Apartment sale prices Tokyo Jan2016

According to REINS, 2,655 second-hand apartments were sold across greater Tokyo in January, up 4.4% from the previous month and up 8.8% from last year. The average sale price was 29,870,000 Yen, up 4.3% from the previous month and up 6.7% from last year. The average price per square meter was 468,400 Yen, up 3.1% from the previous month and up 7.1% from last year. This is the 37th month in a row to see a year-on-year increase in reported sale prices. The average building age was 20.26 years.

In the Tokyo metropolitan area, 1,292 second-hand apartments were sold, up 0.4% from the previous month and up 8.3% from last year. The average sale price was 37,120,000 Yen, up 3.8% from the previous month and up 11.7% from last year. The average price per square meter was 633,300 Yen, up 3.8% from the previous month and up 11.6% from last year. This is the 40th month in a row to see a year-on-year increase in sale prices. The average building age was 19.08 years.

Central Tokyo’s 3 wards

In central Tokyo’s 3 wards (Chiyoda, Chuo and Minato), 170 second-hand apartments were sold, up 7.6% from the previous month and up 37.1% from last year. This is the highest number of transactions for the month of January since record-keeping began in 2008.

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