The following is a selection of apartments that were reported to have sold in central Tokyo during the month of April 2022:
| Building | Sold Price (Yen/sqm) |
(USD/sq.ft) | Days Listed | Discount |
|---|---|---|---|---|
| Proud Daikanyama Front & Terrace (2021) 3-Bedroom |
¥3,761,000 /sqm |
$2,675 /sq ft |
23 | 4.6% |
|
Proud Daikanyama Front and Terrace is a recently-completed luxury apartment building in the center of the trendy shopping and cafe district of Daikanyama. It contains 95 apartments in two buildings. When new, apartments were priced from around 2 ~ 3.8 million Yen/sqm. This was a spacious three-bed, one-bath apartment in the low-rise building. This has been the most expensive reported resale of an apartment in the Daikanyama district on a price-per-square-meter basis in history. |
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| The Parkhouse Gran Minamiaoyama (2016) 3-Bedroom |
¥3,637,000 /sqm |
$2,590 /sq ft |
49 | 0% |
|
The Parkhouse Gran Minamiaoyama is a luxury low-rise apartment building in the heart of Omotesando. Off-the-plan sales began in June 2015 and all apartments sold out on the first day of sales with an average of 9.6 buyers per apartment. The average price when new was around 2,300,000 Yen/sqm. There are currently just 5 sale listings in the 101-unit building with an average asking price of 4,150,000 Yen/sqm. 4 of the 5 units are rented to tenants with an average gross yield of 2.77%. The average resale price to date in 2022 is around 3,000,000 Yen/sqm, down 4.2% from 2021 (3,130,000 Yen/sqm) but up 5.3% from 2020 (2,585,000 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. |
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| Miyamasuzaka Building The Shibuya Residence (2020) 1-Bedroom |
¥3,252,000 /sqm |
$2,315 /sq ft |
45 | 1.9% |
|
Miyamasuzaka Building The Shibuya Residence is a 15-story apartment building located a 1-minute walk from Shibuya Station. There are currently no resale listings in the 152-unit building. The average resale price to date in 2022 is around 3,075,000 Yen/sqm, up 12.8% from 2021 (2,725,000 Yen/sqm). This was a compact apartment on a high floor. It has been the second most expensive reported resale in this building on a price-per-square-meter basis to date. |
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| Branz Roppongi The Residence (2019) 2-Bedroom |
¥3,040,000 /sqm |
$2,165 /sq ft |
22 | 3.1% |
|
Branz Roppongi The Residence is a luxury 8-story building located near Tokyo Midtown. The 51-unit building was developed by Tokyu Land, Orix Real Estate, and Daikyo. Off-the-plan sales began in 2017, with apartments priced from 235 million to 1.5 billion Yen, and an average price of around 2,800,000 Yen/sqm. This apartment sold for approximately 29% more than a similarly-sized one a few floors up sold for in 2020 and 14% more than it was previously listed for in 2021. |
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| Waterras Tower Residence (2013) 3-Bedroom |
¥2,962,000 /sqm |
$2,110 /sq ft |
59 | 0% |
|
Waterras Tower is a large-scale, mixed-use development with office, retail, and luxury residences near Shin-Ochanomizu and Akihabara Stations. There are currently just 3 sale listings in the 333-unit building with an average list price of 3,265,000 Yen/sqm. The average resale price in 2021 was 2,570,000 Yen/sqm, up 20.4% from 2020 (2,135,000 Yen/sqm) and up 28.2% 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. |
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| Park Court Hamarikyu The Tower (2019) 3-Bedroom |
¥2,901,000 /sqm |
$2,065 /sq ft |
17 | 4.0% |
|
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 6 sale listings as of April 2022 with an average asking price of around 2,725,000 Yen/sqm. The average resale price to date in 2022 is 2,530,000 Yen/sqm, up 17.9% from 2021 (2,145,000 Yen/sqm) and up 28.4% from 2020 (1,970,000 Yen/sqm). This apartment was on a mid-floor. It sold for approximately 57% more than its price when brand new and has been the second most expensive reported resale in this building on a price-per-square-meter basis to date. |
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| Premist Minamiaoyama (2014) 2-Bedroom |
¥2,578,000 /sqm |
$1,835 /sq ft |
23 | 0% |
|
Premist Minamiaoyama is a luxury residential building located in the fashionable Omotesando area. When new, apartments were priced from 91 ~ 500 million Yen, with an average price of around 1,735,000 Yen/sqm. All new apartments sold out 3 months prior to completion of the building. There are currently 2 sale listings in the 84-unit building with an average asking price of 3,132,000 Yen/sqm. Both units are leased to tenants with an average gross yield of 2.50%. This was a compact apartment on a low floor. It has been the second 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: 130.57 Yen).
