Homat Capital

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

homat-capital-1f-living
1.33 million JPY/sqm in 2007

 

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

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