Tokyo Apartment Sales in July 2022

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

Building Sold Price
(Yen/sqm)
(USD/sq.ft) Days Listed Discount
 
Premist Minamiaoyama (2014)
2-Bedroom
¥3,433,000
/sqm
$2,395
/sq ft
14 4.4%

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 3,637,000 Yen/sqm. The average resale price to date in 2022 is around 3,005,000 Yen/sqm, up 4.5% from 2021 (2,875,000 Yen/sqm). This has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

 
Roppongi Hills Residence (2003)
2-Bedroom
¥3,234,000
/sqm
$2,260
/sq ft
70 0%

Roppongi Hills has long been considered Japan’s premium address. There are currently just 2 sale listings in the complex with an average asking price of 3,600,000 Yen/sqm. The average sale price to date in 2022 is around 3,210,000 Yen/sqm, up 5.1% from 2021 (3,055,000 Yen/sqm) and up 14.2% from 2020 (2,810,000 Yen/sqm). This apartment was on a low floor in Residence B. It sold for 93% more than an identical apartment one floor down sold for in 2010. It has been the second most expensive reported sale in this building on a price-per-square-meter basis to date.

 
Park Court Hamarikyu The Tower (2019)
3-Bedroom
¥2,897,000
/sqm
$2,020
/sq ft
326 3.8%

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 5 sale listings as of July 2022 with an average asking price of around 2,510,000 Yen/sqm. The average resale price to date in 2022 is 2,585,000 Yen/sqm, up 20.5% from 2021 (2,145,000 Yen/sqm) and up 31.2% from 2020 (1,970,000 Yen/sqm). This apartment was on a high floor with park views. It sold for 37% more than its price when brand new.

 
The Residence Yotsuya Avenue (2020)
2-Bedroom
¥2,768,000
/sqm
$1,930
/sq ft
11 0%

The Residence Yotsuya Avenue is part of the Co-Mo-Re Yotsuya mixed-use project near Yotsuya Station. The apartments went on sale in late 2020 with all units selling out on the same day. There were an average of 8.95 purchase applications made per apartment. When new, apartments had an average price of around 2,000,000 Yen/sqm. 

 
Park Court Akasaka The Tower (2009)
2-Bedroom
¥2,731,000
/sqm
$1,910
/sq ft
76 4.8%

Park Court Akasaka The Tower is a 43-story, 518-unit luxury high-rise in Akasaka. The current average asking price in this building is around 2,800,000 Yen/sqm, with 10 listings as of July 2022. Apartments over 100 sqm in size have an average asking price of 3,075,000 Yen/sqm, which is around 21% more than the apartments under 100 sqm in size (priced at 2,535,000 Yen/sqm). The average resale price to date in 2022 is 2,485,000 Yen/sqm, up 24.9% from 2021 (1,990,000 Yen/sqm), and up 42.8% from 2020 (1,740,000 Yen/sqm). This apartment was 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.

 
Waterras Tower Residence (2013)
2-Bedroom
¥2,729,000
/sqm
$1,905
/sq ft
7 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 2 sale listings in the 333-unit building with an average list price of 3,420,000 Yen/sqm. The average resale price to date in 2022 is around 2,845,000 Yen/sqm, up 10.7% from 2021 (2,570,000 Yen/sqm) and up 33% from 2020 (2,135,000 Yen/sqm). This was a compact apartment. It sold for 46% more than an identical apartment a few floors up sold for in 2019.

 
Proud Daikanyama Front (2021)
1-Bedroom
¥2,690,000
/sqm
$1,880
/sq ft
81 6.3%

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 apartment was on a low floor. It sold for 27% more than its price when brand new. 

 
Homat Sanbancho (2003)
2-Bedroom
¥2,500,000
/sqm
$1,745
/sq ft
41 0.8%

Homat Sanbancho is a 13-story apartment building located on the western side of the Imperial Palace. Built in 2003, it is part of the Homat series of apartment buildings. This apartment was on a low floor. It sold for 50% more than an identical apartment one floor down sold for in 2017 and 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: 133.15 Yen).

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