Tag Archives: Tokyo Penthouse Apartment

Discount on the world’s largest 1-bedroom apartment

Is this the biggest 1-bedroom apartment in the world? It almost certainly is the largest one-bedroom in Japan, and at 700sqm+ it is Japan’s 2nd largest apartment.

Sadly, this penthouse atop Brillia Mare Ariake remains unsold despite a recent drop in the asking price from 1.05 billion to 600 million Yen (7.6 million USD). Not even Madonna’s advertising campaign for the building was enough to secure a sale (see Youtube ads here and here).

Price Reduction

After a 43% price reduction, the new price works out to 840,000 Yen/sqm.

Normal, non-penthouse apartments in this building were priced at 750,000 Yen/sqm when listed off-the-plan in 2007. Prices increased to 825,000 Yen/sqm by 2010~2011, but they have taken  tumble since the Tohoku disaster which highlighted the risk of living on man-made islands, and are now around 728,000 Yen/sqm (850 USD/sqft). This represents a fall of 3% since new. Average rents have also fallen by approximately 9.7% in the past 2 years. Continue reading

The House Minamiazabu penthouse floorplan now available

The floorplan for the 1.8 billion Yen (22.8 million USD) penthouse in The House Minamiazabu has just been made public. This apartment recently made headlines in foreign media through a PR-blitz announcing it as the ‘most expensive 1-Bedroom apartment in the world’. Continue reading