tokyo-apartment-sales-201611

The following is a selection of apartments that were sold in central Tokyo during the month of November 2016:

Building Sold Price
(Yen/sqm)
(USD/sq ft) Days Listed Discount
Toranomon Hills Residence (2014)
2-Bedrooms
¥3,374,000
/sqm
$2,760
/sq ft
25 0%
Toranomon Hills is the crowning jewel for Mori Building’s mixed-use office/hotel/residential projects. The residences on floors 36~46 are without a doubt the most luxurious apartments currently available in Japan. This apartment was competitively priced, and sold within a very short time frame at full ask.
The Conoe Daikanyama (2016)
2-Bedrooms
¥2,139,000
/sqm
$1,750
/sq ft
62 7.6%
The Conoe Daikanyama is a recently completed building in front of Daikanyama Station. Current average asking prices in this building are around 2,130,000 Yen/sqm, with a penthouse listed for 3,300,000 Yen/sqm. There have been 4 reported re-sales in this building to date, with this apartment being the highest reported re-sale on a price-per-square-meter basis.
Park Court Azabujuban The Tower (2010)
1-Bedroom
¥1,963,000
/sqm
$1,610
/sq ft
73 5.5%

A 36-storey high rise in the Azabu Juban area with concierge, gym, guest suite and resident lounge. Current asking prices in this building range from 1,510,000 ~ 2,600,000 Yen/sqm. Apartments on the 10th floor and lower have an average asking price of around 1,540,000 Yen/sqm, while apartments on floors 20 and above have an average asking price of around 2,065,000 Yen/sqm (approx. 34% more than lower floors).

The average sale price to date in 2016 is around 1,865,000 Yen/sqm, up 1.5% from 2015 (1,838,000 Yen/sqm), and up 24.3% from 2014 (1,500,000 Yen/sqm).

This unit was a 1-Bedroom apartment on a high-floor with views of Tokyo Tower. This was the second highest price paid on a  price-per-square-meter basis for a 1-Bedroom apartment in this building to date. It sold for approximately 10% more than an identical apartment on a lower floor sold for a few months earlier.

City Tower Azabujuban (2009)
3-Bedrooms
¥1,926,000
/sqm
$1,580
/sq ft
111 5.1%
Located next-door to Park Court Azabu Juban The Tower. Current asking prices in this building range from 1,600,000 ~ 2,270,000 Yen/sqm. Apartments on the 10th floor and lower have an average asking price of around 1,670,000 Yen/sqm, while apartments on floors 20 and above have an average asking price of around 1,920,000 Yen/sqm.

The average sale price to date in 2016 is around 1,780,000 Yen/sqm, down 4.6% from 2015 (1,865,000 Yen/sqm), but up 15.5% from 2014 (1,541,000 Yen/sqm).

This apartment was on a high floor. It sold for approximately 40% more than an identical apartment a few floors down sold for in 2013, and has been the second highest sale on a price-per-square-meter basis in this building in 2016.

Four Seasons Grande Ichibancho (2001)
3-Bedrooms
¥1,832,000
/sqm
$1,500
/sq ft
72 0%
A 14-storey apartment building in Chiyoda’s ‘Bancho’ area just west of the Imperial Palace. This neighbourhood is home to some of the highest valued residential land in Japan.

This has been the highest reported resale in this building to date on a price-per-square-meter basis, eclipsing a previous record for a sale in September. 

The average sale price in this building in 2016 has been around 1,530,000 Yen/sqm.

Century Forest Daikanyama (2011)
2-Bedrooms
¥1,754,000
/sqm
$1,435
/sq ft
163 3.3%
A high-end, low-rise complex between Daikanyama and Shibuya Stations. When new, the average sale price was around 1,370,000 Yen/sqm.

This apartment sold for approximately 6% more than a similar apartment on a higher floor sold for several months ago.

The average sale price in 2016 has been around 1,730,000 Yen/sqm, down 8% from 2015 (1,880,000 Yen/sqm). The current asking price in this building is around 1,840,000 Yen/sqm.

Park Court Ebisu Hilltop Residence (2000)
2-Bedrooms
¥1,676,000
/sqm
$1,370
/sq ft
120 4.0%

A 14-storey apartment building located a 6 minute walk from Ebisu Station.

This has been the highest re-sale on a price-per-square-meter  basis in this building to date. The apartment sold for approximately 11% more than an identical apartment on a lower floor sold for two month’s prior.

In the 2000’s, average resale prices in this building hovered around 1,185,000 Yen/sqm. The average resale price in 2016 has been 1,590,000 Yen/sqm, up 20.4% from 2015 (1,320,000 Yen/sqm) and up 48.6% from 2013 (1,070,000 Yen/sqm).

Park Court Akasaka The Tower (2009)
2-Bedrooms
¥1,641,000
/sqm
$1,345
/sq ft
326 8.2%
A luxury high-rise in Akasaka. The current average asking price in this building is around 1,775,000 Yen/sqm. Apartments on the 10th floor and lower have an average asking price of 1,650,000 Yen/sqm, while apartments on floors 20 and above have an average asking price of around 1,930,000 Yen/sqm (approx. 17% more than lower floors).

The average sale price in 2016 has been 1,565,000 Yen/sqm, down 8.1% from 2015 (1,703,000 Yen/sqm), but up 7.9% from 2014.

This has been the second highest sale on a price-per-square-meter basis in this building in 2016. It sold for approximately 16% more than a similar apartment on a lower floor sold for in 2014.

Branz Roppongi (2013)
1-Bedroom
¥1,417,000
/sqm
$1,160
/sq ft
126 0%
A low-rise building located a 3 minute walk from Roppongi Station. When new, apartments had an average price of around 1,285,000 Yen/sqm. Current asking prices in this building are around 1,500,000 Yen/sqm.

This apartment sold for approximately 2% less per-square-meter than another apartment on the same floor sold for in 2014.

The Tokyo Towers (2008)
3-Bedrooms
¥1,040,000
/sqm
$850
/sq ft
15 2.3%
A two-tower complex containing 1,466 apartments located on a manmade island in Tokyo’s bayside area – an area scheduled to host Olympic events and the Athletes Village in 2020.

So far, the average resale price in 2016 has been around 918,000 Yen/sqm, down 0.4% from 2015 (922,000 Yen/sqm), and down 2.2% from 2014 (939,000 Yen/sqm).

This apartment was on a very high floor in the building. It sold for approximately 19% more than an identical apartment a few floors down sold for in 2014.

The Parkhouse Harumi Towers Tiaro Residence (2016)
1-Bedroom
¥963,000
/sqm
$790
/sq ft
64 1.1%
A recently completed 49-storey condominium tower forming part of a two-tower complex on a man-made island in Tokyo Bay. Together, the two towers contain 1,744 apartments.

The average sale price in 2016 has been around 1,020,000 Yen/sqm.

This apartment may have sold for approximately 10% more than its price when sold off-the-plan in 2014.

The current average asking price in this building is around 1,070,000 Yen/sqm, and there are 72 apartments listed for sale in this building November, down from 77 listings in October but up from 58 listings in August. 

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 are 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: 113.50 Yen).

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