Archive For The “Market Information” Category

Japan’s high-rise apartment market from 2017 to 2021 onwards

Japan’s high-rise apartment market from 2017 to 2021 onwards

According to the Real Estate Economic Institute, there are 285 high-rise residential buildings containing 106,321 apartments planned for completion across Japan from 2017 onwards. This is an increase of 47 buildings and 16,477 apartments from the previous survey point in March 2016. 76.1% of the apartments are located in the greater Tokyo area, where 186…

Tokyo apartment asking prices in March 2017

Tokyo apartment asking prices in March 2017

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment in greater Tokyo was 35,810,000 Yen in March 2017, down 0.1% from the previous month but up 5.8% from last year. The average building age was 22.5 years. In the Tokyo metropolitan area the average asking price was…

Average apartment rent in March 2017

Average apartment rent in March 2017

According to Tokyo Kantei, the average monthly rent of a condominium apartment in greater Tokyo in March was 2,681 Yen/sqm, up 0.6% from the previous month and up 3.6% from last year. The average apartment size was 60.35 sqm and the average building age was 20.0 years. In the Tokyo metropolitan area, the average monthly…

Tokyo’s new apartment supply in March up 26.6%

Tokyo’s new apartment supply in March up 26.6%

According to the Real Estate Economic Institute, 3,408 new apartments were released for sale across greater Tokyo in March, up 47.5% from the previous month and up 26.6% from last year. 2,255 apartments were sold, resulting in a contract ratio of 66.2%, down 2.2 points from the previous month and down 1.4 points from last…

Central Tokyo apartment transactions reach 9-year high in March

Central Tokyo apartment transactions reach 9-year high in March

According to REINS, 3,719 second-hand apartments were sold across greater Tokyo in March, up 7.5% from the previous month and up 3.6% from last year. The average sale price was 31,450,000 Yen, down 0.2% from the previous month but up 2.9% from last year. The average price per square meter was 492,800 Yen, down 100…

New condo starts down 35% in February

New condo starts down 35% in February

According to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), housing starts across Japan in February were down 2.6% from the previous year to 70,912 units. This is the first time in 8 months to see a decrease from 12 months prior. Housing starts in the Tokyo metropolitan area were 12,370 units, down 4.9%…

Tokyo Apartment Sales in March 2017

Tokyo Apartment Sales in March 2017

The following is a selection of apartments that were sold in central Tokyo during the month of March 2017:

Tokyo apartment asking prices in February 2017

Tokyo apartment asking prices in February 2017

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment in greater Tokyo was 35,830,000 Yen, up 0.4% from the previous month and up 6.7% from last year. The average building age was 22.5 years. In the Tokyo metropolitan area the average asking price was 48,450,000 Yen, up…

Japan’s residential land prices increase for first time in 9 years

Japan’s residential land prices increase for first time in 9 years

For the first time in 9 years the nationwide koji-chika assessed land value for residential land across Japan increased from the previous year. In 2017, the residential land value increased by 0.022% from 2016. This is in contrast to a 0.2% decrease reported in 2016. Of the 17,909 residential survey sites nationwide, 34% reported an annual…

Average apartment rent in February 2017

Average apartment rent in February 2017

According to Tokyo Kantei, the average monthly rent of a condominium-type apartment in greater Tokyo was 2,666 Yen/sqm in February 2017, down 0.6% from the previous month but up 5.5% from last year. The average apartment size was 60.09 sqm and the average building age was 20.4 years. In the Tokyo metropolitan area the average…

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