Park Court Akasaka Hinokicho The Tower 19F


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250,000,000 Yen
(3,731,000 Yen/sqm)
1 Bedroom + Study + 1 Bathroom, 67.01 sqm
Akasaka, Minato-ku, Tokyo
 ABOUT

Park Court Akasaka Hinokicho The Tower is a brand new 44-storey high-rise apartment tower located adjacent to the Tokyo Midtown complex in central Tokyo. Construction was completed in February 2018, with apartments to be delivered to buyers from April 2018 onwards.

The Kengo Kuma-designed luxury residence includes a front desk with concierge service, a gym (a rarity in most condominiums), view lounge and party room. Car parking is very limited in this building, with just 103 spaces for the 322 apartments. Only 13 of those spaces are flat parking, while the rest are machine parking.

This is a 2 Bedroom corner apartment on the 19th floor. It is north facing and located on the opposite side of the building to Tokyo Midtown and does not have park views. It includes a balcony, floor-to-ceiling glass windows, open-plan kitchen, floor heating in the living/dining and master bedroom, and a storage closet. The apartment has never been occupied.

The estimated market rent for this apartment is approximately 540,000 Yen/month, which could result in a potential gross yield of around 2.59% (Note: Estimated rent and gross yield is provided as a general guide only and is not a guarantee of actual achievable rent now or in the future).

The building is managed by Mitsui Fudosan Residential Service. On-site car parking may be rented separately if required from 50,000 ~ 78,000 Yen/month (subject to availability; no spaces currently available).

Park Court Akasaka Hinokicho The Tower 36F 2-Bed

268,000,000 Yen
(3,444,000 Yen/sqm)
2 Bedrooms + 1 Bathroom, 77.82 sqm
Akasaka, Minato-ku, Tokyo
 ABOUT

Park Court Akasaka Hinokicho The Tower is a brand new 44-storey high-rise apartment tower located adjacent to the Tokyo Midtown complex in central Tokyo. Construction was completed in February 2018, with apartments to be delivered to buyers from April 2018 onwards.

The Kengo Kuma-designed luxury residence includes a front desk with concierge service, a gym (a rarity in most condominiums), view lounge and party room. Car parking is very limited in this building, with just 103 spaces for the 322 apartments. Only 13 of those spaces are flat parking, while the rest are machine parking.

This is a 2 Bedroom apartment on the 36th floor. It is south-east facing and has views towards Tokyo Midtown, Hinokicho Park and Tokyo Tower. It includes a full-width balcony, open-plan kitchen, master bedroom with walk-in closet, storage closet, and tile flooring.

The estimated market rent for this apartment is approximately 650,000 ~ 680,000 Yen/month, which could result in a potential gross yield of around 2.6 ~ 2.7% (Note: Estimated rent and gross yield is provided as a general guide only and is not a guarantee of actual achievable rent now or in the future).

Park Court Akasaka Hinokicho The Tower 36F


Property details on this listing in Park Court Akasaka Hinokicho The Tower are available to members only. To become a member of this site, please register your details here

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319,000,000 Yen
(4,169,000 Yen/sqm)
2 Bedrooms + 1 Bathroom, 76.52 sqm
Akasaka, Minato-ku, Tokyo
 ABOUT

Park Court Akasaka Hinokicho The Tower is a brand new 44-storey high-rise apartment tower located adjacent to the Tokyo Midtown complex in central Tokyo. Construction was completed in February 2018, with apartments to be delivered to buyers from April 2018 onwards.

The Kengo Kuma-designed luxury residence includes a front desk with concierge service, a gym (a rarity in most condominiums), view lounge and party room. Car parking is very limited in this building, with just 103 spaces for the 322 apartments. Only 13 of those spaces are flat parking, while the rest are machine parking.

This is a 2 Bedroom apartment on the 36th floor. It is south-west facing and has views towards Roppongi Hills, the National Art Center and Mt. Fuji on a clear day. It includes a full-width balcony and a master bedroom with walk-in closet. There is floor heating in the living/dining, both bedrooms and bathroom.

