The following is a selection of apartments that were reported to have sold in central Tokyo during the month of June 2021:

Building Sold Price
(Yen/sqm)
(USD/sq.ft) Days Listed Discount
 
The Parkhouse Gran Minamiaoyama (2016)
2-Bedroom
¥3,408,000
/sqm
$2,840
/sq ft
123 2.8%

The Parkhouse Gran Minamiaoyama is a luxury low-rise apartment building in the heart of Omotesando. Off-the-plan sales began in June 2015 and all apartments sold out on the first day of sales with an average of 9.6 buyers per apartment. The average price when new was around 2,300,000 Yen/sqm. There are currently just 3 sale listings in the 101-unit building with an average asking price of 4,080,000 Yen/sqm. All 3 units are rented to tenants with an average gross yield of 2.75%. This apartment was on a low floor. It sold for 19% more than an identical apartment one floor up sold for in 2019 and has been the most expensive reported sale in this building on a price-per-square-meter basis to date.

 
Park Court Roppongi Hilltop (2012)
2-Bedroom
¥3,194,000
/sqm
$2,660
/sq ft
1 0%

A 27-story, 270-unit high-rise located near Roppongi Itchome Station and Izumi Garden Tower. When new back in 2012, the average sale price was around 1,400,000 Yen/sqm. There are currently no sale listings this building. This apartment was on a high floor. It sold for 40% more than an identical apartment one floor down sold for in 2019 and has been the most expensive reported sale in this building on a price-per-square-meter basis to date.

 
Park Court Nogizaka The Tower (2019)
2-Bedroom
¥3,130,000
/sqm
$2,610
/sq ft
55 4.5%

Park Court Nogizaka The Tower is a 25-story apartment building located near Nogizaka Station and Aoyama Cemetery. When new, apartments had an average price of around 2,400,000 Yen/sqm. There are currently 4 sale listings in the 88-unit building with an average asking price of 2,770,000 Yen/sqm. This was a corner unit on the top floor. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

 
Grand Hills Motoazabu (2018)
3-Bedroom
¥3,089,000
/sqm
$2,575
/sq ft
172 8.9%

Grand Hills Motoazabu is a 5-story apartment on a hilltop position in the Azabu district. Apartments were priced between 2,300,000 ~ 4,900,000 Yen/sqm when new. There is currently 1 sale listing in the 32-unit building with an asking price of 3,489,000 Yen/sqm. This apartment may have sold for approximately 18% more than its price when brand new.

 
The Conoe Daikanyama (2016)
3-Bedroom
¥2,902,000
/sqm
$2,415
/sq ft
231 2.2%

The Conoe Daikanyama is a 13-story apartment building in front of Daikanyama Station. There are currently 6 sale listings in the 109-unit building with an average asking price of 2,320,000 Yen/sqm. This was a spacious penthouse apartment with two roof terraces. It sold for 1% less than its price when brand new. With the exception of this unit, the average sale price to date in 2021 is around 1,760,000 Yen/sqm, showing no change from 2020 but down 12.2% from 2019.

 
The Roppongi Tokyo (2011)
3-Bedroom
¥2,900,000
/sqm
$2,415
/sq ft
92 0%

A 39-story, 611-unit high rise in the Roppongi neighbourhood with concierge, gym, guest suite and resident lounge. Current asking prices in this building range from 2,210,000 ~ 2,980,000 Yen/sqm, with an average price of around 2,340,000 Yen/sqm. There are currently 9 sale listings as of June 2021. The average sale price to date in 2021 is around 2,248,000 Yen/sqm, up 7.8% from 2020 (2,085,000 Yen/sqm) and up 6.8% from 2019 (2,105,000 Yen/sqm). This apartment was leased to a tenant and sold with a gross rental yield of 3.7%. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

 
Proud Ebisu Hillside Garden (2020)
2-Bedroom
¥2,869,000
/sqm
$2,390
/sq ft
323 0%

Proud Ebisu Hillside Garden is a luxury hotel and condominium complex located a 3-minute walk from Ebisu Station. The 11-story building has a total of 88 apartments. When new, apartments were priced from 1,900,000 ~ 3,900,000 Yen/sqm. There are currently 6 sale listings with an average asking price of 2,670,000 Yen/sqm.

 
Hiroo Garden Hills (1986)
3-Bedroom
¥2,728,000
/sqm
$2,275
/sq ft
168 0%

Hiroo Garden Hills is a large-scale vintage apartment complex with 1,181 apartments. Only 5 units were listed for sale as of June 2021, representing 0.4% of the total, and 2 of those were under offer. Sale prices in 2021 have ranged from 1,684,000 ~ 2,728,000 Yen/sqm. The average sale price in 2020 was 1,720,000 Yen/sqm, up 11% from 2019 (1,550,000 Yen/sqm) and up 2.4% from 2018 (1,680,000 Yen/sqm). This was a spacious apartment with an original interior in the desirable South Hill. It has been the most expensive reported sale in this building on a price-per-square-meter basis since 1993. It sold for 110% more than an identical apartment one floor down sold for in 2004.

