Tokyo Land Prices in June

Based on current market prices, the average price of a 100sqm (1,076sqft) piece of land in Tokyo is as follows:

Setagaya-ku

Minato-ku (188 plots)
100sqm = 129,849,000 Yen

Shibuya-ku (306 plots)
100sqm = 98,725,000 Yen

Meguro-ku (296 plots)
100sqm = 73,834,000 Yen

Setagaya-ku (1,431 plots)
100sqm = 63,590,000 Yen

The above data is sourced from the Homes database of land currently for sale. This data is current for June 1, 2010.

Aoyama The Tower 22nd Floor Apartment For Sale

aoyama-the-tower-exterior1Aoyama The Tower 22nd Floor
298,000,000 Yen No longer available
140.83 sqm (1,516 sqft)

A 3-Bedroom apartment in the luxury Aoyama The Tower building has just been released onto the market. This corner unit is on the 2nd most highest floor and does not look over the Aoyama Cemetary (cemetary views can be a negative sales point for some).

This particular unit is currently rented, and the tenant is expected to move out in early July, 2010. The building was constructed by Takenaka Corporation who also built Akasaka Tower Residence, Tokyo Midtown and the Singapore Changi Airport Terminal 2 Renewal.

Park Mansion Mita Hyugazaka (Under Construction)

*Update: All 11 units that were initially offered for sale in May, 2010, sold within 9 days. As of late September, 2010, there are 4 unsold units remaining.

Located across the street from the Australian Embassy and the .

Hyugazaka is the name given to the slope between Mita 1 and 2 Chome.?In historical times, the Mita area was the location of Daimyo’s mansions (feudal rulers).

The Roppongi Tokyo Club Residence (Under Construction)

A new luxury apartment building is under construction in Roppongi, Tokyo.

The Roppongi Tokyo Club Residence has all the features of a hotel, such as concierge service, room service, catering, masseur, valet parking, porter and more. Just 5 minutes walk to Roppongi Hills and Tokyo Midtown.

The first stage of sales will begin on July 17th, 2010, with 92 units available for purchase.   Over 600 people visited the showroom, with most interested buyers having a budget of around 150,000,000 JPY.  Given the prime central Tokyo location, and its celebrity appeal, the developers are expecting the units to be sold out on the same day. In fact, all of the penthouse units received purchase applications in the first week of sales.

Celeb’s apartment for sale?

Aoyama The Tower

Aoyama The Tower 11F
3-Bedroom, 110.25sqm
SOLD

While not confirmed, this apartment is rumored to be the former home of Japanese singer/actress Noriko Sakai () who was arrested on drug charges in 2009. The description below is similar to the apartment currently for sale on the 11th floor.

The House Minamiazabu 4F

Two apartments have recently been put up for sale in The House Minamiazabu.

2-Bedroom, 106.28sqm, 198 166 million Yen

3-Bedroom, 126.05sqm, 275 million Yen

*No longer on the market*

Kodansha Theory Magazine ranked The House Minamiazabu as the best apartment complex in Minato-ku, and the Minamiazabu area as the number one neighborhood in Japan.

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