Tokyo Apartment Sales in February 2022

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of February 2022:

Building Sold Price
(Yen/sqm)
(USD/sq.ft) Days Listed Discount
 
Park Court Akasaka Hinokicho The Tower (2018)
2-Bedroom
¥3,918,000
/sqm
$3,165
/sq ft
25 1.5%

Park Court Akasaka Hinokicho The Tower is a luxury high-rise apartment building adjoining Tokyo Midtown. When off-the-plan apartment sales began in late 2015, there were an average of 1.9 buyers per apartment. The building was designed by Kengo Kuma and features concierge, gym, roof deck, and various resident lounges and function rooms. There is currently 1 sale listing in the 322-unit building with an asking price of 4,884,000 Yen/sqm. The average sale price in 2021 was 3,505,000 Yen/sqm, up 23% from 2020 (2,850,000 Yen/sqm). This was a compact apartment on a mid-floor that did not have park or Tokyo Tower views. It has been the second most expensive reported sale in this building on a price-per-square-meter basis to date. It sold for 14% more than an identical apartment a few floors up sold for in mid-2019.

 
Park Court Hamarikyu The Tower (2019)
3-Bedroom
¥3,039,000
/sqm
$2,455
/sq ft
293 10%

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 7 sale listings as of July 2021 with an average asking price of around 2,665,000 Yen/sqm. The average sale price in 2021 was 2,145,000 Yen/sqm, up 9% from 2020 (1,970,000 Yen/sqm) and up 15.9% from 2019 (1,850,000 Yen/sqm). The average sale price to date in 2022 is around 2,520,000 Yen/sqm. This apartment was on a high floor with park views. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date. 

 
Motoazabu Hills Forest Tower (2002)
1-Bedroom
¥2,792,000
/sqm
$2,255
/sq ft
148 11.3%

Motoazabu Hills is a landmark 29-story building developed by Mori Building in 2002. There are currently 4 sale listings in the 222-unit building with an average asking price of 2,980,000 Yen/sqm. This apartment was on a low floor with views towards Mt. Fuji. It has been the most expensive reported sale in this building on a price-per-square-meter basis to date. It sold for 17% more than its previous list price in 2019.

 
Proud Tower Chiyoda Fujimi (2009)
2-Bedroom
¥2,536,000
/sqm
$2,050
/sq ft
8 0%

Proud Tower Chiyoda Fujimi is a 38-story, 414 unit apartment building located near Iidabashi Station. There are currently 6 sale listings with an average asking price of 2,565,000 Yen/sqm. 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 to date. It sold for 86% more than an identical apartment a few floors up sold for in late 2012.

 
Hiroo Garden Hills (1984)
3-Bedroom
¥2,353,000
/sqm
$1,900
/sq ft
88 1.3%

Hiroo Garden Hills is a large-scale vintage apartment complex with 1,181 apartments. Only 6 units were listed for sale as of February 2022, representing 0.5% of the total. The average asking price is currently around 2,080,000 Yen/sqm. The average sale price in 2021 was 2,030,000 Yen/sqm, up 18% from 2020 (1,720,000 Yen/sqm), and up 34% from 2019 (1,550,000 Yen/sqm). This apartment was on a low floor. It sold for 34% more than it previously traded for in June 2021 and 84% more than an identical apartment a few floors up sold for in 2010.

 
Park Court Motoazabu Hill Terrace (2016)
3-Bedroom
¥2,249,000
/sqm
$1,815
/sq ft
42 0%

Park Court Motoazabu Hill Terrace is a 5-story, 30-unit apartment building located 750 meters south of Roppongi Hills. There are currently 2 sale listings with an average price of 2,370,000 Yen/sqm. This apartment was 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 around 25 ~ 30% more than its price when brand new.

 
Park Cout Toranomon Atago Tower (2008)
2-Bedroom
¥2,094,000
/sqm
$1,690
/sq ft
20 1.3%

A 30-story luxury high-rise located between Toranomon Hills and Tokyo Tower. There are currently 3 sale listings in the 231-unit building, with an average asking price of 2,295,000 Yen/sqm. The average sale price in 2021 was 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 compact apartment on a mid floor. It sold for 40% more than an identical apartment a few floors down sold for in 2014.

 

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: 115.02 Yen).

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