Tokyo apartment sales in August 2015

Tokyo apartment sales August

The following is a selection of apartments that were sold in central Tokyo during the month of August 2015:

Building Sold Price
(USD/sq ft) Days Listed Discount
Park Mansion Daikanyama (2008)
/sq ft
35 9.1%

This is one of the luxury low-rise condominiums in the trendy Daikanyama area, just south of Shibuya Station. When new, apartments were around 1,815,000 Yen/sqm, indicating an appreciation of around 25%. 

Grande Maison Shirokane-no-mori The Tower (2015)
/sq ft
165 3.5%

This building was completed in June 2015, with apartments delivered to buyers in August. All new apartments had sold out prior to completion, with several being recently listed for re-sale by original buyers. When new, this apartment would have been priced at around 1,625,000 Yen/sqm, indicating a gain of around 15%.

Park Court Akasaka The Tower (2009)
/sq ft
108 5.2%

This apartment sold for about 18.5% higher than the average price in 2014 (1,451,000 Yen/sqm).

Average prices:

  • 2014 1st half: 1,289,000 Yen/sqm
  • 2014 2nd half: 1,575,000 Yen/sqm
  • 2015 1st half: 1,693,000 Yen/sqm.
Park Court Azabu Juban (2010)
/sq ft
119 0%

This apartment was on a low floor and sold for a similar price as other apartments on lower floors. It sold for about 13% higher than apartments were selling for in 2014.

Homat Capital (1980)
/sq ft
77 6.7%

One of a very small number of residential buildings that back onto the Happo-en estate in Shirokane. This is part of the vintage ‘Homat’ series of apartments. The interior required a complete renovation. Nevertheless, this has been the most expensive sale on a price/sqm basis in this building in the past 20 years. Over the past 20 years the average price has been 815,000 Yen/sqm.

Waterras Tower Residence (2013)
/sq ft
26 2.3%

When sales in this building began in 2011, the average price was around 1,225,000 Yen/sqm, indicating an appreciation of around 70% since new. In 2015 the average sale price was 2,102,000 Yen/sqm, up 27.6% from 2014 (1,647,000 Yen/sqm).

City Tower Azabu Juban (2009)
/sq ft
37 0%

With the exception of the penthouse apartments, this has been one of the most expensive apartments sold to date in the building. This price is 7.8% higher than the average sale price for the first half of 2015 (1,814,000 Yen/sqm), and 27% higher than the average price in 2014 (1,541,000 Yen/sqm). This particular apartment sold for around 77% more than identical sized apartments were selling for in 2012 ~ 2013.

Terrace Shibuya Mitake (2012)
/sq ft
12 0%

This apartment, located just 2 minutes walk from Shibuya Station, went under contract within about a week of being listed. The average price in this building when sales first began in 2011 was around 1,381,000 Yen/sqm, indicating an appreciation of 27% since new. This has been the highest sale on a price/sqm basis to date.

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 is 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: 121.11 Yen).

 908 total views,  4 views today