Japan apartment prices 201509

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo in September was 31,590,000 Yen, up 1.4% from the previous month and up 11.9% from last year. This is the 13th month in a row to see an increase. The average building age was 22.4 years.

In Tokyo’s 23 wards, the average asking price was 49,130,000 Yen, up 1.0% from the previous month and up 16.5% from last year. This is the 15th month in a row to see an increase in prices. The average building age was 22.2 years.

In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average asking price was 69,210,000 Yen, up 1.3% from the previous month and up 17.0% from last year. The average building age was 20.6 years.

Greater Tokyo 31,590,000 Yen (+1.4% from Aug. 2015; +11.9% from Sep. 2014)
  Tokyo 43,920,000 Yen (+0.9%; +15.5%)
  Kanagawa Prefecture 25,090,000 Yen (-0.9%; +3.4%)
  Saitama Prefecture 19,100,000 Yen (+0.1%; +2.5%)
  Chiba Prefecture 18,100,000 Yen (+1.5%; -1.6%)
Kinki Region 18,660,000 Yen (+0.4%; +2.8%)
  Osaka 19,570,000 Yen (+1.6%; +6.1%)
  Hyogo Prefecture 17,600,000 Yen (-0.8%; -1.3%)
Chubu Region 15,440,000 Yen (+0.7%; +4.9%)
  Aichi Prefecture 16,350,000 Yen (+1.5%; +6.4%)

Apartment asking prices by city:

Tokyo 23-ku 49,130,000 Yen (+1.0% from Aug. 2015; +16.5% from Sep. 2014)
Yokohama City 26,810,000 Yen (-0.6%; +4.6%)
Saitama City 22,300,000 Yen (-1.4%+6.3%)
Chiba City 16,730,000 Yen (+2.3%; -4.7%)
Osaka City 24,030,000 Yen (+1.4%; +9.8%)
Kobe City 18,190,000 Yen (-1.4%; -0.1%)
Nagoya City 19,330,000 Yen (+1.9%; +8.7%)

Japan apartment prices 201509 2

Apartment asking prices in Tokyo, Osaka and Nagoya:

Tokyo central 6 wards 69,210,000 Yen (+1.3% from Aug. 2015; +17.0% from Sep. 2014)
Jyonan, Jyosai 6 wards 49,920,000 Yen (-0.5%; +11.4%)
Jyohoku, Jyoto 11 wards 37,130,000 Yen (+1.1%; +14.3%)
Osaka central 6 wards 32,130,000 Yen (-0.6%; +12.2%)
Nagoya central 3 wards 23,640,000 Yen (+0.5%; +5.5%)

About the data:

  • Tokyo central 6 wards: Chiyoda, Chuo, Minato, Shinjuku, Bunkyo, Shibuya.
  • Jyonan, Jyosai 6 wards: Shinagawa, Meguro, Ota, Setagaya, Nakano, Suginami.
  • Jyohoku, Jyoto 11 wards: All other wards in Tokyo.
  • Osaka central 6 wards: Fukushima, Nishi, Tennoji, Naniwa, Kita, Chuo.
  • Nagoya central 3 wards: Naka, Higashi, Chikusa.

The data above is based on advertised prices which may be higher than actual prices after negotiations. Click here to read the REINS report about actual sale prices in September.

Source: Tokyo Kantei, October 22, 2015.

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