21% annual returns on apartments in Roppongi
Apartments near Roppongi Itchome Station in central Tokyo have provided an average annualized return of 21.26% over the past 10 years, according to a report by Tokyo Kantei.
Office tower to replace residential project in Roppongi Itchome
Sumitomo has started construction on a 7-storey, 46 meter tall office building located directly east of Sumitomo’s 216m tall Izumi Garden and across the street from the 27-storey Park Court Roppongi Hilltop apartment building. The office tower will have a total floor area of 7,910 sqm (85,000 sq ft) and is expected to be completed by January 2019.Read more
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.
Japan’s most expensive apartment building reaches completion in Roppongi
Last year, the rumored quiet sale of a 5.5 billion Yen (approx. 50 million USD) apartment in central Tokyo broke price records. Although the sale has not been confirmed, if true, this would make it the most expensive apartment to have ever been sold in Japan, exceeding the previous record of 4.4 billion Yen paid for a penthouse apartment in Domus Minamiazabu during the bubble era in the late 1980s / early 1990s.
The 580 sqm (6,241 sq ft) apartment is one of two apartments occupying the top floor of the 7-story Park Mansion Hinokicho-Koen. The building was developed by Mitsui Fudosan Residential and construction was completed at the end of April 2017.Read more
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
Tokyu to start flipping luxury condominiums
This month, Tokyu Land will start sales of condominium units in a 9 year old residential building in Roppongi. The company acquired the former Residia Tower Roppongi, a 27-storey rental-only tower, in 2014 and will soon start selling off the apartments individually as they become vacant.
The revamped building has been re-named ‘Majes Tower Roppongi’. It is across the street from The National Art Center, 200 meters from Tokyo Midtown and 600 meters from Roppongi Hills. Apartment prices will range from 60 ~ 200 million Yen (500,000 ~ 1.66 million USD), with an average price of around 1,630,000 Yen/sqm (1,260 USD/sq.qft).
A 47.88 sqm (515 sq.ft) studio apartment on the 8th floor is listed for 66,100,000 Yen, while a 117.14 sqm (1,260 sq.ft) 2-Bedroom apartment on the 6th floor is listed for 199,600,000 Yen.
Based on average rents, investor-buyers should expect gross yields the 2 ~ 3% range. Just 6 of the 83 apartments will be available for sale during the first round of sales this month. They will be ready for delivery to buyers from early 2016.
Because this was originally built as a rental building, it does not have floating floors (something commonly found in condominiums as a way to provide extra insulation and sound proofing, and allow for easier re-configurations of piping and layout). Ceiling heights are also a maximum of 2,450mm, which is average but a little lower than the 2,500 ~ 2,600mm found in luxury residences.Read more
[Foreclosed] Apartment in Park Mansion Roppongi
*Update: The property was withdrawn from the auction. This can occur when the creditor/s are either paid the outstanding debt or reach an agreement with the borrower. It was later listed for sale for 248,000,000 Yen.
A 3-bedroom apartment in the luxury Park Mansion Roppongi building is up for public auction this month.
Bidding on the 114 sqm (1227 sqft) apartment starts from 81,600,000 Yen (715,800 Yen/sqm). Apartments in this building are normally priced around 1.9 ~ 2.5 million Yen per square meter, with those overlooking Hinokicho Park going for as much as 3 million Yen/sqm. Read more