Most Expensive House Sold In Japan
The real estate market of Japan is known for its high property prices, and this also includes the residential sector. In this article, we will explore the most expensive house in Japan and its luxurious features.
The most expensive house is known as the "Former Kintaro Hattori House (Hattori House)" sold at JPY 30.5 billion (USD 280m). It is a 1,340 sqm house on a sprawling 16,815 sqm block of prime freehold land in Minato-ku, Tokyo. On August 2014, Seiko Holdings sold the property to City Development Ltd (Singapore) after buying it in 2010 from Sanko Kigyo for around 21 billion Yen.
The 1,340 sqm mansion used to be the former residence of Seiko founder, Kintaro Hattori. It was built in 1933 and was allegedly where the Constitution of Japan was drafted. The 16,815 sq m parcel of land is located in the prestigious residential enclave of the Shirokane area in Tokyos Minato ward where numerous foreign embassies are situated and many multinational corporations are based.
Based on CDL Executive Chairman Kwek, We see potential to develop luxurious, high-end condominiums on this site and plan to conserve Mr Kintaro Hattoris former residence which has rich heritage and immense historical significance. We look forward to applying our expertise towards creating an iconic residential development.
Below are some history of the mansion
- The residence was designed by architect Teitaro Takahashi (1892 – 1970) and built by Obayashi Corporation in 1933. Takahashi designed a number of residences, hotels, and buildings including the Former Maeda Residence in Komaba Park (1928) and the Takashimaya Department Store in Nihonbashi (1933).
- The site area is 16,815 sqm and the Western-style building was widely known as 'Hattori House' after World War II when it was requisitioned by the General Headquarters of the Supreme Commander for the Allied Powers.
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The Hattori House is designated as an important cultural property of Japan. It was recognized for its unique architectural style, which combines elements of both Japanese and Western design.
- For one year from December 1945, it served as the residence of 10 prosecutors, including Chief Prosecutor Joseph Keenan, who was involved in the International Military Tribunal for the Far East (Tokyo Tribunal). It was conducted. During the translation work, barbed wire fences were set up around the mansion to maintain confidentiality, and the translators were confined inside the mansion.
- The Minato-ku region is known for high land prices in Tokyo and also topped the 2022 official land price ranking for residential properties with “1-14-11, Akasaka” in Minato-ku at 5 million yen per 1 square meter, making it the highest land price point for the 5th consecutive year, and its increase was 3.3% from 2021.
In contrast, the most expensive condo sold in Japan is the 6,241-square-foot penthouse at Park Mansion Hinokicho-Koen, which was rumored to be JPY5.5 billion (USD49.3 million) in April 2017. The seven-story development is adjacent to the landscaped oasis of Hinokicho Park, in one of central Tokyo’s most desirable neighborhoods
As one might expect with such an exceptional property price tag, it's not merely just about living space but also art pieces worth millions placed across its walls; all being said; This luxurious house is indeed unmatched in elegance and luxury compared to any other residential property in Japan
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