Archive For The “Market Information” Category

Tokyo apartment asking prices in July 2017

Tokyo apartment asking prices in July 2017

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment across greater Tokyo was 35,620,000 Yen in July, showing no change from the previous month but up 1.9% from last year. The average building age was 22.9 years. In Tokyo’s 23 wards, the average asking price was 53,260,000…

Shinjuku office vacancy rate drops to 1% range

Shinjuku office vacancy rate drops to 1% range

The office vacancy rate across Tokyo’s five central business districts of Chiyoda, Chuo, Minato, Shinjuku and Shibuya dropped to 3.22% in July, down 0.04 points from June and down 0.72 points from July 2016. This is close to the record low of of 3.03% reported in April 2008 and down from a high of 9.43%…

Average apartment rent in July 2017

Average apartment rent in July 2017

According to Tokyo Kantei, the average monthly rent of a condominium-type apartment across greater Tokyo in July 2017 was 2,631 Yen/sqm, up 0.5% from the previous month but down 0.8% from last year. The average apartment size was 60.03 sqm and the average building age was 20.8 years. In the Tokyo metropolitan area the average…

New apartment prices in greater Tokyo up 16% from last year

New apartment prices in greater Tokyo up 16% from last year

According to the Real Estate Economic Institute, a total of 3,426 brand-new apartments were released for sale across greater Tokyo in July, up 50.0% from the previous month and up 3.3% from last year. 2,465 apartments were sold, resulting in a contract ratio of 71.9%, up 8.6 points from last year and above the 70.0%…

Tokyo apartment sale prices increase for 58th consecutive month

Tokyo apartment sale prices increase for 58th consecutive month

According to REINS, 3,304 second-hand apartments were sold across greater Tokyo in July, down 0.9% from the previous month but up 3.6% from last year. The average sale price was 31,600,000 Yen, down 0.06% from the previous month but up 5.4% from last year. The average price per square meter was 494,800 Yen, down 0.3%…

New apartment price-to-income ratio drops for first time in 7 years

New apartment price-to-income ratio drops for first time in 7 years

According to Tokyo Kantei, the average price of a brand new apartment across Japan was 7.59 times the average annual income in 2016, down 0.07 points from 2015 and the first drop reported in 7 years. The price-to-income ratio across greater Tokyo was 10.68, down 0.31 points from 2015, and the first decline seen in…

New apartment prices in Kyoto drop as developers are forced out of city center

New apartment prices in Kyoto drop as developers are forced out of city center

The supply of brand new apartments in Kyoto City in the first half of 2017 increased by 21.7% from the same period in 2016, while the average sale price saw a steep drop of 24.1% to 43,280,000 Yen. The reason for the decrease in the price was due to intense competition for hotel development sites…

Tokyo apartment asking prices in June 2017

Tokyo apartment asking prices in June 2017

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment across greater Tokyo was 35,620,000 Yen in June 2017, down 0.3% from the previous month but up 2.6% from last year. The average building age was 22.7 years. In the Tokyo metropolitan area, the average asking price was…

Average apartment rent in June 2017

Average apartment rent in June 2017

According to Tokyo Kantei, the average monthly rent of a condominium-type apartment across greater Tokyo in June 2017 was 2,619 Yen/sqm, down 0.5% from the previous month but up 0.5% from last year. The average apartment size was 59.62 sqm and the average building age was 20.4 years. In the Tokyo metropolitan area the average…

New apartment supply in Tokyo down 25% in June

According to the Real Estate Economic Institute, a total of 2,284 brand new apartments were released for sale across greater Tokyo in June, down 12.3% from the previous month and down 25.1% from last year. 1,534 apartments were sold, resulting in a contract ratio of 67.2%, down 5.0 points from the previous month and down…

Go Top