The House Minamiazabu

Average price: 1,800,000 Yen/sqm
Size Range: 81.21 ~ 412 sqm (873 ~ 4433 sqft)

Location: Minamiazabu, Minato-ku

 ABOUT

The House Minamiazabu is considered to be the best apartment complexes Japan. Located in Minamiazabu 5 Chome, it is just a few minutes walk to Arisugawa Park, Hiroo Station and Roppongi Hills.

The property was originally the site of the residence of the founder of Seibu Group. This residence was later purchased by Saison Group and became a members-only reception hall which hosted many private events and parties for Japan’s celebrities.

When sales first began, apartments were priced from 89 million to 1.27 billion Yen, with the majority of apartments priced in the 200 million Yen range.

Built in 2004, apartments still command high prices today. According to President Magazine’s March 2010 issue, average apartment prices in The House Minamiazabu have appreciated by 63.7% since new.  In early 2012, a 412 sqm penthouse unit was listed for sale at 1.8 billion Yen. It was later reduced to 1.5 billion Yen.

The building was ranked second in Tokyo for resale value growth, with the top spot going to Proud Minami Aoyama. During the peak of the property market in early 2008, apartments in the building were listed for approximately 2,350,000 Yen/sqm. They have since dropped to an average of 1,800,000 Yen/sqm.

Monthly building management and repair fund fees are approximately 515 Yen/sqm (based on apartment’s internal floor area).

Facilities:

  • Concierge Service provided in cooperation with The Hotel Okura
  • 24hr Caretaker
  • Partyroom
  • Kitchen Studio
  • Golf Range
  • Guest Suite

Sales Points:

  • Name-recognition
  • Expat Area
  • 3 minute walk to Arisugawa Park and National Azabu Supermarket
  • International School area (Nishimachi International School, Sacred Heart, Montessori, ASIJ & German School Bus Stops)
 LOCATION

5-2-5, Minami Azabu, Minato-ku, Tokyo

Hibiya Line – Hiroo Station – 4 min walk

 BUILDING DETAILS
Completion: 2004
No. of units: 119
Construction: 10 Stories
Construction Company: Mitsui Corporation
Developer: Nomura Corporation
Carparking: 113 spaces
Land size: 7058.94 sqm
Land ownership: Freehold
 IMAGES
 FLOOR PLANS

^ 1F 3-Bedroom 178.31 sqm (1919 sqft). Previously listed for 330,000,000 Yen. Monthly building fees: 91,845 Yen.

^ 9F 3-Bedroom 272.35 sqm (2930 sqft). Previously listed for 698,000,000 Yen.

^ 11F 1-Bedroom Penthouse 412 sqm (4433 sqft). Previously listed for 1.5 billion Yen. Monthly building fees: 215,375 Yen.

 APARTMENTS PREVIOUSLY LISTED FOR SALE
  • B1F-1F 3-Bedroom 178.31 sqm 330,000,000 Yen
  • 3F 2-Bedroom 112.06 sqm 198,000,000 Yen
  • 4F 2-Bedroom 106.28 sqm 166,000,000 Yen
  • 4F 3-Bedroom 126.05 sqm 275,000,000 Yen
  • 4F 3-Bedroom 150.81 sqm 268,000,000 Yen
  • 6F 3-Bedroom 158.25 sqm 299,000,000 Yen
  • 6F 2-Bedroom 152.77 sqm 300,000,000 Yen
  • 8F 3-Bedroom 158.99 sqm 318,000,000 Yen
  • 9F 3-Bedroom 272.35 sqm 650,000,000 Yen (Reduced from 880,000,000 Yen)
  • 10F Penthouse 412 sqm 1,500,000,000 Yen (Reduced from 1,800,000,000 Yen)

3 thoughts on “The House Minamiazabu”

  1. Some websites claim the penthouse at The House is the most expensive one-bedroom in the world. It is listed on Sotheby’s Japan at 1.8 billion yen for 412 sqm. I wonder what the floor plan looks like as it is hard to imagine a one-bedroom of this size especially in Tokyo.

    It’s great to see it has been tastefully designed with a blend of traditional and contemporary Japanese style (as opposed to the classical Renaissance style that you sometimes see in expensive properties which just seems out of place in Japan).

    http://www.japan-sir.jp/en_us/thing/archives/5534

    1. The interior is enviable and it very well could be the most expensive 1LDK, or more like 1LLDDDKK. Although not the largest as one of the penthouses at La Tour Daikanyama was 500sqm with just one bedroom.

      Speaking of Renaissance style, there is a penthouse apartment in Roppongi Hills for sale at 880 million Yen in the style you speak of (http://www.kencorp.co.jp/housing/sale/2007025143.html). On a price/sqm basis, it isn’t that much cheaper than Minamiazabu.

      1. Yes that’s the style I was referring to! Personally I find that such decor causes the property value to drop by at least 20%! And I’m sure it’s as costly to produce as tasteful modern Japanese design. Must be a generational gap thing!

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