Minato and Shibuya apartment sales (first half 2013)

According the MLIT, the average transaction price of an apartment (including both new and old) in the first half of 2013 was 55,143,800 Yen (919,600 Yen/sqm) in Minato-ku and 35,182,100 Yen (814,200 Yen/sqm) in Shibuya-ku.Overview:

Minato-ku Shibuya-ku
Average transaction price 55,143,800 Yen 35,182,100 Yen
Average price per sqm 919,600 Yen 814,200 Yen
Average apartment size 55.40 sqm 42.12 sqm
Average building age 13.42 years 18.61 years

SALE PRICE BY BUILDING AGE:

Minato-ku Shibuya-ku
0 – 5 yrs 1,284,600 Yen/sqm 1,031,800 Yen/sqm
6 – 10 yrs 942,200 Yen/sqm 938,400 Yen/sqm
11 – 20 yrs 924,700 Yen/sqm 874,200 Yen/sqm
21 – 30 yrs 582,547 Yen/sqm 668,700 Yen/sqm
31 yrs + 546,200 Yen/sqm 542,600 Yen/sqm

SALE PRICE BY AREA:

Minato-ku Shibuya-ku
Akasaka 998,900 Yen/sqm Daikanyamacho 1,072,800 Yen/sqm
Azabudai 711,700 Yen/sqm Ebisu* 968,700 Yen/sqm
Azabujuban 864,200 Yen/sqm Higashi 892,500 Yen/sqm
Minamiaoyama 931,900 Yen/sqm Hiroo 984,500 Yen/sqm
Minamiazabu 997,500 Yen/sqm Jingumae 898,200 Yen/sqm
Motoazabu 1,731,100 Yen/sqm Shibuya 978,600 Yen/sqm
Nishiazabu 1,001,600 Yen/sqm Shoto 1,001,600 Yen/sqm
Roppongi 1,189,600 Yen/sqm Yoyogi 727,600 Yen/sqm

*Ebisu includes Ebisuminami and Ebisunishi.

SALE PRICE BY APARTMENT TYPE:

Minato-ku Shibuya-ku
Studio 17,507,000 Yen
(825,600 Yen/sqm)
16,348,200 Yen
(793,600 Yen/sqm)
1-Bedroom 50,785,700 Yen
(974,400 Yen/sqm)
40,405,400 Yen
(858,000 Yen/sqm)
2-Bedroom 79,322,900 Yen
(978,920 Yen/sqm)
55,888,900 Yen
(849,800 Yen/sqm)
3-Bedroom 112,478,260 Yen
(1,036,300 Yen/sqm)
77,333,300 Yen
(880,500 Yen/sqm)
4-Bedroom* 295,000,000 Yen
(1,483,200 Yen/sqm)
83,500,000 Yen
(562,185 Yen/sqm)

*There were only two 4-bedroom apartment sales reported in Shibuya-ku, and two in Minato-ku.

About the data:

The data is based on actual sales that were voluntarily reported to the MLIT by buyers. Not all transactions are reported. For privacy, building names and apartment numbers are not identified.

Source: MLIT’s Land General Information Service (English page here)

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