Archive For The “Market Information” Category

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…

Supply of new apartments in February reaches second lowest level in past 17 years

According to the Real Estate Economic Institute, 2,310 new apartments were released for sale across greater Tokyo in February, up 66.9% from the previous month and up 3.3% from last year. This is the second lowest number seen for the month of February since 2000. Although sales conditions are very strong in central Tokyo, the…

Tokyo second-hand apartment sale prices up for 53rd month in a row

Tokyo second-hand apartment sale prices up for 53rd month in a row

According to REINS, 3,461 second-hand apartments were sold across greater Tokyo in February, up 21.0% from the previous month but down 2.2% from last year. The average sale price was 31,520,000 Yen, up 0.4% from the previous month and up 3.5% from last year. This is the 50th month in a  row to see a…

Average age of an apartment sold in Tokyo in 2016 increases from previous year

Average age of an apartment sold in Tokyo in 2016 increases from previous year

According to REINS the average age of a second-hand apartment sold in greater Tokyo in 2016 was 20.26 years, up 0.13 years from 2015. The average age of an apartment listed for sale during the year was 22.32 years, up 0.27 years from 2015. Apartments less than 5 years old made up 9.5% of all…

Tokyo Apartment Sales in February 2017

Tokyo Apartment Sales in February 2017

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

Japan’s new apartment supply in 2016 reaches 24-year low

Japan’s new apartment supply in 2016 reaches 24-year low

The supply of brand new apartments released for sale across Japan in 2016 reached the lowest level seen since 1992. Transactions of second-hand apartments, however, reached a record high with sales up 6.9% in greater Tokyo and the highest level seen since record-keeping began. According to the Real Estate Economic Institute,  a total of 76,993…

Tokyo apartment asking prices in January 2017

Tokyo apartment asking prices in January 2017

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment in greater Tokyo was 35,680,000 Yen in January 2017, showing no change from the previous month but up 6.9% from last year. The average building age was 22.4 years. In the Tokyo metropolitan area, the average asking price…

Sendai apartment prices reach record high

Sendai apartment prices reach record high

In 2016 the average price of a brand new apartment in the greater Sendai area reached 44,427,000 Yen, an increase of 5.1% from 2015 and the highest level to be recorded since data-keeping began in 1988. The average apartment size was 75.64 sqm (814 sq ft).

New apartment prices in Tokyo up 25% in January

New apartment prices in Tokyo up 25% in January

According to the Real Estate Economic Institute, 1,384 new apartments were released for sale across greater Tokyo in January, down 80.2% from the previous month and down 7.4% from last year. 852 apartments were sold, resulting in a contract ratio of 61.6%, down 15 points from the previous month but up 3.0 points from last…

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