Apartments in this building have doubled in value since it was built in 1980. The average price when this apartment was first built in 1980 was 515,000 JPY/sqm (575 USD/sqft). In the midst of the financial bubble, the average price in 1991 was 5,750,000 JPY/sqm (6,435 USD/sqft) – a price increase of 1117% !
This building is part of the “Homat Series” of luxury apartments which are known for having large western-style units and are popular with expat families and Embassy workers. Although many of the buildings are 20~30 years old, they have a cult following as “vintage mansions”.
Homat Capital average price per sqm:
1980 515,000 JPY
1985 1,744,000 JPY
——
1991 5,750,000 JPY
——
2004 643,000 JPY
2005 734,000 JPY
2006 N/A
2007 1,109,800 JPY
2008 1,019,000 JPY
2009 903,000 JPY
2010 1,020,000 JPY
PREVIOUS units for sale:
#202 (Normal sale):
67.62 sqm (728 sqft)
Price: 69,000,000 JPY
Price/sqm: 1,020,000 JPY/sqm
Price in 1980: 32,500,000 JPY
#203 (Foreclosure sale):
159.42sqm (1,715 sqft)
Price: N/A
Building Details:
– Built: July 1980
– Price range in 1980: 24,000,000 – 120,000,000 JPY
– Size range: 48.60 – 208.72 sqm
– Land size: 3644.17 sqm
– Building size: 13,796.98 sqm
– Construction: Reinforced concrete 8 stories + 2 Basements
– Construction Company: Obayashi Corporation
– Developer: Kowa Fudosan
– Design Company: Homat Home
– Management Company: Highness Management
– No. of units: 70 (A: 31, B: 39)
– No. of carparks: 74
Location:
1-1-21 Shirokanedai, Minato-ku, Tokyo
Shirokanedai Sta. – 4 min walk