Greater Tokyo second-hand apartment prices increase for 71st month in a row

According to REINS, 3,225 second-hand apartments were reported to have sold across greater Tokyo in November, up 4.2% from the previous month and up 11.1% from last year. The average sale price was 32,970,000 Yen, up 0.7% from the previous month and up 2.9% from last year. The average price per square meter was 508,200 Yen, up 0.5% from the previous month and up 1.2% from last year. This is a the 71st month in a row to record a year-on-year increase in sale prices.

New apartment prices in Tokyo up 10.6% from last year

According to the Real Estate Economic Institute, a total of 2,895 brand-new apartments were released for sale across greater Tokyo in October, down 14.1% from the previous month but up 2.8% from last year. Sales in several large-scale projects within Tokyo pushed up the total supply for the month. The Institute had previously forecast a supply of 3,500 units for the month, but there were several cases of sales being delayed due to the quake-shock absorber falsified data scandal that came to light last month.

Greater Tokyo second-hand apartment prices increase for 70th month in a row

According to REINS, 3,096 second-hand apartments were sold across greater Tokyo in October, down 4.6% from the previous month and down 0.2% from last year. The average sale price was 32,750,000 Yen, down 0.5% from the previous month but up 2.0% from last year. The average price per square meter was 505,700 Yen, down 1.6% from the previous month but up 0.8% from last year. This is the 70th month in a row to record a  year-on-year increase in sale prices.

1 in 5 apartments in Toyosu was listed for sale in the past 12 months

Over the past 12 months, Toyosu Station on the manmade island of Toyosu in Tokyo Bay has seen the highest number of apartments listed for resale in the greater Tokyo region. According to Tokyo Kantei, there have been 3,720 apartments listed for resale in the vicinity of this station accounting for 22.7% of the total apartment stock in the neighborhood. The average apartment age was 11.3 years.