Tokyo Apartment Sales in August 2020

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

Building Sold Price
(Yen/sqm)
(USD/sq.ft) Days Listed Discount
 
Park Court Akasaka Hinokicho The Tower (2018)
1-Bedroom
¥3,211,000
/sqm
$2,810
/sq ft
9 0%

Park Court Akasaka Hinokicho The Tower is a luxury high-rise apartment building adjoining Tokyo Midtown. When off-the-plan apartment sales began in late 2015, there was an average of 1.9 buyers per apartment. The building was designed by Kengo Kuma and features a concierge, gym, roof deck, and various resident lounges and function rooms. There are currently 4 sale listings in the 322-unit building, with an average asking price of 3,500,000 Yen/sqm. Resale prices to date in 2020 have ranged from 2,175,000 ~ 3,210,000 Yen/sqm. This was a compact apartment on a low floor. It sold for approximately 20% more than its price when brand new.

 
Azabu Kasumicho Park Mansion (2000)
3-Bedroom
¥2,675,000
/sqm
$2,340
/sq ft
12 1.4%

Azabu Kasumicho Park Mansion is a 92-unit, 8-story apartment building located near Hiroo Station. When sales began in 1999, apartments were priced from 95 ~ 520 million Yen. This apartment was on a mid-floor. It sold for 10% more than it was previously listed for in 2018 and has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

 
The Parkhouse Gran Minamiaoyama (2016)
2-Bedroom
¥2,585,000
/sqm
$2,260
/sq ft
155 8.8%

A luxury low-rise apartment building in the heart of Omotesando. Off-the-plan sales began in June 2015 and all apartments sold out on the first day of sales with an average of 9.6 buyers per apartment. The average price when new was around 2,300,000 Yen/sqm. There are currently just 4 sale listings in the 101-unit building, with three of them rented to tenants. The average asking price is 3,835,000 Yen/sqm. This apartment was on a low floor. It may have sold for 45% more than it’s off-the-plan price.

 
Proud Motoazabu (2010)
3-Bedroom
¥2,575,000
/sqm
$2,250
/sq ft
304 2.7%

Proud Motoazabu is a 32-unit, 6-story luxury condo located atop the Motoazabu district in central Tokyo. When new, apartments ranged in price from 195 ~ 700 million Yen, with an average price of around 1,825,000 Yen/sqm. This was a spacious 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 almost 17% more than it was previously listed for in 2018.

 
Park Mansion Akasaka Hikawazaka (2014)
2-Bedroom
¥2,467,000
/sqm
$2,160
/sq ft
68 5.7%

Park Mansion Akasaka Hikawazaka is a luxury 13-story apartment building overlooking the greenery of the US Embassy housing compound. When new, apartments had an average price of around 2,190,000 Yen/sqm. All new apartments had sold out off-the-plan by February 2014 – 7 months before construction was completed. Current asking prices range from 2,535,000 ~ 4,040,000 Yen/sqm. This was a corner apartment on a high floor. It sold for 15% more than an identical apartment a few floors up sold for in 2017 and has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

 
The Court Jingu-Gaien (2020)
3-Bedroom
¥2,346,000
/sqm
$2,055
/sq ft
8 3.0%

The Court Jingu-Gaien is a recently completed condominium located just south of the Olympic Stadium. It contains a mixture of 409 condo-style and landholder apartments over 23 floors. When new, apartments were priced from 2,200,000 ~ 4,300,000 Yen/sqm. There are currently 17 apartments listed for resale as of August, with an average asking price of around 2,700,000 Yen/sqm. The average resale price to date in 2020 is around 2,260,000 Yen/sqm.

 
Park Court Chiyoda Fujimi The Tower (2014)
1-Bedroom
¥2,319,000
/sqm
$2,030
/sq ft
13 0.06%

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 2,650,000 Yen/sqm. The average sale price to date in 2020 is around 2,200,000 Yen/sqm, up 1.85% from 2019 (2,160,000 Yen/sqm). This was a compact apartment on a low floor. It has been the second most expensive reported resale in this building on a  price-per-square-meter basis to date, selling for 15% more than an identical apartment a few floors down sold for in June.

 
Park Court Azabujuban The Tower (2010)
1-Bedroom
¥2,204,000
/sqm
$1,930
/sq ft
76 1.7%

Park Court Azabujuban The Tower is a 36-story high rise in the Azabu Juban area with concierge, gym, guest suite and resident lounge. Current asking prices in this building are around 2,120,000 Yen/sqm, with 8 apartments listed for sale. The average sale price to date in 2020 is around 1,975,000 Yen/sqm, up 1.8% from 2019 (1,940,000 Yen/sqm) and up 4.5% from 2018 (1,890,000 Yen/sqm). This unit was on a high floor with Tokyo Tower views. It sold for 7% more than a similarly-sized apartment one floor up sold for in 2015.

 
The Parkhouse Nishiazabu Residence (2014)
3-Bedroom
¥1,856,000
/sqm
$1,625
/sq ft
76 3.4%

The Parkhouse Nishiazabu Residence is a 24-story high-rise located a 6-min walk from Hiroo Station and a 12-min walk from Roppongi Station. When new, apartments had an average price of around 1,300,000 Yen/sqm. There are currently 15 sale listings with an average asking price of around 1,755,000 Yen/sqm. The average sale price to date in 2020 is around 1,645,000 Yen/sqm, down 9.9% from 2019 (1,825,000 Yen/sqm) and down 4.9% from 2017 (1,730,000 Yen/sqm). This was a family-sized apartment on a low floor.

 
Branz Shibuya Tokiwamatsu (2017)
2-Bedroom
¥1,420,000
/sqm
$1,240
/sq ft
214 3.4%

Branz Shizuya Tokiwamatsu is a 13-story apartment building located a 13-minute walk from Omotesando Station. When new, apartments were priced between 1,325,000 ~ 2,050,000 Yen/sqm. The current average asking price in this building is around 1,740,000 Yen/sqm. This apartment sold for 0.7% more than it was previously listed for in 2018 and has been the lowest reported resale price in this building on a price-per-square-meter basis to date.

 
Kachidoki The Tower (2016)
3-Bedroom
¥1,016,000
/sqm
$890
/sq ft
62 0.9%

Kachidoki The Tower is a 53-story, 1,420-unit apartment building located on a man-made island in Tokyo bay. Construction was completed in December 2016. As of August 2020 there were 40 apartments listed for sale with an average asking price of 1,220,000 Yen/sqm. When new, the average off-the-plan price was around 920,000 Yen/sqm. The average sale price to date in 2020 is around 1,090,000 Yen/sqm, up 0.5% from 2019 (1,085,000 Yen/sqm) but down 1.5% from 2018 (1,107,000 Yen/sqm). This was a corner apartment on a mid-floor. It sold for 7% less than an identical apartment a few floors up sold for in early 2017.

 

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 the 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: 106.24 Yen).

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