According to Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) second-hand apartment in Tokyo’s 23-ku in June was 39,720,000 Yen (397,000 USD), up 0.3% from last month and 0.7% higher than June 2012.

Across greater Tokyo, the average price was 27,700,000 Yen (277,000 USD), up 0.4% from last month but down 2.7% from last year.

In Tokyo’s central 6 wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average price was 53,460,000 Yen (534,000 USD), up 1.5% from last month and up 3.4% from June 2012.

  • Greater Tokyo: 27,700,000 Yen (+0.4% from May; -2.7% from June 2012)
    • Tokyo City: 36,420,000 Yen (+0.2%; -0.5%)
    • Kanagawa Prefecture: 23,950,000 Yen (+0.7%; -2.0%)
    • Saitama Prefecture: 17,870,000 Yen (-0.2%; -3.1%)
    • Chiba Prefecture: 17,790,000 Yen (0%; -2.8%)
  • Kinki Region: 17,980,000 Yen (-0.2%; +0.4%)
    • Osaka: 18,360,000 Yen (-0.3%; +0.3%)
    • Hyogo Prefecture: 17,890,000 Yen (-0.3%; -1.5%)
  • Chubu Region: 14,800,000 Yen (+0.1%; -0.9%)
    • Aichi Prefecture: 15,200,000 Yen (-0.1%; 0%)

By City:

  • Tokyo 23-ku: 39,720,000 Yen (+0.3%; +0.7%)
  • Yokohama City: 25,390,000 Yen (+0.8%; -1.7%)
  • Saitama City: 21,150,000 Yen (+0.7%; +0.4%)
  • Chiba City: 16,900,000 Yen (-0.2%; -3.4%)
  • Osaka City: 21,390,000 Yen (-0.8%; +0.2%)
  • Kobe City: 18,150,000 Yen (-0.9%; -4.3%)
  • Nagoya City: 17,340,000 Yen (-0.9%; -0.6%)

About the data: 

Data is collected from the asking prices of secondhand apartments listed in Tokyo Kantei’s database. For a standard comparison, the average price per square meter is used to calculate the price for a 70 sqm apartment. Apartments below 30sqm are not included, neither are offices or retail spaces

Actual selling prices are typically lower than asking prices, so actual sales figures may be lower.

Source: Tokyo Kantei, July 22, 2013. (PDF)

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