Style Act Co., Ltd. (formerly Attractors Lab) published their ranking of Japan’s top developers by resale value. In top place for the fourth year in a row was Marubeni with an average resale price of 1.6% lower than new. The average resale value across all developers was -10.0%.

The data is based on the average difference in the advertised price of an apartment in 2013 vs. the average price of new apartments built from 2001 onwards. Over 38,000 apartments were used in compiling the data.

Top developers by resale values:

Rank Developer % Change in value
1 Marubeni -1.6%
2 Tokyu Land -2.1%
3 Itochu -2.3%
4 Taisei Yurakucho -3.5%
5 Mitsui Fudosan Residential -3.9%
6 Nomura Real Estate -4.0%
7 Tokyo Tatemono -4.0%
8 Mitsubishi Jisho Residence -5.0%
9 Gold Crest -5.1%
10 Sumitomo Realty & Development -5.2%
18 Sekisui House -7.9%
30 Daikyo -12.6%
35 Aoyama Mainland -14.5%
43 Clearth Life -17.8%

Data was also ranked by the apartment brands, with the Famille brand by Marubeni in top spot with an average resale price of 0.7% higher than when new.

Top apartment brands by resale values:

Rank Brand Developer % Change in value
1 Famille Marubeni +0.7%
2 Als Tokyu Land -2.4%
3 Grand Suite Marubeni -2.8%
4 Brillia Tokyo Tatemono -3.1%
5 Proud Nomura Real Estate -3.5%
6 Park Homes Mitsui Fudosan Residential -4.2%
7 Park House Mitsubishi Jisho Residence -4.3%
8 J-Park Joint Corporation -4.9%
9 Ober Taisei Corporation -5.0%
10 Branz Tokyu Land -5.2%
12 Livio Nippon Steel Kowa Real Estate -5.7%
18 Grande Maison Sekisui House -7.5%
19 City House Sumitomo Realty -8.2%
26 Lions Mansion Daikyo -12.6%
35 Palace Stage Nisshin Fudosan -17.1%

Source: Style Act, September 5, 2014.

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