It's called 'The House' and it's located in a prestigious neighborhood in Tokyo called Minami-Azabu. What's astounding is that there's a one-bedroom apartment listed at 1.8 billion yen or $21.8 million USD. It's a 4,434 square foot home at an unbelievable $4,920.75 per square foot. For these insane prices, one would usually be looking at homes and mansions, not a one-bedroom apartment.
Most of the furniture is custom designed by Cecotti Collezioni and the walls, flooring and doors are all imported from Italy. 'The House' also comes with famous original Japanese artwork, which was painted on site.
All the rooms are enormous and there's even a Habachi-style kitchen where you can serve guests with a show. The terraces and courtyards are a private escape haven overlooking a park. For your clothes, there's a massive walk-in closet and a place to store 200 pairs of shoes.
For $21.8 million, you can decide if 'The House' is suitable for you.
$21-Million Apartments
'The House' in Tokyo is the World's Most Expensive One-Bedroom Apartment
Trend Themes
1. Luxury One-bedroom Apartments - Opportunities for high-end real estate developers to enter the niche market of luxury one-bedroom apartments with custom designs and imported materials.
2. High-end Interior Design - Opportunities for premium interior designers and luxury furniture manufacturers to target high-end real estate buyers requiring custom design and furniture for their luxury homes.
3. Private Outdoor Spaces - Opportunities for high-end real estate developers to create private outdoor spaces for residents of luxury apartments, as outdoor space can be a rare luxury in crowded urban areas.
Industry Implications
1. Real Estate - The luxury real estate industry has potential for growth in niche markets focused on high-end one-bedroom apartments.
2. Interior Design - The high-end interior design and luxury furniture industries have significant potential for growth as they target discerning clients looking for custom design and imported materials for their luxury homes.
3. Construction - The construction industry can capitalize on the demand for high-end apartments by providing quality materials and expert building techniques to ensure high standards associated with luxury properties.