Tokyo Apartment Sales in November 2019

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of November 2019:

Building Sold Price
(Yen/sqm)
(USD/sq.ft) Days Listed Discount
 
Toranomon Hills Residence (2014)
3-Bedroom
¥4,229,000
/sqm
$3,620
/sq ft
72 5.8%

Toranomon Hills is the current crown jewel for Mori Building’s mixed-use office/hotel/residential projects. The residences on floors 36~46 are without a doubt the some of the most luxurious apartments currently available in Japan. This has been the most expensive reported resale in this building on a price-per-square-meter basis to date, selling for about 8.5% more than the last publicly reported sale in 2018. There are currently just 2 sale listings in this building with an average asking price of 4,720,000 Yen/sqm.

 
Park Court Aoyama The Tower (2017)
3-Bedroom
¥3,059,000
/sqm
$2,620
/sq ft
39 2.0%

Park Court Aoyama The Tower is a luxury condo with an iconic curved exterior. Off-the-plan sales began in late 2016, with the building selling out just upon completion in December 2017. The average price when brand new was around 2,800,000 Yen/sqm. There are currently 21 sale listings in the 163-unit building with an average price of 3,100,000 Yen/sqm. The average asking price of an apartment over 100 sqm is around 4,000,000 Yen/sqm, and 2,750,000 Yen/sqm for apartments under 100 sqm. There have only been four publicly reported resales in this building to date, with an average resale price of 2,660,000 Yen/sqm. This has been the most expensive reported resale in this building on a price-per-square-meter basis to date. The apartment may have sold for approximately 15 ~ 20% more than its price when brand new.

 
Premist Yoyogi-Koen Park Front (2019)
2-Bedroom
¥2,218,000
/sqm
$1,900
/sq ft
185 5.6%

Premist Yoyogi-koen Park Front is a 12-story apartment building located on the western side of Yoyogi Park. When new, apartments had an average price of around 1,900,000 Yen/sqm. There are currently no sale listings in the 35-unit building. This was a compact apartment with park views. It sold for approximately 40% more than an identical apartment a few floors down was listed for earlier in the year.

 
City Tower Azabujuban (2009)
3-Bedroom
¥2,139,000
/sqm
$1,830
/sq ft
1 0.9%

City Tower Azabujuban is located next-door to Park Court Azabu Juban The Tower. Current asking prices in this building range from 1,860,000 ~ 2,840,000 Yen/sqm, with an average of 2,150,000 Yen/sqm. There are 14 sale listings in the 501-unit building. Sales have been brisk this year with 17 reported sales to date in 2019, up from 7 sales for all of 2018. The average sale price to date in 2019 is around 1,950,000 Yen/sqm, down 1.3% from 2018 (1,975,000 Yen/sqm) but up 2.4% from 2017 (1,905,000 Yen/sqm). This apartment sold for approximately 60% more than a similarly-sized apartment a couple of floors down sold for in 2013.

 
The Conoe Daikanyama (2016)
2-Bedroom
¥1,860,000
/sqm
$1,590
/sq ft
92 0%

The Conoe Daikanyama is a 13-storey apartment building in front of Daikanyama Station. There are currently 6 sale listings in the building with an average asking price of 1,950,000 Yen/sqm. The average resale price to date in 2019 is 2,030,000 Yen/sqm, up 15.3% from 2018 (1,760,000 Yen/sqm) and up 6.8% from 2017 (1,900,000 Yen/sqm). This apartment sold for approximately 10% less than an identical apartment upstairs sold for in 2017, and may have sold for less than its price when brand new.

 
Central Park Tower La Tour Shinjuku (2010)
2-Bedroom
¥1,792,000
/sqm
$1,535
/sq ft
143 8.3%

Central Park Tower La Tour Shinjuku is primarily a rental-only residence, with a small number of apartments that are owned individually. This has been the highest reported resale in this building on a price-per-square-meter basis to date. It sold for approximatley 64% more than a similarly sized apartment on a higher floor sold for in 2011.

 
Mid Garden Akasaka Hikawa (2013)
1-Bedroom
¥1,782,000
/sqm
$1,525
/sq ft
144 0%

Mid Garden Akasaka Hikawa is located just 450 meters from Tokyo Midtown and a 2 minute walk from Hinokicho Park. When new, the average apartment price was around 1,170,000 Yen/sqm. The current average asking price is 1,730,000 Yen/sqm. This apartment was on the ground floor. It sold for 16% more than an identical apartment upstairs sold for several months ago.

 
The Parkhouse Harumi Towers Krono Residence (2013)
3-Bedroom
¥903,000
/sqm
$770
/sq ft
1 1.3%

Part of a two-tower complex including the neighboring Tiaro Residence (2016). Together, the two towers contain 1,744 apartments. When new, apartments in Krono Residence were priced at around 770,000 Yen/sqm by the developer. There were 30 apartments listed for sale in this building as of November 2019, with an average asking price of 1,080,000 Yen/sqm. The average resale price to date in 2019 is 1,000,000 Yen/sqm, down 2.4% from 2018 (1,025,000 Yen/sqm) but up 0.8% from 2017 (992,000 Yen/sqm). This has been the lowest reported resale in this building on a price-per-square-meter basis for the year.

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: 108.58 Yen).

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