Property Sales and Price Evaluation in Roppongi

Roppongi property sales cover fundamentally different asset types, including luxury tower condominiums, ordinary condominium units, land and entire buildings. A single 'average Roppongi price' is therefore not an adequate basis for valuation. Japan's Ministry of Land, Infrastructure, Transport and Tourism provides the Real Estate Information Library, which includes anonymized transaction-price information and official land-price publications based on standard sites as of January 1 each year. Official land prices are land benchmarks and should not be confused with condominium unit sale prices, while transaction data are processed so that specific properties cannot easily be identified. Buyers of existing condominiums should review floor area, floor level, view, building age, management, repair reserves, long-term maintenance plans and land rights. Investors should additionally examine rent, vacancy, management charges and property taxes to estimate net performance. Any price figure should be used only with a clear statement of its date, geographic scope and statistical meaning.