Tokyo Apartment Sales in January 2020

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2020:

Building Sold Price
(Yen/sqm)
(USD/sq.ft) Days Listed Discount
 
City Tower Ebisu (2019)
3-Bedroom
¥2,639,000
/sqm
$2,260
/sq ft
34 2.4%

City Tower Ebisu is a recently-built, 23-story apartment building located a 7-minute walk from Ebisu Station. The current average asking price in this building is around 2,345,000 Yen/sqm. This was a corner apartment on a high floor. It has been the only publicly reported resale in this building to date.

 
Aoyama Park Tower (2003)
1-Bedroom
¥2,563,000
/sqm
$2,195
/sq ft
17 5.6%

Aoyama Park Tower is a 34-storey high-end apartment building located a few hundred meters from Shibuya Station. The station area is undergoing a massive redevelopment and transformation over the next several years. The average asking price in this building is currently around 2,235,000 Yen/sqm. There are currently just 6 sale listings in the 314 unit building. The average sale price in 2019 was 2,220,000 Yen/sqm. This apartment was on a high floor. It sold for 80% more than it previously traded for in 2009.

 
Park Court Hamarikyu The Tower (2019)
2-Bedroom
¥2,345,000
/sqm
$2,010
/sq ft
75 2.7%

Park Court Hamarikyu The Tower is a 37-story, 565-unit high-rise located near Hamamatsucho Station. The building was completed in January 2019. When new, apartments were priced from 1,500,000 ~ 3,000,000 Yen/sqm. There are currently 11 resale listings with an average asking price of around 2,200,000 Yen/sqm. The average resale price in 2019 was 1,850,000 Yen/sqm. This apartment was on a high floor. It sold for approximately 20% more than its price when brand-new.

 
Park Court Fujimi The Tower (2013)
1-Bedroom
¥2,335,000
/sqm
$2,000
/sq ft
6 1.5%

Park Court Chiyoda Fujimi The Tower is a 40-story apartment building located close to Iidabashi Station in Chiyoda-ku. When sales began in late 2012 the average price of a new unit was around 1,435,000 Yen/sqm. The entire building had sold out by early 2013, 12 months prior to completion. Despite having 505 units, there are currently just 3 sale listings with an average list price of 2,155,000 Yen/sqm. This was a south-east-facing apartment on a mid floor.  It has been the most expensive reported resale in this building on a price-per-square-meter basis to date. It sold for 5.4% more than an identical apartment a few floors up sold for in late 2019.

 
The Parkhouse Gran Minami Aoyama 4-Chome (2018)
2-Bedroom
¥2,100,000
/sqm
$1,800
/sq ft
86 3.3%

A recently-completed luxury condo located an 8-minute walk from Omotesando Station. Sales were held entirely off-market, with no public advertising. All apartments sold out prior to completion. There are currently 3 sale listings in the 36-unit building with an average asking price of 2,250,000 Yen/sqm. This has been the 4th reported resale in this building. The average resale price to date has been around 2,195,000 Yen/sqm – all for units on low floors.

 
The Parkhouse Urbance Omotesando (2019)
Studio
¥2,076,000
/sqm
$1,780
/sq ft
10 0%

The Parkhouse Urbance Omotesando is a low-rise, compact apartment building located a 9-minute walk from Omotesando Station. When new, apartments had an average price of around 1,850,000 Yen/sqm. This was a compact apartment on a low floor. It has been the only reported resale in this building so far.

 
Homat Sanbancho (2003)
2-Bedroom
¥1,781,000
/sqm
$1,525
/sq ft
111 4.1%

Homat Sanbancho is one of the few newer ‘Homat’ series of apartment buildings. They are known for quality finish, and relatively large floor plans, making them a popular choice with expats. The property is located in the wealthy Bancho neighbourhood on the western side of the Imperial Palace. When new, apartments were priced between 1,000,000 ~ 2,150,000 Yen/sqm. There have only been 3 publicly reported sales in the 68-unit building since its completion in 2003, with this apartment being the most expensive on a price-per-square-meter basis.

Crest Court Sadohara (1987)
2-Bedroom
¥1,660,000
/sqm
$1,420
/sq ft
33 0%

Crest Court Sadohara is a vintage apartment building located near the Kagurazaka district in Shinjuku. Originally built as a high-end rental, it was converted into a condominium a few years ago. This was a penthouse apartment with roof terrace. It sold for 42% more than it previously traded for just four months earlier and has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

The Conoe Daikanyama (2016)
Studio
¥1,649,000
/sqm
$1,410
/sq ft
83 9.3%

The Conoe Daikanyama is a 13-storey apartment building in front of Daikanyama Station. There are currently 4 sale listings in the building with an average asking price of 2,145,000 Yen/sqm. The average resale price in 2019 was 2,005,000 Yen/sqm, up 13.9% from 2018 (1,760,000 Yen/sqm) and up 5.5% from 2017 (1,900,000 Yen/sqm). This apartment sold for 12% less than it previously traded for in 2016.

 

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: 108.53 Yen).

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