For Sale: 3-Bedroom corner apartment in Roppongi Hills


ROPPONGI HILLS RESIDENCE
SOLD

Potential rent: –

This is a sought-after three bedroom corner apartment on the 19th floor in Roppongi Hills Residence B – the 43-storey tower. The Roppongi Hills Residences form part of the internationally-renowned Roppongi Hills complex in the center of Tokyo, which includes a 238m tall office tower, a variety of restaurants and cafes, a high-end retail mall, the Grand Hyatt Hotel, the TV Asahi studio, and the Louis Vuitton, Tiffany and Escada boutiques.

The developer, Mori Building, spent 17 years getting the various land parcels and landowners together in order to start the project. Since it’s completion in 2003, Roppongi Hills has been considered one of the most desirable places to live, work and play in the country, and has attracted some of Japan’s most elite business people and celebrities as residents.

4 Apartments For Sale in Roppongi Hills

Four apartments are currently for sale in the Roppongi Hills Residences. The Residences form part of the landmark Roppongi Hills complex, which includes an office tower, restaurants, a retail mall, Grand Hyatt Hotel, TV Asahi studio, Louis Vuitton, Tiffany, and Escada boutiques.

Roppongi Hills is a nationally and internationally renowned complex and is considered one of the most desirable places to live, work and play. Residents can enjoy a rooftop party room, bilingual concierge desk, and may elect to join the on-site Roppongi Hills Spa & Gym. Of the 793 apartments in the four residential buildings, less than half are owned by private individuals, with the remainder held by Mori Building and available for rent only. All apartments in Residence C, for example, are rental only.

Apartment resale values in this complex have generally remained relatively high over the past 14 years. In early 2016, a 2-story penthouse was listed for sale for 4,420,000 Yen/sqm. Apartments on lower floors range in price from 2,500,000 ~ 3,500,000 Yen/sqm (2,085 ~ 2,920 USD / sq ft) depending on floor height and apartment size.

Of the four current sale listings in the building, two are vacant and ready to move into, while the other two are leased to tenants and suitable for investors only.

3-Bedroom apartment for sale in Roppongi Hills

Roppongi Hills Residence 9

Become part of the exclusive Roppongi Hills Tribe.

Price: SOLDSize: 121.93 sqm (1,312 sqft)

*This apartment sold in early December 2014 and is no longer available. It was listed for 67 days and sold at a 0% discount*

A 3-Bedroom apartment on the 41st floor in Roppongi Hills Residence B was listed for sale yesterday. This is a rare corner apartment located on the north-west corner of the building. The estimated rent on this apartment is approximately 1,100,000 Yen/sqm*.  It is currently occupied by the owner and inspections are available by advance appointment only.

At the moment this is the only apartment available for sale in Residence B. Since 2012, there have only been 6 apartments listed for sale in this building and only 3 of them were over 100 sqm in size. The most recent sale was a 3-Bedroom 150 sqm apartment on a lower floor which sold for approximately 371 million Yen (2,473,000 Yen/sqm) earlier this year.

While we have recently seen prices skyrocket in other high-rise buildings around central Tokyo,  apartment prices in Roppongi Hills have remained at consistently high levels for the past 10 years.

Roppongi Hills Residence

Average price: 2,000,000 ~ 3,500,000 Yen/sqm
Size range: 30.75 ~ 363.81 sqm (331 ~ 3915 sqft)

Location: 6-12-1~3 Roppongi, Minato-ku, Tokyo

 ABOUT

Roppongi Hills Residence is arguably the number 1 address in Japan. It is known both locally and internationally as the place to live and work in Tokyo.

This building never underwent any sales activity by the developer, Mori Building, when it was completed in 2003. In exchange for their land, Mori Building gave the original landholders some apartments in the new buildings (Residences A, B and D). This amounted to a little over 300 of the 793 apartments which were given to landholders. The remainder were kept by Mori and are available for rent. The landholder units are occasionally put up for resale by their owners.

In 2010, the average apartment asking price was 2,000,000 Yen/sqm.

Monthly building management and repair fund fees are approximately 823 Yen/sqm (based on apartment’s internal floor area).

The total cost of the project was 270 billion Yen, or 470 billion Yen when you include the value of the land.

The complex is made up of four residential buildings (A, B, C & D), as well as the Mori Tower office building, Grand Hyatt Roppongi Hotel, TV Asahi, designer shops such as Louis Vuitton, restaurants and gardens. The total size of the land is over 84,000 sqm. Residences A & B have apartments for sale, while Residence C is only for rent, and Residence D is a serviced apartment complex (which sometimes has small apartments for sale).

Facilities include bilingual concierge staff, doorman, porter, the Roppongi Hills Spa and gym, in-house doctor, sky lounge, rooftop gardens and guest suites.

Roppongi Hills has its own energy supplied by Roppongi Energy Service – not TEPCO. Underneath Mori Tower is a gas turbine co-generation system, steam boiler and an absorption refrigerator. The gas turbine system can generate up to 38,660 kW of power.