Tokyo Apartment Sales in August 2021

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

Building Sold Price
(Yen/sqm)
(USD/sq.ft) Days Listed Discount
 
The Court Jingu-Gaien (2020)
3-Bedroom
¥3,489,000
/sqm
$2,955
/sq ft
162 6.3%

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 August 2021 with an average asking price of 3,240,000 Yen/sqm. The average resale price to date in 2021 is around 2,550,000 Yen/sqm, up 17.5% from 2020 (2,170,000 Yen/sqm). This was a relatively large apartment on a high floor with stadium views. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date. 

 
Roppongi Hills Residence (2003)
2-Bedroom
¥3,202,000
/sqm
$2,710
/sq ft
11 3.6%

Roppongi Hills has long been considered Japan’s premium address. There are currently just 2 sale listings in the building with asking prices ranging from 2,900,000 ~ 4,200,000 Yen/sqm. The average sale price to date in 2021 is around 3,055,000 Yen/sqm, up 8.7% from 2020 and up 27.3% from 2019. This apartment was located in the high-rise B building. It has been the most expensive publicly reported resale in this building on a price-per-square-meter basis to date. It sold for 35% more than an identical apartment a few floors up sold for in 2010.

 
City Tower Azabu Juban (2009)
2-Bedroom
¥3,158,000
/sqm
$2,675
/sq ft
38 3.2%

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 8 sale listings in the 501-unit building as of August 2021. The average sale price to date in 2021 is 2,300,000 Yen/sqm, up 11.7% from 2020 (2,060,000 Yen/sqm). This apartment was on a mid 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 80% more than an identical apartment one floor up sold for in 2016.

 
Park Court Aoyama The Tower (2017)
2-Bedroom
¥2,855,000
/sqm
$2,420
/sq ft
85 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 just 4 sale listings in the 163-unit building as of August 2021 with an average price of 3,980,000 Yen/sqm. The average resale price to date in 2021 is around 2,900,000 Yen/sqm. This apartment was leased to a tenant. It sold for approximately 15% more than its price when brand new.

 
Waterras Tower Residence (2013)
2-Bedroom
¥2,766,000
/sqm
$2,345
/sq ft
7 1.2%

Waterras Tower is a large-scale, mixed-use development with office, retail and luxury residences near Shin-Ochanomizu and Akihabara Stations. There is currently just 1 sale listing in the 333-unit building with a list price of 2,572,000 Yen/sqm. The average resale price to date in 2021 is around 2,500,000 Yen/sqm, up 17.1% from 2020 (2,135,000 Yen/sqm) and up 24.7% from 2019 (2,005,000 Yen/sqm). This was a compact apartment. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date. 

 
The Roppongi Tokyo (2011)
2-Bedroom
¥2,534,000
/sqm
$2,145
/sq ft
7 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 2,460,000 Yen/sqm. There are currently 9 sale listings as of August 2021. The average sale price to date in 2021 is around 2,310,000 Yen/sqm, up 10.8% from 2020 (2,085,000 Yen/sqm) and up 9.7% from 2019 (2,105,000 Yen/sqm). This apartment was on a high floor. It sold for 13% more than an identical apartment one floor down sold for this March, and has been the second most expensive reported resale in this building on a price-per-square-meter basis to date.

 
The Residence Mita (2014)
1-Bedroom
¥2,250,000
/sqm
$1,905
/sq ft
31 0%

The Residence Mita is a 24-storey high-rise located near Akabanebashi and Mita Stations in downtown Tokyo. The building was completed in November 2014, and all new apartments had sold out by March 2014 – 8 months prior to completion. There are currently just 2 sale listings in the 252-unit building, with an average asking price of 2,235,000 Yen/sqm. The average resale price to date in 2021 is around 2,045,000 Yen/sqm, up 13.6% from 2020 (1,800,000 Yen/sqm) and up 18.9% from 2019 (1,720,000 Yen/sqm). This apartment was on a high floor. It has been the most expensive publicly reported resale in this building on a price-per-square-meter basis to date.

 
Wellith Tower Atago Toranomon (2014)
2-Bedroom
¥2,139,000
/sqm
$1,810
/sq ft
5 0%

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 no sale listings in the 110-unit as of August 2021. The average resale price to date in 2021 is around 2,140,000 Yen/sqm, up 13.2% from 2020 (1,890,000 Yen/sqm) and up 16.3% from 2019 (1,840,000 Yen/sqm). This was a compact apartment on a mid floor. It has been the second most expensive reported resale in this building on a price-per-square-meter basis to date. It sold for 24% more than an identical apartment one floor down sold for in 2017.

 
Park Court Toranomon Atago Tower (2008)
3-Bedroom
¥2,126,000
/sqm
$1,800
/sq ft
44 1.1%

A 30-story luxury high-rise located between Toranomon Hills and Tokyo Tower. There are currently 4 sale listings in the 231-unit building, with an average asking price of 2,250,000 Yen/sqm. The average sale price to date in 2021 is around 1,990,000 Yen/sqm, up 26.4% from 2020 (1,575,000 Yen/sqm) and up 27.2% from 2019 (1,565,000 Yen/sqm). This was a relatively large apartment on a high floor. It has been the second most expensive 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: 109.71 Yen).

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