Tokyo Apartment Sales in November 2017

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of November 2017:

Building Sold Price
(Yen/sqm)
(USD/sq ft) Days Listed Discount
Toranomon Towers Residence (2006)
2-Bedrooms
¥2,180,000
/sqm
$1,800
/sq ft
83 3.4%
A 41-storey high-rise located in the Toranomon district. The current average asking price ranges from 1,770,000 ~ 2,290,000 Yen/sqm.

Despite having 267 apartments in the building, just 3 were for sale as at the end of September 2017, with 1 already under contract and the other to be sold tenanted. The average sale price to date in 2017 has been around 1,870,000 Yen/sqm, up 18% from 2016 (1,585,000 Yen/sqm) and up 7.6% from 2015 (1,738,000 Yen/sqm).

This apartment sold for approximately 25% more than an identical apartment a few floors down sold for in 2010 and has been the most expensive reported sale in this building to date on a price-per-square-meter basis.

Park Court Roppongi Hilltop (2012)
1-Bedroom
¥2,148,000
/sqm
$1,775
/sq ft
76 2.0%
A 27-storey, 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 4 apartments currently listed for sale in this building with an average asking price of 2,400,000 Yen/sqm. There have been 2 reported sales in 2017 with an average price of 2,215,000 Yen/sqm, up 1.6% from 2016 (2,180,000 Yen/sqm) and up 5.5% from 2015 (2,100,000 Yen/sqm).

This apartment was sold tenanted with a gross yield of approximately 3.3%.

Wellith Tower Atago Toranomon (2014)
3-Bedrooms
¥2,031,000
/sqm
$1,675
/sq ft
129 7.7%
A 22-storey apartment building located 300 meters from Tokyo Tower. When new, apartments were priced at around 1,170,000 Yen/sqm.

There were only 2 sale listings in the building as at November 2017, one of those is tenanted and another is already under contract. The average asking price is around 1,860,000 Yen/sqm.

The average sale price in 2017 has been around 1,800,000 Yen/sqm, an increase of 54% since new. This apartment offered an unobstructed and incredibly close-up view of Tokyo Tower. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date and would have sold for for between 25 ~ 30% more than its price when brand new.

Terrace Shibuya Mitake (2012)
1-Bedroom
¥1,993,000
/sqm
$1,645
/sq ft
61 3.1%
A 17-storey, 196-unit apartment building located a one minute walk from Shibuya Station. When sales began in late 2011 the average off-the-plan price was around 1,380,000 Yen/sqm. All new apartments had sold out about 5 months prior to completion.

There are currently no listings available in this building and this has been the only reported resale in 2017.

This apartment sold for approximately 40% more than an identical apartment on a lower floor sold for in 2015. It has been the highest reported resale on a price-per-square-meter basis in this building to date.

The Parkhouse Gran Sanbancho (2016)
2-Bedrooms
¥1,982,000
/sqm
$1,635
/sq ft
47 5.3%
A luxurious 148-unit high-rise located in a prestigious location just 250 meters west of the Imperial Palace moat. When new, apartments had an average price of around 1,450,000 Yen/sqm, and all new apartments sold out five months before construction was completed. There is currently just 1 apartment listed for sale in the building with an asking price of around 1,745,000 Yen/sqm.

This apartment was on a relatively high floor. It sold for approximately 11% more than the apartment downstairs sold for 6 months ago and has been the highest reported resale on a price-per-square-meter basis in this building to date.

Park Court Takanawa Hilltop Residence (2011)
3-Bedrooms
¥1,927,000
/sqm
$1,590
/sq ft
56 8.3%
A 127-unit apartment building located near the historic Sengaku-ji temple in Minato’s Takanawa/Shirokane neighborhood. There are currently no listings for sale in this building.

This was a spacious apartment on a high floor with private rooftop terraces. In the past two years, apartments over 100 sqm have sold for around 1,900,000 Yen/sqm+, while smaller apartments have sold for around 1,400,000 Yen/sqm.

Proud Akasaka (2015)
2-Bedrooms
¥1,755,000
/sqm
$1,450
/sq ft
192 3.1%
A 12-storey apartment building located 4 minutes from Akasaka Station and a 7 minute walk from Tokyo Midtown. When off-the-plan sales began in late 2013 the average sale price was 1,130,000 Yen/sqm.

