Tokyo Apartment Sales in March 2022

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

Building Sold Price
(Yen/sqm)
(USD/sq.ft) Days Listed Discount
 
Park Court Aoyama The Tower (2017)
3-Bedroom
¥3,550,000
/sqm
$2,660
/sq ft
120 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 4 sale listings in the 163-unit building as of March 2022 with an average price of 3,865,000 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. The average sale price so far in 2022 is around 3,445,000 Yen/sqm, up 18.8% from 2021 and up 34.3% from 2020.

 
Park Court Roppongi Hilltop (2012)
1-Bedroom
¥3,246,000
/sqm
$2,430
/sq ft
19 2.96%

Park Court Roppongi Hilltop is 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 3 sale listings in this building with an average price of 3,312,000 Yen/sqm. This was a compact apartment on a  low floor. It sold for 18% more than it was previously listed for in 2021 and 37% more than it was listed for in 2019.

 
Akasaka Tower Residence Top of the Hill (2008)
1-Bedroom
¥3,050,000
/sqm
$2,280
/sq ft
133 1.78%

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 3 were available for sale as of the end of March 2022. The current asking price in this building is around 3,240,000 Yen/sqm. The average sale price so far in 2022 is around 2,800,000 Yen/sqm, up 24.4% from 2021 (2,250,000 Yen/sqm). This was a corner apartment on a high floor. It sold for 90% more than an identical apartment a few floors up sold for in late 2008.

 
Proud Motoazabu (2010)
3-Bedroom
¥2,997,000
/sqm
$2,245
/sq ft
16 4.88%

Proud Motoazabu is a 32-unit, 6-story luxury condo located atop the Motoazabu district in central Tokyo. When new, apartments ranged in price from 195 ~ 700 million Yen, with an average price of around 1,825,000 Yen/sqm. There is currently just 1 sale listing in the building with an asking price of around 3,183,000 Yen/sqm. This apartment was on a mid floor. It sold for 63% more than it was previously reported to have sold for in 2013. 

 
The Court Jingu-Gaien (2020)
2-Bedroom
¥2,958,000
/sqm
$2,215
/sq ft
11 0%

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 just 5 apartments listed for resale as of March 2022 with an average asking price of 2,875,000 Yen/sqm. The average resale price to date in 2022 is around 2,935,000 Yen/sqm, up 15% from 2021 (2,550,000 Yen/sqm) and up 35% from 2020 (2,170,000 Yen/sqm). 

 
Park House Nishiazabu (2000)
3-Bedroom
¥2,709,000
/sqm
$2,030
/sq ft
1 0%

Park House Nishiazabu is a 7-story apartment building located a short walk from Roppongi Hills. The 51-unit building had an average price of around 1,450,000 Yen/sqm when it was brand new in 2000. This has been the most expensive reported sale in this building on a price-per-square-meter basis to date, exceeding a previous price record set in 2019. 

 
Toranomon Towers Residence (2006)
2-Bedroom
¥2,413,000
/sqm
$1,810
/sq ft
41 0.47%

Toranomon Towers Residence is a 41-story high-rise apartment building with 267 apartments. There are currently just 2 sale listings with an average price of 2,400,000 Yen/sqm. This was a renovated 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 25% more than an identical apartment on a high floor sold for in early 2019 and 102% more than an identical apartment on a high floor sold for in 2012.

 

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: 124.14 Yen).

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