Tokyo Apartment Sales in December 2020

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

Building Sold Price
(Yen/sqm)
(USD/sq.ft) Days Listed Discount
 
Park Court Chiyoda Fujimi The Tower (2014)
3-Bedroom
¥3,122,000
/sqm
$2,815
/sq ft
64 0%

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 zero sale listings. The average sale price 2020 was 2,390,000 Yen/sqm, up 10.6% from 2019 (2,160,000 Yen/sqm). This apartment was on a mid floor. It has been the most expensive reported sale in this building on a price-per-square-meter basis to date.

 
Park Mansion Mita Tsunamachi The Forest (2015)
1-Bedroom
¥2,900,000
/sqm
$2,615
/sq ft
41 8.0%

Park Mansion Mita Tsunamachi The Forest is a luxury condo located behind the Australian Embassy. When new, apartments had an average price of around 2,110,000 Yen/sqm, with some units priced over 4,000,000 Yen/sqm. There are currently 2 listings in the 98-unit building with an average price of 3,165,000 Yen/sqm. The average resale price in 2020 was 2,590,000 Yen/sqm. This was a spacious 1-Bedroom unit on a high floor. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

 
Roppongi Hills Residence (2003)
3-Bedroom
¥2,750,000
/sqm
$2,480
/sq ft
84 8.2%

Roppongi Hills has long been considered Japan’s premium address. There are currently 5 sale listings in the building, of which 3 are rented to tenants with an average gross yield of 2.8%. The average asking price is currently 3,095,000 Yen/sqm. The average sale price in 2020 was 2,810,000 Yen/sqm. This apartment was located in the low-rise A building.

 
Forest Terrace Toriizaka (2015)
2-Bedroom
¥2,377,000
/sqm
$2,145
/sq ft
36 3.5%

Forest Terrace Toriizaka is an 8-story, 53-unit apartment building located in the Roppongi 5 Chome address near Azabujuban Station. When new, apartments were priced from 1,920,000 ~ 3,690,000 Yen/sqm. There is currently one sale listing with an asking price of 3,127,000 Yen/sqm. This was a two-bed, two-bath unit on a low floor. It sold for 11% more than its price when brand new and has been the only reported resale in this building (other sales were not reported publicly).

 
The Parkhouse Gran Sanbancho (2014)
2-Bedroom
¥2,215,000
/sqm
$1,995
/sq ft
9 3.0%

The Parkhouse Gran Sanbancho is a luxurious 148-unit high-rise located in a prestigious location just 250 meters west of the Imperial Palace moat. When new, apartments had an average price of around 1,450,000 Yen/sqm, and all new apartments sold out five months before construction was completed. There is currently just 1 sale listing in the building with an asking price of 2,266,000 Yen/sqm. The average resale price in 2020 was 2,105,000 Yen/sqm, up 6.6% from 2019 (1,975,000 Yen/sqm). This apartment was on a mid floor. It sold for approximately 50%+ more than its price when brand new, and has been the second most expensive reported resale in this building on a price-per-square-meter basis to date.

 
The Court Jingu-Gaien (2020)
1-Bedroom
¥2,153,000
/sqm
$1,940
/sq ft
165 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 12 apartments listed for resale as of December, down from 17 listings at the end of November, with an average asking price of 2,845,000 Yen/sqm. The average resale price in 2020 was 2,170,000 Yen/sqm. This was a compact apartment on a mid floor.

 
Aoyama Park Tower (2003)
1-Bedroom
¥2,148,000
/sqm
$1,935
/sq ft
4 N/A

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 3 sale listings in the 314 unit building with an average asking price of 2,665,000 Yen/sqm. The average sale price in 2020 was 2,185,000 Yen/sqm, down 1.6% from 2019 (2,220,000 Yen/sqm). This was a compact apartment on a low floor. It sold for 51% more than an identical apartment one floor down sold for in 2013.

 
Majes Tower Roppongi (2006)
Studio
¥1,835,000
/sqm
$1,655
/sq ft
66 2.2%

Majes Tower Roppongi was originally built as a rental-only building called Pacific Tower Roppongi. It was acquired by a developer in 2014 and converted into an 83-unit condo. There is currently just 1 sale listing with an asking price of 1,995,000 Yen/sqm. The average resale price in 2020 was 1,880,000 Yen/sqm. This was a compact apartment on a mid floor.

 
Hiroo Garden Hills (1983)
2-Bedroom
¥1,808,000
/sqm
$1,630
/sq ft
10 5.8%

Hiroo Garden Hills is a large-scale vintage apartment complex with 1,181 apartments. Only 4 units were listed for sale as of December 2020, representing 0.3% of the total. The average asking price is currently around 2,060,000 Yen/sqm.  The average sale price in 2020 was 1,720,000 Yen/sqm, up 11% from 2019 (1,550,000 Yen/sqm) and up 2.4% from 2018 (1,680,000 Yen/sqm). This was a relatively spacious renovated apartment on a mid floor in East Hill. It sold for 80% more than an identical apartment on a low floor sold for in 1998.

 
Minamiaoyama Park Mansion (1981)
2-Bedroom
¥1,527,000
/sqm
$1,375
/sq ft
15 2.6%

Minamiaoyama Park Mansion is a 10-story apartment building located alongside the Roppongi-dori highway and a 12-minute walk from Omotesando Station. This was a top floor apartment. It sold for 57% more than it previously traded for in 2011 and has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

 
Nogizaka Park Mansion (1977)
3-Bedroom
¥1,517,000
/sqm
$1,370
/sq ft
59 0%

Nogizaka Park Mansion is a 4-story, 12-unit apartment building near Tokyo Midtown. Between 2016 ~ 2017, the average price in this building was around 1,000,000 Yen/sqm. This was a renovated apartment on the top floor. It 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 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: 103.12 Yen).

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