Tokyo Apartment Sales in June 2020

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

Building Sold Price
(Yen/sqm)
(USD/sq.ft) Days Listed Discount
 
Park Court Aoyama The Tower (2017)
2-Bedroom
¥2,563,000
/sqm
$2,215
/sq ft
102 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 were 11 sale listings in the 163-unit building as of June 2020 with an average price of 3,277,000 Yen/sqm. The average asking price of an apartment over 100 sqm is around 4,125,000 Yen/sqm, and 2,793,000 Yen/sqm for apartments under 100 sqm. This has been the only publicly reported resale in this building to date in 2020. The average resale price in 2019 was 2,660,000 Yen/sqm.

 
Brillia Towers Meguro (2017)
2-Bedroom
¥2,308,000
/sqm
$1,995
/sq ft
107 1.7%

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. The building was completed in December 2017. As of June 2020 there were 6 apartments listed for sale in the 940-unit building. The average asking price is currently 2,268,000 Yen/sqm, while the average apartment size is 66.71 sqm. The average sale price to date in 2020 is around 2,123,000 Yen/sqm, up 3.1% from 2019 (2,060,000 Yen/sqm) and up 10.6% from 2018 (1,920,000 Yen/sqm). This was a corner apartment on a high floor.

 
Ebisu Garden Terrace (1994)
2-Bedroom
¥2,114,000
/sqm
$1,830
/sq ft
1 5.3%

Ebisu Garden Terrace Ichibankan is a 32-story apartment building that forms part of the Ebisu Garden Place complex (a large mixed-use development including office, restaurants and the Westin Hotel). Despite the age of the buildings, apartments in Ebisu Garden Terrace have been trading at high prices. There are currently just 4 sale listings in the 290-unit building, with an average asking price of 2,050,000 Yen/sqm. The average resale price to date in 2020 is around 2,130,000 Yen/sqm, up 13.3% from 2019 (1,880,000 Yen/sqm) and up 38.3% from 2018 (1,540,000 Yen/sqm). This was a renovated apartment on a low floor. It sold for about 34% more than it previously traded for in 2017 and has been the third most expensive reported resale in this building on a price-per-square-meter basis to date.

 
Aoyama Park Tower (2003)
3-Bedroom
¥2,038,000
/sqm
$1,760
/sq ft
165 3.5%

Aoyama Park Tower is a 34-story 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. There are currently just 5 sale listings in the 314 unit building with an average asking price of 2,475,000 Yen/sqm. The average sale price to date in 2020 is around 2,200,000 Yen/sqm, down 0.9% from 2019 (2,220,000 Yen/sqm). This was a corner apartment on a mid-floor. It sold for 30% more than it previously traded for in 2014.

 
Park Court Akasaka The Tower (2009)
2-Bedroom
¥1,847,000
/sqm
$1,595
/sq ft
61 4.4%

Park Court Akasaka The Tower is a 43-story, 518-unit luxury high-rise in Akasaka. The current average asking price in this building is around 2,160,000 Yen/sqm, with 15 listings as of June 2020. The average resale price to date in 2020 is 1,855,000 Yen/sqm, up 6.9% from 2019 (1,735,000 Yen/sqm) and up 8.2% from 2018 (1,715,000 Yen/sqm). This was a corner unit on a high floor. It sold for 0.8% less than an identical apartment several floors down sold for in February but 15% higher than a similar apartment sold for in 2017.

 
Wellith Tower Atago Toranomon (2014)
3-Bedroom
¥1,769,000
/sqm
$1,530
/sq ft
420 1.5%

Wellith Tower Atago Toranomon is a 22-story apartment building located 300 meters from Tokyo Tower. When new, apartments were priced at around 1,170,000 Yen/sqm. There were 4 sale listings in the 110-unit as of June 2020, with an average asking price of around 2,000,000 Yen/sqm. The average resale price to date in 2020 is around 1,835,000 Yen/sqm, down 0.3% from 2019 (1,840,000 Yen/sqm). This apartment sold for 7% less than an identical apartment a few floors up sold for in March.

 
Grand Suite Azabudai Hilltop Tower (2014)
2-Bedroom
¥1,751,000
/sqm
$1,515
/sq ft
1 2.4%

Grand Suite Azabudai Hilltop Tower is a 166-unit, 29-story high-rise located near the Russian Embassy and across the street from the 580 billion Yen Toranomon-Azabudai Project. When pre-sales began in 2013, apartments had an average price of around 1,360,000 Yen/sqm. The current average asking price is around 2,000,000 Yen/sqm. The average resale price to date in 2020 is around 1,720,000 Yen/sqm, down 7.8% from 2019 (1,865,000 Yen/sqm) but up 4.6% from 2018 (1,645,000 Yen/sqm). This apartment sold for approximately 14% more than its price when brand new.

 
Sunwood Mita Parkside Tower (2005)
2-Bedroom
¥1,660,000
/sqm
$1,435
/sq ft
6 0%

Sunwood Mita Parkside Tower is a 25-story, 105-unit apartment building located near Tokyo Tower. The average asking price is currently 1,630,000 Yen/sqm. This was a renovated apartment on a high floor with Tokyo Tower views. It sold for 18% more than a similarly-sized apartment on the same floor sold for in 2018 and has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

 

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: 107.52 Yen).

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