Park Court Akasaka Hinokicho The Tower

Average price: 3,000,000 ~ 5,000,000 Yen/sqm
Size range: 35 ~ 203 sqm (377 ~ 2,184 sq.ft)

Area: Akasaka, Minato-ku

 CURRENT SALE LISTINGS
 ABOUT

Park Court Akasaka Hinokicho The Tower is a 170m tall, 44-storey apartment tower completed in February 2018 and with apartments delivered to buyers from late April 2018. The building was designed by award winning architect Kengo Kuma.

The luxury residential tower is located on the northern side of Tokyo Midtown (a mixed-use development containing a 248m tall office tower, retail, restaurants, the Ritz Carlton Hotel, and rental apartments) and will be connected to Midtown’s outdoor area via a green bridge located behind 21_21 Design Sight.

All apartments initially offered for sale in the first round of off-the-plan sales held in November 2015 sold out over one weekend, making the building 93% sold. Over 1,000 bookings were made to visit the sales office’s showroom in the lead up to the first round of sales.

When new, prices started from 155.6 million Yen for a 57 sqm (613 sq.ft) 1-Bedroom unit, up to 1.5 billion Yen for a 203 sqm (2,184 sq.ft), 3-Bedroom penthouse apartment. With a price of 7,354,000 Yen/sqm (5,500 USD/sq.ft), Only the 203 sqm penthouse unit has two full bathrooms, while the rest of the apartments in the building have 1 bathroom each.

Of the 322 apartments in total, only 163 were initially available for purchase, with the remainder going to original landholders (125 units) and participants of the developer (34 units). The remaining 11 apartments were made available for sale at a later date. These included several ‘premium floor’ apartments, which are 3-Bed, 1-Bath units, which were said to be priced at over 500 million Yen each.

The building features a front desk with concierge service, a gym (a rarity in most condominiums), rooftop deck, view lounge and party room. Car parking is very limited in this building, with just 103 spaces for the 322 apartments. Only 13 of those spaces are flat parking, while the rest are machine parking.

Park Court Akasaka Hinokicho The Tower sells-out despite record-high pricing

Park Court Akasaka Hinokicho The Tower 1

All apartments initially offered for sale in the Kengo Kuma-designed Park Court Akasaka Hinokicho The Tower, currently under construction near Tokyo Midtown, have sold out during the first stage of sales held over the past weekend. The building is now 93% sold. Over 1,000 bookings were made to visit the sales office’s showroom in the lead up to the first round of sales.

Prices started from 155.6 million Yen (1.26 million USD) for a 57 sqm (613 sq.ft) 1-Bedroom unit, up to 1.5 billion Yen (12.2 million USD) for a 203 sqm (2,184 sq.ft), 3-Bedroom penthouse apartment. With a price of 7,354,000 Yen/sqm (5,500 USD/sq.ft), the 203 sqm apartment could possibly be the most expensive apartment to go on sale in Japan since the bubble era of the 1980s. Even penthouse apartments in Roppongi Hills have only reached 4 ~ 5 million Yen/sqm in recent years, while apartments in the Toranomon Hills complex are around 4 million Yen/sqm. Despite the strong pricing in the building, only the 203 sqm penthouse unit has two full bathrooms, while the rest of the apartments in the building have 1 bathroom each.

Details of Akasaka’s 44-storey condominium announced

Details on Park Court Akasaka Hinokicho The Tower (previously the Akasaka 9 Chome Tower Project) have just been released. The 170m tall, 44-storey condominium, which was designed by Nikken and famed architect Kengo Kuma, is currently under construction on the northern side of Tokyo Midtown.

The high-rise will contain 322 apartments, of which just 163 (50%) will be available for sale. The remainder will go to landholders and participants of the development. The two and three-bedroom apartments will range in size from 57.61 ~ 203.96 sqm (620 ~ 2,195 sq ft). Layouts are cleverly designed and do not contain any windowless bedrooms that you may find in cheaper developments. The largest apartment, a 203 sqm penthouse, includes two full bathrooms, while the rest of the apartments have 1 bathroom.

Sales will begin in September October November 2015 . Prices have yet to be announced, but with apartments in other recent high-rises in Akasaka selling for around 2,000,000 Yen/sqm, it is likely that we will see comparative pricing in this new project. There have been rumours that apartments could be priced as high as 3,000,000 Yen/sqm.

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