In this installment in the “what can you buy” series, we feature properties with a listing price of about ¥75,000,000 ($706,000). This is a price point to keep in mind if you are looking to buy property in the Tokyo 23 Wards because the average actual sales price of an apartment in the first half of this year was ¥75,142,500.
For more on sales prices this year, please see: What is the sales price of an apartment in Tokyo in 2019?
After the examples, we give answers to FAQs about buying property in Japan as a foreigner.
Let’s look at a few examples of what’s currently on the market.
Renovated Apartment in Ebisu – Prime, ex-pat central neighborhood
Location: 3-min walk to Ebisu Station on the JR Yamanote line. Ebisu is a relaxed but upscale neighborhood in central Tokyo known for Yebisu Garden Place, a high-end shopping and dining complex. One-stop north on the Yamanote line is Shibuya, one-stop south is Meguro. Ebisu is popular with ex-pats and is regularly voted by locals as among best places to live in Tokyo
For more on Ebisu, please see the Living in Ebisu guide.
Property Details
Price: ¥73,800,000 ($694,000 USD)
Size and Layout: 52.72 m² (559-sqft) 1BR (2DK)
Floors: 7th-floor in 9-story building
Land rights: Freehold
Year Built: 1996, recently renovated
Repair Reserve Fund: ¥12,340
Notes: Prime location in central Tokyo, all western-style rooms
Renovated Apartment in Tsukiji – Sunny and Spacious
Location: 5-min walk from Tsukiji Station and 8-min walk to Higashi Ginza on the Hibiya line. Easy direct access to Roppongi, Hibiya, Ginza and Ueno. Tsukiji was formerly home to the world-famous Tsukiji Market, which was moved to Toyosu in October 2018. The area still has many excellent sushi restaurants and izakaya and is just east of the high-end shopping district of Ginza. St. Luke’s International Hospital, one of Tokyo’s largest and most comprehensive medical care facilities (with English-speaking staff), is also located in Tsukiji.
Price: ¥67,800,000 ($637,000 USD)
Size and Layout: 72.21 m² (775-sqft) 3BR (3LDK)
Floors: 7th-floor in 13-story building
Land rights: Freehold
Year Built: 1999, renovated in May 2019
Monthly Maintenance Fee: ¥15,330
Notes: Sunny and spacious south-facing unit.
Renovated Apartment in Roppongi – Renovated in March 2019
Location: 3-min walk from Roppongi Itchome Station on the Tokyo Metro Namboku Line, 5-min walk to Tameike Sanno Station, 7-min walk to Akasaka Station.
Excellent location in the heart of Tokyo, minutes to the ARK Hills building and Intercontinental ANA Tokyo Hotel.
For more on the many sides of living Roppongi, please see the Roppongi Living Guide
Property Details
Price: ¥67,800,000 ($637,000 USD)
Size and Layout: 53.64 m² (577-sqft) 2BR (2LDK)
Floors: 5th-floor in 10-story building
Land rights: Freehold
Year Built: 1983, renovated in May 2019
Monthly Maintenance Fee: ¥22,340
Notes: Excellent location, recently renovated
Examples of Single-Family Homes
If you are looking for a single-family home, rather than an apartment, here are some examples that are in the range of a ¥75 million budget.
New House for Sale in Setagaya Ward – Built in 2019
Location: 6-min walk from Shimo Takaido Station on the Tokyu Setagaya and Keio Lines in Setagaya Ward, about a 15-minute direct ride to Shinjuku.
Setagaya is a western ward of Tokyo, bordered by Suginami Ward to the north, Shibuya and Meguro Wards to the east, the city of Kawasaki to the south, and the cities of Komae and Chofu to the west.
Setagaya is where many families settle when they want to live in a single-family home and to have green spaces nearby for the kids. Proximity to the Tokyo American School, located in Chofu, is another reason that many ex-pat families settle in here. Please see this page for a full list of properties for sale in Setagaya.
Property Details
Price: ¥78,800,000 ($741,000 USD)
Size and Layout: 115.99 m² (1,237-sqft) 3BR (3LDK)
Floors: 2-story single-family home
Land rights: Freehold
Year Built: 2019
Notes: Sunny spacious home, covered parking space, all western-style rooms
New House for Sale in Meguro – Built in 2019
Location: 15-min walk from Meguro Station on the JR Yamanote line, in the 4-chome block of Meguro, about a 10-min walk to the Meguro River.
Meguro offers a relaxed atmosphere in a central location, abundance of green space, cherry blossoms along the Meguro River, designer boutiques, and artistic character.
From Meguro station on the Yamanote line:
— 12 minute direct ride to Shinjuku
— 5 minute direct ride to Shibuya
— 18 minute direct ride to Tokyo
For more on Meguro, please see the Meguro Area Guide.
Property Details
Price: ¥72,800,000 ($684,000 USD)
Size and Layout: 106.83 m² (1,140-sqft) 3BR (3LDK)
Floors: 4-story single-family home
Land rights: Freehold
Year Built: 2019
Notes: New construction, covered parking space, all western-style rooms
FAQs About Buying Property in Japan
Can a foreigner buy property in Japan?
Yes. You can buy property in Japan regardless of your nationality or country of origin. There are also no residency requirements for buying real estate in Japan. Securing financing as a resident foreigner is more complicated. For info on financing, please see “Basic Requirements for Getting a Mortgage as a Foreigner in Japan“.
How do I get a property loan as a foreigner in Japan?
Please see this article for information on: Getting a property loan as a foreigner in Japan
What is the process for buying a property in Japan?
Please see our step-by-step guide: Guide to Property in Japan
See how much you can borrow and your monthly payments in yen: Yen Mortgage Loan Calculator
For information about purchase and brokerage fees: Breakdown of real estate purchase fees and taxes in Japan
Need to know: Earthquake building codes and technology in Japan
Bilingual Real Estate Agent in Tokyo Answers Your FAQs on Buying and Managing an Investment Property
How much is my property worth?
Real Estate Japan is pleased to offer free, no obligation appraisals for owners of property in Japan. Please click here and fill out the form: How much is my property worth?
7 situations when you should consider selling your investment property in Japan
Seminars on Buying Property in Japan
Please see our seminar page for a current list of seminars on: how to buy a home in Japan, investing in Japanese real estate for beginners, how to apply for permanent residency in Japan, how to sell property in Japan, and much more.