Tall & Urban News

Penthouse at Tokyo Complex could be Among Japan’s Most Expensive Sales

06 March 2019 | Tokyo, Japan

A penthouse in Toranomon is rumored to have sold off-the-plan for 5 billion Yen (US$45 million), making it potentially one of the most expensive apartments to have sold in Japan.

The majority of high-end residential sales of this nature in Japan are conducted entirely off-market with no public advertising or public reporting of transactions. Listings are only provided directly to potential buyers through their agents.

The penthouse is located atop a 65-story, 330-meter-tall skyscraper that is part of the Toranomon-Azabudai District redevelopment. The sale was said to have been reported in an unnamed trade journal. The skyscraper will be Japan’s tallest building when it is completed in 2022, and just two meters short of the nearby Tokyo Tower. It will be eclipsed by a 390-meter-tall office tower due for completion near Tokyo Station in 2027.

The as-yet-unnamed tower will have 80 apartments on floors 56–65, with the smallest apartment sized at a generous 125 square meters (1,345 square feet). The penthouse apartment is said to be over 1,000 square meters (10,760 square feet), which is possibly the largest single apartment to have been built in the country.

The Toranomon-Azabudai District redevelopment also includes several other buildings including two 270 meters and 240 meters tall towers. In total, 1,300 apartments are planned for the 8.3-hectare site.

For more on this story, go to Japan Property Central.