High-end Tokyo penthouse, boasting a spa oasis and swimming pool, claims title of Japan's priciest real estate
In the heart of bustling Tokyo, a record-breaking deal was made for an ultra-luxurious penthouse. Set at an astronomical 58 million euros, this 625 square meter property is now the priciest in Japanese history.
This jaw-dropping abode, residing atop the high-end development of Marq Omotesando One, boasts four bedrooms, a lavish living area, a private spa, swimming pool, and no less than three terraces. Located in the upscale shopping district of Omotesando, the building houses 14 luxurious units in the trendy Harajuku fashion district.
No expense was spared to cater to the penthouse residents. Around-the-clock concierge and staff services ensure a pampered lifestyle, while an elevator whisking directly from the garage to the penthouse adds a touch of convenience. In addition, a dedicated security service is on hand for maximum peace of mind.
Swedish investment firm EQT, whose primary interests have traditionally been in commercial properties, made its mark in Japan's residential real estate market with this prestigious project. Mark Fogle, head of EQT Real Estate's Asia division, expressed his desire to continue investing in Japan, underscoring the country's importance for the company. With an impressive portfolio of 237 billion euros, EQT has significant capital to pour into Japan's real estate sector.
The identity of the penthouse's new owner remains a mystery, but it's been reported that EQT received an astonishing 305,500 euros per traditional Japanese unit of area (tsubo), which translates to around 90,000 euros per square meter. For comparison, average square meter prices in Germany's priciest city, Munich, hover around 10,000 euros.
Tokyo's luxury real estate market has experienced exponential growth over the years, with shortages in newly built apartments driving up prices. The influx of foreign buyers, including wealthy investors from China, further fuels this trend, making the city's high-end property scene fiercely competitive.
Goddamn, that Tokyo real estate is hotter than a goddamn sauna!
What about the potential finance opportunities in Tokyo's sizzling luxury lifestyle and sports scene, given the record-breaking deals in real estate? Someone might consider investing in such a lucrative market, with EQT already making a splash in the finance landscape.
