The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2022:
| Building | Sold Price (Yen/sqm) |
(USD/sq.ft) | Days Listed | Discount |
|---|---|---|---|---|
| Park Court Aoyama The Tower (2017) 2-Bedroom |
¥3,340,000 /sqm |
$2,695 /sq ft |
33 | 1.0% |
|
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 5 sale listings in the 163-unit building as of January 2022 with an average price of 3,810,000 Yen/sqm. This apartment was on a high floor and leased to a tenant. It sold with a gross yield of around 3.07%, and ended up selling for 14% more than it was previously listed for in 2018. This has been the most expensive reported resale in this building on a price-per-square-meter basis to date. |
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| Miyamasuzaka Building The Shibuya Residence (2020) 1-Bedroom |
¥3,314,000 /sqm |
$2,670 /sq ft |
255 | 4.8% |
|
Miyamasuzaka Building The Shibuya Residence is a 15-story apartment building located a 1-minute walk from Shibuya Station. There are currently no re-sale listings in the 152-unit building. This apartment was on a high floor and has been the most expensive reported resale in this building on a price-per-square-meter basis to date. |
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| Roppongi Hills Residence (2003) 2-Bedroom |
¥2,901,000 /sqm |
$2,340 /sq ft |
1 | 0% |
|
Roppongi Hills has long been considered Japan’s premium address. There are currently just 2 sale listings in the entire complex with asking prices ranging from 3,230,000 ~ 3,920,000 Yen/sqm. The average sale price in 2021 was 3,055,000 Yen/sqm, up 8.7% from 2020 and up 27.3% from 2019. This apartment was located in the serviced apartment building D. It sold for approximately 12% more than it was previously listed for in 2020. |
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| Akasaka Tower Residence Top of the Hill (2008) 2-Bedroom |
¥2,745,000 /sqm |
$2,215 /sq ft |
25 | 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 the end of January 2022. The current asking price in this building is around 2,990,000 Yen/sqm. The average resale price in 2021 was 2,250,000 Yen/sqm, showing no change from 2020 (2,250,000 Yen/sqm) but up 3.8% from 2019 (2,168,000 Yen/sqm). This apartment was 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 a few floors down sold for last year. |
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| Park Court Shibuya The Tower (2020) 2-Bedroom |
¥2,742,000 /sqm |
$2,210 /sq ft |
37 | 1.2% |
|
Park Court Shibuya The Tower is a 39-story, 503-unit leasehold apartment building located 600 meters from the Shibuya Crossing. The land is leased from Shibuya City under a 70-year fixed term. When new, apartments had an average price of around 2,700,000 Yen/sqm. There are currently 13 resale listings with an average asking price of 2,555,000 Yen/sqm. The average resale price in 2021 was 2,210,000 Yen/sqm. |
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| City Tower Azabujuban (2009) 2-Bedroom |
¥2,453,000 /sqm |
$1,980 /sq ft |
72 | 0.5% |
|
City Tower Azabujuban is located next-door to Park Court Azabu Juban The Tower. Current asking prices in this building range from 2,035,000 ~ 3,600,000 Yen/sqm, with an average of around 2,610,000 Yen/sqm. There were 9 sale listings in the 501-unit building as of January 2022. The average sale price in 2021 was 2,370,000 Yen/sqm, up 15% from 2020 (2,060,000 Yen/sqm) and up 21.5% from 2019 (1,950,000 Yen/sqm). This apartment was on a high floor. It sold for 17% more than an identical apartment a few floors down sold for in early 2021 and 94% more than an identical apartment a few floors down sold for in 2013. |
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| The Roppongi Tokyo (2011) 2-Bedroom |
¥2,338,000 /sqm |
$1,885 /sq ft |
189 | 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 2,285,000 ~ 3,740,000 Yen/sqm, with an average price of around 2,680,000 Yen/sqm. The average sale price in 2021 was 2,290,000 Yen/sqm, up 9.8% from 2020 (2,085,000 Yen/sqm) and up 8.8% from 2019 (2,105,000 Yen/sqm). This apartment was tenanted and sold at a gross yield of approximately 3.5%. |
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| Classy House Shirokane Sankozaka (1997) 2-Bedroom |
¥1,995,000 /sqm |
$1,610 /sq ft |
70 | 0.5% |
|
Classy House Shirokane Sankozaka is a low-rise apartment building in Minato Ward’s Shirokane neighborhood. This was a renovated apartment on a low floor. It sold for over 40% more than an identical apartment one floor 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. |
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| Diacuore Nogizaka (2011) 1-Bedroom |
¥1,656,000 /sqm |
$1,335 /sq ft |
44 | 0% |
|
Diacuore Nogizaka is a compact-style apartment building located just behind Hinokicho Park and Tokyo Midtown. This apartment was on a mid floor. It sold for 19% more than it previously traded for in 2020 and 14% more than an identical apartment on the top floor sold for in 2021. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date. |
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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: 115.25 Yen).
