The following is a selection of apartments that were reported to have sold in central Tokyo during the month of July 2021:
| Building | Sold Price (Yen/sqm) |
(USD/sq.ft) | Days Listed | Discount |
|---|---|---|---|---|
| The Sanmaison Omotesando (2018) 2-Bedroom |
¥2,821,000 /sqm |
$2,400 /sq ft |
534 | 4.5% |
|
The Sanmaison Omotesando is a 6-story apartment building located a few blocks behind Omotesando Hills. When new, apartments had an average price of around 2,500,000 Yen/sqm. Sales began in 2017 and all apartments had sold out by 2018, just as the building was completed. This was a comparatively large apartment. It sold for 2.6% less than its price when brand new. |
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| City Tower Azabujuban (2009) 1-Bedroom |
¥2,730,000 /sqm |
$2,325 /sq ft |
63 | 0% |
|
City Tower Azabujuban is located next-door to Park Court Azabu Juban The Tower. Current asking prices in this building range from 1,995,000 ~ 3,260,000 Yen/sqm, with an average of around 2,370,000 Yen/sqm. There are 11 sale listings in the 501-unit building as of July 2021. The average sale price to date in 2021 is 2,195,000 Yen/sqm, up 6.5% from 2020 (2,060,000 Yen/sqm). This was a compact unit on a low floor with views towards Tokyo Tower. It has been the most expensive publicly reported resale in this building on a price-per-square-meter basis to date. It sold for 3.8% more on a per-sqm basis than a large penthouse sold for in mid-2020 and 126% more than an identical apartment one floor down sold for in early 2013. |
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| The Court Jingu-Gaien (2020) 2-Bedroom |
¥2,719,000 /sqm |
$2,315 /sq ft |
119 | 1.6% |
|
The Court Jingu-Gaien is a 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 7 apartments listed for resale as of July 2021 with an average asking price of 3,315,000 Yen/sqm. Apartments over 100 sqm in size had an average asking price of 3,615,000 Yen/sqm. The average resale price to date in 2021 is around 2,315,000 Yen/sqm, up 6.7% from 2020 (2,170,000 Yen/sqm). This was a compact apartment on a mid floor without stadium views. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date. |
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| The Roppongi Tokyo (2011) 1-Bedroom |
¥2,466,000 /sqm |
$2,100 /sq ft |
1 | 4.0% |
|
A 39-story, 611-unit high rise in the Roppongi neighbourhood with concierge, gym, guest suite and resident lounge. Current asking prices in this building range from 2,210,000 ~ 2,720,000 Yen/sqm, with an average price of around 2,445,000 Yen/sqm. There are currently 8 sale listings as of July 2021. The average sale price to date in 2021 is around 2,285,000 Yen/sqm, up 9.6% from 2020 (2,085,000 Yen/sqm) and up 8.6% from 2019 (2,105,000 Yen/sqm). This was a compact apartment on a low floor. It sold for 33% more than an identical apartment one floor down sold for in early 2019 and has been the third most expensive reported resale in this building on a price-per-square-meter basis to date. |
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| Park Court Hamarikyu The Tower (2019) 2-Bedroom |
¥2,402,000 /sqm |
$2,045 /sq ft |
55 | 2.3% |
|
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 10 sale listings as of July 2021 with an average asking price of around 2,675,000 Yen/sqm. The average sale price to date in 2021 is around 2,120,000 Yen/sqm, up 7.6% from 2020 (1,970,000 Yen/sqm), and up 14.6% from 2019 (1,850,000 Yen/sqm). This was a compact apartment on a high floor. It sold tenanted with a gross yield of 3.5%. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date. |
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| Akasaka Tower Residence Top of the Hill (2008) 2-Bedroom |
¥2,318,000 /sqm |
$1,970 /sq ft |
99 | 0% |
|
Akasaka Tower Residence Top of the Hill is a 45-story luxury apartment building with concierge, rooftop deck and cafe, library, lounges and guest suites. Despite having 521 apartments in the building, only 6 were available for sale as of July 2021. The current asking price in this building is around 2,660,000 Yen/sqm. The average resale price to date in 2021 is around 2,195,000 Yen/sqm, down 2.4% from 2020 (2,250,000 Yen/sqm) but up 1.2% from 2019 (2,168,000 Yen/sqm). This apartment was on a mid floor and leased to a tenant, providing a gross yield of 3%. It sold for 12.5% more than it previously traded for in late 2019 and 78% more than an identical apartment a few floors up sold for in 2010. |
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| The Westminster Roppongi (2003) 1-Bedroom |
¥2,119,000 /sqm |
$1,805 /sq ft |
56 | 7.9% |
|
The Westminster Roppongi is a 99-unit building located adjacent to the Roppongi Hills complex. The former rental building was renovated and apartments were sold off individually several years ago. The current average asking price in this building is around 2,355,000 Yen/sqm, with 3 listings. The average resale price to date in 2021 is around 2,180,000 Yen/sqm. This was a 1-Bedroom apartment on a mid floor. It sold for 7.1% less than it was previously listed for in 2017, but 9.4% more than an identical, but renovated apartment one floor down sold for in mid-2017. |
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| Park Court Ebisu Hilltop Residence (2000) 2-Bedroom |
¥1,993,000 /sqm |
$1,695 /sq ft |
37 | 3.6% |
|
Park Court Ebisu Hilltop Residence is a 14-story apartment building located a 6-minute walk from Ebisu Station. There is currently just 1 sale listing in the 157-unit building with an asking price of 1,921,000 Yen/sqm. The average resale price to date in 2021 is around 1,825,000 Yen/sqm, up 5.5% from 2019 (1,730,000 Yen/sqm). This was a compact apartment on a low floor. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date. It sold for 95% more than an identical apartment one floor down sold for in 2009. |
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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: 109.21 Yen).
