109.22 Yen).

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