For Sale: 3-Bedroom corner apartment in Roppongi Hills
ROPPONGI HILLS RESIDENCE
SOLD
Potential rent: -
This is a sought-after three bedroom corner apartment on the 19th floor in Roppongi Hills Residence B - the 43-storey tower. The Roppongi Hills Residences form part of the internationally-renowned Roppongi Hills complex in the center of Tokyo, which includes a 238m tall office tower, a variety of restaurants and cafes, a high-end retail mall, the Grand Hyatt Hotel, the TV Asahi studio, and the Louis Vuitton, Tiffany and Escada boutiques.
The developer, Mori Building, spent 17 years getting the various land parcels and landowners together in order to start the project. Since its completion in 2003, Roppongi Hills has been considered one of the most desirable places to live, work and play in the country, and has attracted some of Japan’s most elite business people and celebrities as residents.
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.
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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
3-Bedroom apartment for sale in Roppongi Hills
Become part of the exclusive Roppongi Hills Tribe.
Price: SOLD | Size: 121.93 sqm (1,312 sqft) |
*This apartment sold in early December 2014 and is no longer available. It was listed for 67 days and sold at a 0% discount*
A 3-Bedroom apartment on the 41st floor in Roppongi Hills Residence B was listed for sale yesterday. This is a rare corner apartment located on the north-west corner of the building. The estimated rent on this apartment is approximately 1,100,000 Yen/sqm*. It is currently occupied by the owner and inspections are available by advance appointment only.
At the moment this is the only apartment available for sale in Residence B. Since 2012, there have only been 6 apartments listed for sale in this building and only 3 of them were over 100 sqm in size. The most recent sale was a 3-Bedroom 150 sqm apartment on a lower floor which sold for approximately 371 million Yen (2,473,000 Yen/sqm) earlier this year.
While we have recently seen prices skyrocket in other high-rise buildings around central Tokyo, apartment prices in Roppongi Hills have remained at consistently high levels for the past 10 years.Read more
Tokyo has second most expensive luxury home market (and other Forbes furphies)
Forbes recently published an article on the world's most expensive cities for luxury real estate citing Savills 'World Cities Review Report' and used some interesting figures for Tokyo, which was ranked second to Hong Kong.
From the Forbes article (the link is provided at the bottom of this page):
[The] average home size in Japan's capital city is an expansive 16,000 sqft, for an average 5,000 pounds per square foot. In other words an opulent mansion-sized home in Tokyo totes a market value of $121.6 million.
Let's start with the average home size of 16,000 sqft, which is approximately 1480 sqm. While I don't doubt that there are several homes in Tokyo of this size or larger owned by billionaires, the average home is closer to 100 sqm (1076 sqft), while luxury residences can range anywhere in size from 200 to 600 sqm (2152 ~ 6456 sqft).Read more