The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2018:
| Building | Sold Price (Yen/sqm) |
(USD/sq ft) | Days Listed | Discount |
|---|---|---|---|---|
| Brillia Towers Meguro (2017) 2-Bedroom |
¥2,326,000 /sqm |
$1,965 /sq ft |
44 | 2.8% |
|
Brillia Towers Meguro is a multi-tower high-rise office and residential complex located on the eastern side of Meguro Station. When new, apartments on floors 30 and above had an average price of 2,435,000 Yen/sqm, while lower floors were priced around 1,700,000 ~ 2,010,000 Yen/sqm. Sales were held via a lottery system, with some of the popular apartments receiving as many as 40 purchase applications. The building was completed in December 2017. As at January 2018 there were 42 apartments listed for resale with an average asking price of 2,190,000 Yen/sqm. Apartments on the 30th floor and above had an average asking price of 2,485,000 Yen/sqm, while apartments over 80 sqm in size had an average asking price of 2,730,000 Yen/sqm. This was a compact apartment on a mid-floor. It sold for 20% more than an identical apartment two floors down sold for last October, but 0.7% less than the apartment downstairs recently resold for. |
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| Grand Suite Toranomon (2007) 2-Bedrooms |
¥1,965,000 /sqm |
$1,660 /sq ft |
25 | 0.9% |
| A 21-storey apartment building located directly across the street from the Toranomon Hills office/residential/hotel complex. Despite having 122 apartments, there were no listings in the building as at the end of January 2018. There are typically around 2 reported sales in this building each year.
This was a penthouse apartment with views of Tokyo Tower. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date. It sold for approximately 19% more than an identical apartment downstairs sold for in late 2015. |
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| Hiroo Garden Hills (1985) 3-Bedrooms |
¥1,942,000 /sqm |
$1,640 /sq ft |
7 | 0% |
| Hiroo Garden Hills is a popular large-scale vintage apartment complex near Hiroo Station that was developed during the 1980s.
Although there are 1,181 apartments in the complex, only 13 were listed for sale as at the end of January 2018, representing 1% of the total. 3 of those 13 were already under offer. Average asking prices are currently around 1,825,000 Yen/sqm. The average sale price in 2017 was 1,545,000 Yen/sqm, down 2.2% from 2016 (1,580,000 Yen/sqm), but up 5.8% from 2015 (1,460,000 Yen/sqm). This apartment sold for 10% more than an identical apartment on a higher floor sold for in mid-2017, and 52% more than an identical apartment on a lower floor sold for in 2010. This has been the most expensive reported resale in the Center Hill on a price-per-square-meter basis since 1994. |
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| Park Court Sanbancho Hilltop Residence (2017) 1-Bedroom |
¥1,910,000 /sqm |
$1,610 /sq ft |
28 | 1.9% |
| An 18-storey apartment building located in the high-end residential neighborhood of Bancho, located on the western side of the Imperial Palace. The building was completed in October 2017.
This was a compact 1-Bedroom apartment on a mid-floor. It sold for approximately 13% more than its off-the-plan sale price. |
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| The Jingumae Residence (2013) 1-Bedroom |
¥1,713,000 /sqm |
$1,445 /sq ft |
35 | 4.0% |
| A high-rise located a 9 minute walk from Omotesando Station and 650 meters from the Olympic Stadium site. There were just 4 sale listings in the 220-unit building as at the end of January 2018, with an average asking price of 1,740,000 Yen/sqm.
The average sale price in 2017 was 1,650,000 Yen/sqm. When new, apartments had an average price of 1,327,000 Yen/sqm. This was a spaciously-sized 1-Bedroom apartment on a high floor. It has been the second most expensive reported resale in this building on a price-per-square-meter basis to date. |
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| The Parkhouse Akasaka Residence (2014) 2-Bedrooms |
¥1,524,000 /sqm |
$1,285 /sq ft |
41 | 0.4% |
| When sales began in 2013, apartments had an average price of 1,200,000 Yen/sqm. The average resale price in 2017 was 1,400,000 Yen/sqm, down 2.1% from 2016 and down 12.2% from 2015.
This apartment sold for approximately 4% more than a similar apartment a few floors up sold for in 2016. |
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| Domus Tokiwamatsu (1982) 5-Bedrooms |
¥986,000 /sqm |
$830 /sq ft |
203 | 4.9% |
| A vintage apartment building located a 15 minute walk to Omotesando Station. When new back in 1982, apartments were priced from 83 ~ 700 million Yen.
This was a very large apartment on the ground floor. It sold for approximatley 30% more than it previously traded for in 2003 and has been the most expensive reported resale in this building on a price-per-square-meter basis since 2006. |
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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: 110.11 Yen).
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