Apartment prices along Tokyo’s Chiyoda Line in 2019

The southern half of the Chiyoda Subway Line runs through some of the most expensive real estate in Tokyo, including Harajuku, Omotesando, Akasaka, and the Otemachi/Marunouchi business district. 

According to Tokyo Kantei, the average price of a second-hand apartment alongside this train line was approximately 929,000 Yen/sqm in 2019, showing no change from last year. The average apartment size was 57.82 sqm and the average building age was 23.7 years. 

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Tokyo second-hand apartment sale prices increase for 9th month in a row

Total second-hand apartment sales in the Tokyo metropolitan area dropped 6.5% from last year to 1,421 units in October. This was the first year-on-year decrease seen since February. 

According to REINS, the average sale price was 716,700 Yen/sqm, up 1.4% from the previous month and up 5.9% from last year. This is the 9th month in a row to see a year-on-year increase.

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