4 Apartments For Sale in Roppongi Hills
UPDATE: These apartments are no longer available. Please contact us for current availability. Our contact details can be viewed here.
---
Four apartments are currently for sale in the Roppongi Hills Residences. The Residences form part of the landmark Roppongi Hills complex, which includes an office tower, restaurants, a retail mall, Grand Hyatt Hotel, TV Asahi studio, Louis Vuitton, Tiffany, and Escada boutiques.
Roppongi Hills is a nationally and internationally renowned complex and is considered one of the most desirable places to live, work and play. Residents can enjoy a rooftop party room, bilingual concierge desk, and may elect to join the on-site Roppongi Hills Spa & Gym. Of the 793 apartments in the four residential buildings, less than half are owned by private individuals, with the remainder held by Mori Building and available for rent only. All apartments in Residence C, for example, are rental only.
Apartment resale values in this complex have generally remained relatively high over the past 14 years. In early 2016, a 2-story penthouse was listed for sale for 4,420,000 Yen/sqm. Apartments on lower floors range in price from 2,500,000 ~ 3,500,000 Yen/sqm (2,085 ~ 2,920 USD / sq ft) depending on floor height and apartment size.
Of the four current sale listings in the building, two are vacant and ready to move into, while the other two are leased to tenants and suitable for investors only.Read more
Tokyo Apartment Sales in March 2017
The following is a selection of apartments that were sold in central Tokyo during the month of March 2017:Read more
4,000 sqm site in Ebisu sold to developer
Nomura Real Estate Development has won the bid to acquire a 4,035 sqm block of land in Ebisu. The property, which was a former apartment building for government officials, was sold by the Kanto Local Finance Bureau under a competitive bidding scheme. A total of 11 applications were made on the property, with 5 offers making it through the qualification round.Read more
Sales in the Tokyo Bay Triple Tower Project to start in April
Sumitomo has started advertising City Towers Tokyo Bay (previously called the Tokyo Bay Triple Tower Project) - a large-scale three-tower condominium with over 1,500 apartments under construction on the man-made Ariake island in Tokyo Bay.
Sales were scheduled to start in late April 2017 but have been delayed until late May. Apartments are priced from 34 ~ 150 million Yen and above. The 43 sqm one bedroom apartments are to be priced from 34 million Yen, 54 ~ 55 sqm two bedroom apartments to be priced from 44 million Yen, and 70 sqm three bedroom apartments to be priced from 59 million Yen.
The average price per square meter is around 1,000,000 Yen which is almost 40% higher than the average resale price of existing apartments in the area (722,000 Yen/sqm in 2017).
Harajuku Station Front Project to include retail and residential
NTT Urban Development Corporation will start work on the Harajuku Station Front Project later this year. The 5,000 sqm site is located in a prime position directly across the street from Harajuku Station and the greenery of Meiji Shrine and Yoyogi Park. This is likely become a retail and residential landmark building.Read more
Tokyo apartment asking prices in February 2017
According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment in greater Tokyo was 35,830,000 Yen, up 0.4% from the previous month and up 6.7% from last year. The average building age was 22.5 years.
In the Tokyo metropolitan area the average asking price was 48,450,000 Yen, up 0.4% from the previous month and up 4.3% from last year. The average building age was 22.9 years.
In Tokyo’s 23 wards the average asking price was 53,280,000 Yen, up 0.2% from the previous month and up 3.2% from last year. The average building age was 22.1 years.
The average asking price in Yokohama City was 30,030,000 Yen, up 0.7% from the previous month and up 8.6% from last year. This list he first time since November 1997 that the asking price in Yokohama has exceeded 30 million Yen. The average building age was 23.8 years.
In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya) the average asking price was 72,680,000 Yen, down 0.2% from the previous month but up 2.2% from last year. The average building age was 20.4 years.
Mori Trust to develop luxury hotel near Nara Park
Mori Trust has won the bid to develop a hotel on the edge of Nara’s Yoshikien Garden and Nara Park.
Mori is planning to have architect Kengo Kuma design the buildings, and will be seeking out an international luxury hotel brand to operate the hotel. Read more