Average price: 2,680,000 Yen/sqm (2,035 USD/sq.ft)
*Update: This building has sold out as of September 2016*
Chiyoda’s Bancho area is about to see another record-setting condominium go on sale next month. Branz The House Ichibancho is currently under construction in Ichibancho. The second round of sales is scheduled to start in early December. 5 apartments will be offered for sale, ranging in price from 275 ~ 540 million Yen (2.25 ~ 4.41 million USD). Prices per square meter will range from 2,257,000 ~ 3,084,000 Yen (1,700 ~ 2,325 USD/sq.ft).
The 3-Bedroom apartments range in size from 121 ~ 175 sqm (1,302 ~ 1,883 sq.ft). Despite the large size and the high price, the apartments only have 1 bathroom each, with no bathroom for the master bedroom. It is quite common for condominiums in Japan to have only one bathroom as developers continue to build for the domestic market only.
The 12-storey building will contain 56 apartments, of which 48 will be offered for sale. Completion is scheduled for November 2016, with apartments ready for delivery to buyers from the end of January 2017.