Tokyo Apartment Sales in April 2021

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of April 2021:

Building Sold Price
(Yen/sqm)
(USD/sq.ft) Days Listed Discount
 
Park Court Aoyama The Tower (2017)
2-Bedroom
¥3,025,000
/sqm
$2,570
/sq ft
14 7.2%

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 8 sale listings in the 163-unit building as of April 2021 with an average price of 3,215,000 Yen/sqm, while the average asking price of an apartment over 100 sqm is around 3,705,000 Yen/sqm. The average resale price to date in 2021 is around 2,926,000 Yen/sqm. This apartment was on a mid floor. It sold for 8.4% more than it was listed for in 2020 and has been the most expensive publicly reported sale in this building on a price-per-square-meter basis to date.

 
Ark Hills Sengokuyama Residence (2012)
2-Bedroom
¥2,927,000
/sqm
$2,485
/sq ft
72 15.3%

Ark Hills Sengokuyama is a 47-story mixed-use development by Mori Building. The high-end residences are located on the lower floors of the building and include concierge service and the Hills spa. Despite having 243 apartments, including Mori’s rental-only units, there is currently only 1 sale listing with an asking price of 2,969,000 Yen/sqm. This apartment had views towards Tokyo Tower. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

 
Park Court Roppongi Hilltop (2012)
2-Bedroom
¥2,844,000
/sqm
$2,415
/sq ft
54 0%

A 27-story, 270-unit high-rise located near Roppongi Itchome Station and Izumi Garden Tower. When new back in 2012, the average sale price was around 1,400,000 Yen/sqm. There are currently no sale listings this building. This was a compact apartment on a high floor. It sold for 34% more than an identical apartment a few floors down sold for in 2015 and has been the most expensive reported sale in this building on a price-per-square-meter basis to date.

 
Park Mansion Akasaka Hikawazaka (2014)
2-Bedroom
¥2,412,000
/sqm
$2,050
/sq ft
46 4.1%

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. There are currently no sale listings in the building. The average sale price to date in 2021 is around 2,180,000 Yen/sqm, up 19.1% from 2020 (1,830,000 Yen/sqm) and up 16.9% from 2019 (1,865,000 Yen/sqm). This apartment sold for 39% more than an identical apartment one floor down sold for in late 2019 and has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

 
The Parkhouse Shirokane 2-Chome Tower (2018)
1-Bedroom
¥2,236,000
/sqm
$1,900
/sq ft
16 0%

The Parkhouse Shirokane 2-Chome Tower is a 27-story high-rise located near Shirokanedai Station. When new, apartments were priced around 2,000,000 Yen. There are currently 4 sale listings in the 172-unit building with an average asking price of 2,675,000 Yen/sqm. This was a compact apartment on a low floor. It sold for 25% more than a similar apartment a few floors up sold for in mid-2020.

 
The Roppongi Tokyo Club Residence (2011)
2-Bedroom
¥2,207,000
/sqm
$1,875
/sq ft
16 3.2%

A 39-story high rise in the Roppongi neighbourhood with concierge, gym, guest suite and resident lounge. Current asking prices in this building range from 2,050,000 ~ 2,900,000 Yen/sqm, with an average price of around 2,390,000 Yen/sqm. There are currently 11 sale listings as of April 2021. The average sale price to date in 2021 is around 2,125,000 Yen/sqm, up 1.9% from 2020 (2,085,000 Yen/sqm) and up 0.1% from 2019 (2,105,000 Yen/sqm). This apartment sold for approximately 55%+ more than it was when brand-new and 8.5% more than an identical apartment a few floors down sold for in late 2018.

 
Daikanyama Address The Tower (2000)
2-Bedroom
¥2,201,000
/sqm
$1,870
/sq ft
1

A 36-story high-rise development with 501 apartments above Daikanyama Station in Shibuya-ku. The average asking price in this building is currently around 2,120,000 Yen/sqm. The average sale price to date in 2021 is around 1,990,000 Yen/sqm, up 13.7% from 2020. This apartment was on a high floor. It has been the most expensive reported resale in this building on a price-per-square-meter basis since 2007.

 
Homat Camellia (1978)
2-Bedroom
¥1,404,000
/sqm
$1,190
/sq ft
51 5.4%

Homat Camellia is a vintage 33-unit, 7-story apartment building located west of the Imperial Palace moat. It sold for 9% more than it was previously listed for in 2018 and has been the most expensive publicly reported resale in this building on a price-per-square-meter basis to date.

 
Minamiaoyama Apartments (1972)
4-Bedroom
¥1,337,000
/sqm
$1,135
/sq ft
224 7.7%

Minamiaoyama Apartments is a vintage apartment building located just behind Omotesando Station. This was a spacious apartment on the top two floors of the building. It has been the most expensive publicly reported sale 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: 109.43 Yen).

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