There are currently just 2 apartments listed for sale with an average asking price of 1,800,000 Yen/sqm. The average resale price in 2017 has been around 1,625,000 Yen/sqm.

This was a top-floor unit and one of the largest in the building. It sold for approximately 20% more than its price when brand new.

Park Tower Shiba Koen (2012)
2-Bedroom
¥1,735,000
/sqm
$1,430
/sq ft
32 1.8%
A 24-storey high-rise located an 8 minute walk from Tokyo Tower. When off-the-plan sales began in late 2011 the average sale price was around 1,195,000 Yen/sqm.

The average sale price in 2017 has been around 1,510,000 Yen/sqm, up 1.3% from 2016 (1,490,000 Yen/sqm) and up 4.9% from 2015 (1,440,000 Yen/sqm).

This was a compact apartment on a high floor. It has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

The Parkhouse Nishiazabu Residence (2014)
3-Bedrooms
¥1,724,000
/sqm
$1,425
/sq ft
172 0.6%
A 24-storey high-rise located a 6 min walk from Hiroo Station and 12 min walk from Roppongi Station. When new, apartments were priced at around 1,300,000 Yen/sqm.

Current asking prices in this building range from 1,650,000 ~ 2,200,000 Yen/sqm, with an average price of 1,860,000 Yen/sqm. There were 8 apartments listed for sale as at November 2017. Half of those have been on the market for 12 months or more.

The average resale price in this building in 2017 has been around 1,615,000 Yen/sqm, up 12.5% from 2016 (1,435,000 Yen/sqm) and up 5.2% from 2015 (1,535,000 Yen/sqm).

This was a spacious apartment on a mid floor. It has been the second most expensive reported resale on a price-per-square-meter basis in this building to date.

Wellith Roppongi (2014)
2-Bedrooms
¥1,483,000
/sqm
$1,225
/sq ft
88 2.1%
A 17-storey building located just around the corner from Roppongi’s main bar/club street and a 10 minute walk to Roppongi Hills. When apartments were sold by the developer in 2013 ~ 2014, the average price was around 1,240,000 Yen/sqm. The average current asking price is around 1,510,000 Yen/sqm.

The average resale price to date in 2017 is around 1,455,000 Yen/sqm, down 15.4% from 2016 (1,719,000 Yen/sqm) but up 2.6% from 2015 (1,418,000 Yen/sqm).

This apartment was on a mid floor and sold for approximately 22% more than its price when brand new.

The Parkhouse Shinjuku Tower (2012)
2-Bedroom
¥1,227,000
/sqm
$1,015
/sq ft
28 1.8%
A 20-storey apartment building located a 15 minute walk from Shinjuku Station. When new, apartments had an average price of around 950,000 Yen/sqm.

The current average asking price in this building is around 1,200,000 Yen/sqm. The average resale price to date in 2017 has been around 1,160,000 Yen/sqm, down 1.7% from 2016 (1,180,000 Yen/sqm) and down 1.7% from 2015 (1,180,000 Yen/sqm).

This was a compact apartment on a mid-floor. It sold for approximately 39% more than an identical apartment a few floors up sold for in 2013.

Kachidoki The Tower (2016)
2-Bedrooms
¥944,000
/sqm
$780
/sq ft
 28 0%
A 53-story, 1,420-unit apartment building located on a man-made island in Tokyo bay. Construction was completed in December 2016. Since then, 190 apartments have already appeared on the re-sale market, representing 13% of the building. As at the end of November 2017, there were 40 apartments listed for sale (down from 39 listings at the end of the previous month) with an average asking price of 1,115,000 Yen/sqm.

There have been 59 reported re-sales to date in 2017 with an average sale price of 1,030,000 Yen/sqm.

This apartment sold for approximately 1.7% more than its price when sold off-the-plan.

The Parkhouse Harumi Towers Tiaro Residence (2016)
2-Bedrooms
¥890,000
/sqm
$735
/sq ft
66 0%
Part of a two-tower complex including the Krono Residence (2013) and Tiaro Residence (2016).

There were 34 apartments listed for sale in this building as at the end of November, down from 38 listings in October. The average asking price was 1,115,000 Yen/sqm. The average resale price to date in 2017 is around 980,000 Yen/sqm, down 2% from 2016 (1,000,000 Yen/sqm).

This was a west-facing apartment on a mid-floor. It sold for approximately 6% more than its price when brand new.

 

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.
  • Show Foto 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 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: 112.59 Yen).