 
Waterras Tower Residence (2013)
2-Bedroom
¥2,710,000
/sqm
$2,260
/sq ft
69 0%

Waterras Tower is a large-scale, mixed-use development with office, retail and luxury residences near Shin-Ochanomizu and Akihabara Stations. There is currently just 1 sale listing in the 333-unit building with a list price of 2,572,000 Yen/sqm. The average resale price to date in 2021 is around 2,435,000 Yen/sqm, up 14.1% from 2020 (2,135,000 Yen/sqm) and up 21.4% from 2019 (2,005,000 Yen/sqm). This apartment sold for 35% more than the price that an identical apartment a couple of floors down was listed for in 2017. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

 
The Residence Roppongi (2019)
2-Bedroom
¥2,524,000
/sqm
$2,100
/sq ft
226 0.4%

The Residence Roppongi is a 23-story, 73-unit apartment building developed by Mori Trust and completed in late 2019. When new, apartments had an average price of around 2,800,000 Yen/sqm. There is currently 1 resale listed for 2,853,000 Yen/sqm. This was a corner unit on a low floor. It has been the second publicly reported resale in this building.

 
Akasaka Tower Residence Top of the Hill (2008)
3-Bedroom
¥2,328,000
/sqm
$1,940
/sq ft
33 4.8%

Akasaka Tower Residence Top of the Hill is a 45-story luxury apartment building with concierge, rooftop deck and cafe, library, lounges and guest suites. Despite having 521 apartments in the building, only 9 were available for sale as of June 2021. The current asking price in this building is around 2,660,000 Yen/sqm. The average resale price to date in 2021 is around 2,170,000 Yen/sqm, down 3.6% from 2020 (2,250,000 Yen/sqm) and similar to 2019 pricing (2,168,000 Yen/sqm). This apartment was on a high floor and leased to a tenant, providing a gross yield of 3.6%. It sold for 5.3% more than it previously traded for in 2015.

 
Grand Suite Azabudai Hilltop Tower (2014)
1-Bedroom
¥2,164,000
/sqm
$1,800
/sq ft
22 0%

Grand Suite Azabudai Hilltop Tower is a 166-unit, 29-story high-rise located near the Russian Embassy and across the street from the 580 billion Yen Toranomon-Azabudai Project. When pre-sales began in 2013, apartments had an average price of around 1,360,000 Yen/sqm. There is currently 1 sale listing in the building with an asking price of 3,291,000 Yen/sqm. The average sale price to date in 2021 is around 2,175,000 Yen/sqm, up 18.9% from 2020 (1,830,000 Yen/sqm) and up 16.6% from 2019 (1,865,000 Yen/sqm). This apartment sold for approximately 65% more than its price when brand new and has been the 3rd most expensive reported resale in this building on a price-per-square-meter basis to date. It sold for 6.5% more than an identical apartment a few floors up sold for last October.

 
The Parkhouse Urbance Omotesando (2019)
1-Bedroom
¥2,126,000
/sqm
$1,770
/sq ft
97 0%

The Parkhouse Urbance Omotesando is a low-rise, compact apartment building located a 9-minute walk from Omotesando Station. When new, apartments had an average price of around 1,850,000 Yen/sqm. This was a compact apartment. It sold for 21% more than its price when brand new.

 
High Lese Roppongi Mikawadai (2000)
2-Bedroom
¥2,096,000
/sqm
$1,745
/sq ft
327 7.0%

High Lese Roppongi Mikawadai is a 6-story, 23-unit apartment building next door to Tokyo Midtown in Roppongi. This apartment was on the ground floor. It sold for 26% more than it was previously listed for in 2017 and 44% more than an identical apartment a few floors up sold for in 2017. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

 
Classy House Shoto (2004)
3-Bedroom
¥1,900,000
/sqm
$1,580
/sq ft
159 0%

Classy House Shoto is a luxury 4-story, 8-unit apartment building in Shibuya. This was a spacious apartment on the ground floor. It sold for 33% more than it was previously listed for in 2014.

 
 
 

About the data:

  • The data is based on information supplied to REINS by agents.
  • This information is voluntarily provided, and not all transactions are recorded.
  • Japan Property Central cannot guarantee the accuracy of the information provided.
  • The discount, for example, is based on the last advertised listing price at the time of sale, rather than the original list price.
  • Some listings are constantly updated, so the days listed between listing on REINS and final sale may not be accurate. The days listed are also based on the day that the agent registered the property as being sold, which is sometimes done on the day of the contract signing, settlement or even later if the agent forgets to update the listing.
  • Not every sale is reported above.
  • Price per square meter or per square foot is calculated based on the apartment’s internal floor area and does not include balconies, car parks or common areas.
  • Exchange rate is at the time of publishing the article and is subject to change (1 USD: 111.58 Yen).

Loading