Tokyo Apartment Sales in May 2022

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

Building Sold Price
(Yen/sqm)
(USD/sq.ft) Days Listed Discount
 
Park Court Chiyoda Fujimi The Tower (2014)
3-Bedroom
¥3,146,000
/sqm
$2,255
/sq ft
175 0%

Park Court Chiyoda Fujimi The Tower is a 40-story apartment building located close to Iidabashi Station in Chiyoda-ku. When sales began in late 2012 the average price of a new unit was around 1,435,000 Yen/sqm. The entire building had sold out by early 2013, 12 months prior to completion. Despite having 505 units, there are currently just 3 sale listings (one already under offer) with an average asking price of 3,555,000 Yen/sqm. The average sale price to date in 2022 is around 2,890,000 Yen/sqm, down 2.4% from 2021 (2,960,000 Yen/sqm) but up 33.8% from 2019 (2,160,000 Yen/sqm). This apartment sold for 55% more than an identical one a few floors below was listed for in 2016 and has been the second most expensive reported sale in this building on a price-per-square-meter basis to date.

 
Motoazabu Hills (2002)
2-Bedroom
¥3,125,000
/sqm
$2,240
/sq ft
12 1.6%

Motoazabu Hills is a landmark 29-story building developed by Mori Building in 2002. There are currently 2 sale listings in the 222-unit building with an average asking price of 3,100,000 Yen/sqm. This apartment sold for around 40% more than it previously sold for in early 2021 and has been the most expensive reported sale in this building on a price-per-square-meter basis to date. 

 
Proud Motoazabu (2010)
3-Bedroom
¥3,084,000
/sqm
$2,210
/sq ft
7 0%

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 3,000,000 Yen/sqm. The average resale price in this building in 2022 to date is around 3,040,000 Yen/sqm. This has been the second most expensive reported resale in this building on a price-per-square-meter basis to date.

 
Proud Ebisu Hillside Garden (2020)
2-Bedroom
¥2,773,000
/sqm
$1,985
/sq ft
47 0%

Proud Ebisu Hillside Garden is a luxury hotel and condominium complex located a 3-minute walk from Ebisu Station. The 11-story building has a total of 88 apartments. When new, apartments were priced from 1,900,000 ~ 3,900,000 Yen/sqm. This apartment sold for approximately 15% more than its price when brand new and 34% more than an identical apartment on a lower floor sold for 12 months ago.

 
Park Court Azabujuban The Tower (2010)
2-Bedroom
¥2,590,000
/sqm
$1,855
/sq ft
163 0%

Park Court Azabujuban The Tower is a 440 unit, 36-story high rise in the Azabu Juban area with concierge, gym, guest suite and resident lounge. Current asking prices in this building are around 2,825,000 Yen/sqm, with just 3 apartments listed for sale. The average sale price to date in 2022 is 2,485,000 Yen/sqm, up 14% from 2021 (2,180,000 Yen/sqm) and up 24.3% from 2020 (2,000,000 Yen/sqm). This was a compact apartment on a mid-floor. It has been the most expensive reported sale in this building on a price-per-square-meter basis to date. 

 
Hiroo Garden Hills (1984)
1-Bedroom
¥1,940,000
/sqm
$1,390
/sq ft
3 3.7%

Hiroo Garden Hills is a large-scale vintage apartment complex with 1,181 apartments. Only 3 units were listed for sale as of May 2022, representing 0.2% of the total. The average asking price is currently around 2,220,000 Yen/sqm. The average sale price to date in 2022 is around 1,920,000 Yen/sqm, down 5.4% from 2021 (2,030,000 Yen/sqm) but up 11.6% from 2020 (1,720,000 Yen/sqm). This was a compact apartment on the ground floor. It sold for 75% more than an identically-sized one on the same floor sold for in 2009.

 
Takanawa The Residence (2005)
4-Bedroom
¥1,934,000
/sqm
$1,385
/sq ft
16 0%

Takanawa The Residence is a 47-story high-rise in Minato ward’s Shirokane / Takanawa neighborhood. The 486-unit building was completed in 2005. The average asking price is currently around 1,900,000 Yen/sqm. The average sale price to date in 2022 is around 1,785,000 Yen/sqm, up 8.2% from 2021 (1,650,000 Yen/sqm) and up 23.1% from 2020 (1,450,000 Yen/sqm).  This apartment was on a high floor with views of the greenery of Happo-en and the Institute for Nature Study. It has been the second most expensive reported sale in this building on a price-per-square-meter basis to date. It sold for 39% more than an identical apartment a few floors up sold for in 2017.

 
Lions Mansion Nogizaka (1998)
2-Bedroom
¥1,610,000
/sqm
$1,155
/sq ft
12 6.3%

Lions Mansion Nogizaka is a 9-story, 86-unit apartment building located near Tokyo Midtown. There is currently one sale listing with an asking price of 1,771,000 Yen/sqm. The average resale price to date in 2022 is around 1,610,000 Yen/sqm, up 12.6% from 2021 (1,430,000 Yen/sqm) and up 30.9% from 2020 (1,230,000 Yen/sqm). This apartment sold for 20% more than an identically-sized one on the same floor sold for 12 months ago and has been the second most expensive reported sale in this building on a price-per-square-meter basis to date. 

 
The Harumi Residence (2009)
2-Bedroom
¥1,035,000
/sqm
$740
/sq ft
34 0.3%

The Harumi Residence is a 20-story, 438-unit apartment building located on a man-made island in Tokyo Bay and close to the Athlete’s Village / Harumi Flag development. The current asking price in this building is around 1,020,000 Yen/sqm. The average sale price to date in 2022 is 1,000,000 Yen/sqm, up 11% from 2021 (900,000 Yen/sqm) and up 22% from 2020 (820,000 Yen/sqm). This has been the 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: 129.74 Yen).

 1,156 total views,  4 views today