Tokyo Apartment Sales in June 2019

Ebisu Garden Terrace

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of June 2019:

BuildingSold Price
(Yen/sqm)
(USD/sq.ft)Days ListedDiscount
 
Park Court Akasaka Hinokicho The Tower (2018)
2-Bedroom
¥4,076,000
/sqm
$3,510
/sq ft
1021.2%

A luxury high-rise apartment building adjoining Tokyo Midtown. When off-the-plan apartment sales began in late 2015, there were an average of 1.9 buyers per apartment. The building was designed by Kengo Kuma and features concierge, gym, roof deck, and various resident lounges and function rooms. There are currently 6 sale listings in the 322-unit building, down from 10 listings as at the end of January. The average asking price is 3,720,000 Yen/sqm. The average resale price to date in 2019 is around 3,600,000 Yen/sqm, up 7.3% from 2018 (3,354,000 Yen/sqm). This apartment was on a high floor with park views. It has been the highest reported resale in this building on a price-per-square-meter basis to date.

 
Park Court Nogizaka The Tower (2019)
3-Bedroom
¥2,961,000
/sqm
$2,550
/sq ft
1440%

Park Court Nogizaka The Tower is a 25-storey apartment building located near Nogizaka Station and Aoyama Cemetery. This was the redevelopment of an older, low-rise apartment building dating from 1978. When new, apartments had an average price of around 2,400,000 Yen/sqm. There are currently 10 resales in the 88-unit building with an average asking price of 2,475,000 Yen/sqm. This was a spacious corner apartment on a high floor. It has been the only reported resale in this building.

 
Terrace Shibuya Mitake (2012)
1-Bedroom
¥2,200,000
/sqm
$1,895
/sq ft
1074.5%

Terrace Shibuya Mitake is 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 this building over the past 12 months. This was a corner 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.

 
Park Court Chiyoda Fujimi The Tower (2014)
1-Bedroom
¥2,172,000
/sqm
$1,870
/sq ft
171.4%

Park Court Chiyoda Fujimi The Tower is a 40-storey apartment building located close to Iidabashi Station in Chiyoda-ku. When sales began in late 2012 the average price of a new unit was around 1,435,000 Yen/sqm. The entire building had sold out by early 2013, 12 months prior to completion. Despite having 505 units, there are currently no sale listings in this building. This was a north-facing 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.

 
Akasaka Tower Residence Top of the Hill (2008)
2-Bedroom
¥2,146,000
/sqm
$1,850
/sq ft
330%

A 45-storey luxury apartment building with concierge, rooftop deck and cafe, library, lounges and guest suites.  Despite having 521 apartments in the building, only 12 were available for sale as at the end of June 2019. The current asking price in this building is around 2,250,000 Yen/sqm. The average resale price to date in 2019 is around 2,155,000 Yen/sqm, up 1.7% from 2018 (2,119,000 Yen/sqm) and up 12.5% from 2017 (1,915,000 Yen/sqm). This was a corner apartment on a high floor. It sold tenanted with a gross yield of around 3.3%. It sold for 45% more than it previously traded for in 2012.

 
Ebisu Garden Terrace Ichibankan (1994)
2-Bedroom
¥1,959,000
/sqm
$1,690
/sq ft
61.2%

A 32-story apartment building that forms part of the Ebisu Garden Place complex (a large mixed-use development including office, restaurants and the Westin Hotel). Despite the age of the buildings, apartments in Ebisu Garden Terrace have been trading at high prices. There are currently just 2 sale listings in the 290-unit building, with asking prices ranging from 1,805,000 ~ 2,055,000 Yen/sqm. The average resale price to date in 2019 is around 1,840,000 Yen/sqm. Back in 2013 the average sale price was around 1,130,000 Yen/sqm. This was a corner apartment on a low floor. It sold for 51% more than a similar sized apartment on the same floor sold for in 2012.

 

 
Premist Akasaka Hinokicho-koen (2013)
3-Bedroom
¥1,447,000
/sqm
$1,245
/sq ft
290%

Premist Akasaka Hinokicho-koen is a low-rise apartment building located across the street from an elementary school and a 4 minute walk from Hinokicho Park. When new, apartments had an average price of around 1,167,000 Yen/sqm. There are currently 6 sale listings in this building with an average asking price of 1,315,000 Yen/sqm. The average resale price in this building over the past 3 years is around 1,300,000 Yen/sqm. This apartment sold for 14% more than an identical apartment a few floors up sold for in late 2017 and has been the most expensive reported resale in this building on a price-per-square-meter basis to date.

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: 107.90 Yen).