Proud Tower Tachikawa
Proud Tower Tachikawa

100 million Yen-plus apartments are starting to appear in station developments across Japan, and not just in central Tokyo. According to the Real Estate Economic Institute, there were a total of 1,688 brand new apartments priced over 100 million Yen (approx. 905,000 USD) released for sale in greater Tokyo in 2015.

All apartments in Proud Tower Tachikawa - a 32-storey, 319-unit residential tower connecting to Tachikawa Station in west Tokyo - sold out prior to completion, despite having strong pricing of around 1,000,000 Yen/sqm (840 USD/sq.ft). Apartments on the top floor were priced over 100 million Yen. The average age of a buyer was 53, and approximately 40% of the buyers were doctors and medical professionals. The building is due for completion in August 2016.

A 30-storey high-rise apartment building is currently under construction in front of Atami Station in Shizuoka Prefecture. The Crest Tower Atami is due for completion in February 2017. Apartments are priced at around 600,000 ~ 700,000 Yen/sqm (505 ~ 590 USD/sq.ft). A 124 sqm (1,334 sq.ft) 2-Bedroom apartment on the top floor was priced at 145 million Yen (1.3 million USD).

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