Japan Has World’s Most Expensive One-Bedroom Apartment

The world’s most expensive one-bedroom condominium in the world is on sale in Tokyo with a price tag of Y1.8 billion (£14.72 million).

Sotheby’s Japan has set a price tag for the world’s most expensive one-bedroom property at $27.6 million. Photo: Japan Sotheby’s International Realty

The apartment is situated in one of Japan’s most prestigious regions known as Minamiazabu, in Minato-ku, Tokyo.

The House Minami-Azabu is spread over more than 4,430 square feet of a condominium building and is being sold by Japan Sotheby’s International Realty. 1 square foot of the property costs £3,320.33.

It took the owner of the penthouse apartment – who is identified only as a successful businessman –18 months to refurbish completely the property from a four-bedroom family home.

The price for the one-bedroom apartment, which was rented for $64,500 a month, is explained rare and imported art pieces and furniture from around the world with which the property is furnished by.

Almost all the furniture was custom designed by Ceccotti Collezioni and the living room has an original art piece by Hiroshi Senju which was painted on site, writes News.com.

The dining room was exclusively designed for dinner parties in the special Japanes “Ryotei” syle where the guests can be served directly from the gourmet kitchen.

The only bedroom in the house is of a huge space and boasts an extremely luxurious bathroom with hot tub and a 60 inch television.

For a one-bedroom apartment, this one is far from small. It also includes an entrance corridor with a storage unit for 200 pairs of shoes, a Parisian-style terrace, a full bath and 2 partial baths and a fully-enclosed courtyard garden.

“We have been quite surprised at the interest that has been shown in the property so far,” Mika Takemura, of Sotheby’s, told reporters.

“We did not think we would get many inquiries at that price or with only one bedroom, but there have been several couples who have inquired about it,” she said, adding that businessmen who have to spend a couple of months in Japan every year are also interested in the offer.

Japan Sotheby’s refused to name the interested parties but Takemura said that they include “famous people in the business world”.

According to The Telegraph, the owner of the world’s most expensive apartment is currently selling off two more exclusive properties.

A three-bedroom family home on the beach at Hayama, which is not too far from Tokyo and the summer residence of the Imperial Family, and the price tag are set at Y1.3 billion (£10.63 million) and Y550 million (£4.5 million) respectively.

However, Japan Sotheby’s spokesperson revealed that the businessman is ready for negotiations considering the price of the Minami-Azabu and Hayama properties if they are purchased together.

To compare prices for not such luxurious apartments, a town on the most northerly Japanese island of Hokkaido is selling plots of land for pocket change.

The local authority of Yuni is selling 1 square meter (10.76 square feet) of building land for just Y120 (98p). In Tokyo, the same piece of land goes for an average of Y309,000 (£2,527).

Still, The $64,500 rental Tokyo apartment may seem paltry when compared to the $135,000 rental at the Waldorf in NYC but it sure is much better than a capsule hotel.

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