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%) |
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.