The following is a selection of apartments that were reported to have sold in central Tokyo during the month of August 2019:
The Parkhouse Gran Minami Aoyama (2016) $2,500 / sq ft
A luxury low-rise apartment building in the heart of Omotesando. The Average price when new was around 2,300,000 Yen/sqm. There are currently just 4 sales listings in the 101-unit building with an average asking price of 3,600,000 Yen/sqm. 3 of the 4 units are leased to tenants with gross yields ranging from 2.7 ~ 3%. This has been the highest reported resale in this building on a price per square meter basis to date
The Parhouse Gran Minami Aoyama 4- Chrome (2018) $2,300 /sq ft
A recently completed luxury condo located an 8 minute walk from Omotesando Station. Sales were held entirely off-market, with no public advertising. All apartments sold out prior to completion. There are currently 5 sale listings in the 36 unit building with an average asking price of 2,300,000 Yen/sqm. This has been the 3rd reported resale in this building and the most expensive on a price-per-square-meter basis.
Wellith Ginza 2 Chrome (2015) $2,070 /sq ft
A 14 storey condominium located 600 meters from the Ginza 4 Chrome Crossing. When new, apartments had an average price of around 1,920,000 Yen/sqm. This apartment sold for 2.6% less than an identical apartment a few floors down sold for in 2017, but 9%+ more than its price when brand new.
The Roppongi Tokyo (2011) $1,990 / sq ft
A 39 storey high rise in Roppongi neighbourhood with concierge, gym, guest suite and resident lounge. The average resale price to date in 2019 is around 2,120,000 Yen / sqm, up 1.0% from 2018 (2,100,000 Yen / sqm), and up 8.2% from 2017 (1,960,000 Yen / sqm). This has been the 4th most expensive reported resale in this building on a price per square meter basis to date.
Sales evidence sourced via Japan Property Central originally supplied to REINS by agents.
If you would like more information about the above data including the disclaimer, more sales evidence or other Tokyo sales, email or phone Zoe Ward from Japan Property Central via the contact details below.
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