The sale of an apartment for $ 67 million reveals a look at the world of luxury real estate in Japan

In an indication of the high cost of purchasing luxury real estate in the Wealthy Market for the Japanese capital, a luxury apartment “Benthaus”, in Tokyo developed by the Swedish acquisition company “Eqt AB” for about 9.5 billion Yen ($ 67 million). The four -bedroom apartment is located in a luxury project with a low height called “Marq Omotesando One”, near the active shop neighborhood Harajuku. It was sold for over 50 million yen per “Tsopo”, which according to this scale is the highest registered price in Japan, according to “E QT” in a statement. TSOPEU is a Japanese measurement unit equivalent to 3.3 square meters, which means that the selling price has reached about 9.5 billion yen for an area of ​​more than 625 square meters, according to the “Bloomberg” accounts. The luxury apartment extends completely through the fourth floor of the building, and contains the “spa” room for care and relaxation, three balconies and a special surface with a pool. The apartment can be obtained via a special lift from the private parking lot, and the available services contain a entertainment service and luxury help around the clock, as well as car class service. Despite the lack of disclosure of the buyer’s identity, a glimpse of the world of luxury real estate is, but this price reflects a look at the world of luxury real estate in Japan. The high real estate in Tokyo has become more frequent over the past year, as developers try to meet the growing demand for local buyers and foreigners looking for higher returns. These units are often offered to specific customers for sale, while the price of prices is maintained. Home prices in Tokyo see a general increase, powered by increasing construction costs and a lack of offering to new buildings. Luxury real estate sales in famous projects, such as “Aman Residences” in “Azabodi Hills” and “Mita Garden Hills”, contributed to raising average prices. E QT developed the 14 -unit building, completed the construction in 2021 and then started selling apartments in phases. One unit is still for sale. The price of “Tsopo” for that luxury apartment has the price in which an apartment was sold last year in the “Aman” project in the “Azabdai Hills” area, which was 44 million yen per “Tsopo”, and the apartment remains the most expensive in Japan, at a approximate price of 30 billion yen. According to the real estate consulting company “Knight Frank”, the prices of luxury real estate – classified below the highest 5% of the market – increased by 50% during the five years to June 2024, while cities such as Hong Kong, New York and London had a decline in real estate values. Despite this increase, Tokyo is still a relatively good deal, as a million dollars can buy a luxury living space that is more than twice as much as it can be purchased in Hong Kong in 2024, according to “Knight Frank” data.