Secondhand apartment prices in September 2014 – Tokyo Kantei

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) second-hand apartment in Tokyo’s 23 wards was 42,160,000 Yen in September, up 0.5% from the previous month and up 4.3% from last year. The average apartment age was 22.5 years.

In central Tokyo’s six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average apartment asking price was 59,160,000 Yen, up 1.0% from the previous month and up 9.5% from last year. The average apartment age was 21.8 years.

The average price across greater Tokyo was 28,230,000 Yen, up 0.3% from the previous month and up 1.2% from last year. The average apartment age was 21.8 years.

Greater Tokyo 28,230,000 Yen (+0.3% from August; +1.2% from September 2013)
  Tokyo 38,010,000 Yen (+0.1%; +2.9%)
  Kanagawa Prefecture 24,270,000 Yen (+0.2%; +0.9%)
  Saitama Prefecture 18,630,000 Yen (+0.3%; +2.1%)
  Chiba Prefecture 18,400,000 Yen (+0.5%; +3.3%)
Kinki Region 18,150,000 Yen (0.0%; +0.1%)
  Osaka 18,440,000 Yen (-0.5%; -1.8%)
  Hyogo Prefecture 17,830,000 Yen (+0.7%; +0.5%)
Chubu Region 14,720,000 Yen (0.0%; -0.4%)
  Aichi Prefecture 15,370,000 Yen (-0.1%; -0.1%)

Apartment asking prices by city:

Tokyo 23-ku 42,160,000 Yen (+0.5% from August; +4.3% from September 2013)
Yokohama City 25,640,000 Yen (-0.3%; +1.3%)
Saitama City 20,980,000 Yen (+1.5%; -2.9%
Chiba City 17,550,000 Yen (+1.9%; +3.6%)
Osaka City 21,890,000 Yen (-0.8%; -0.7%)
Kobe City 18,210,000 Yen (+1.3%; +1.3%)
Nagoya City 17,790,000 Yen (-0.7%; +1.1%)

Apartment asking prices in Tokyo, Osaka and Nagoya:

Tokyo central 6 wards 59,160,000 Yen (+1.0% from August; +9.5% from September 2013)
Jyonan, Jyosai 6 wards 44,820,000 Yen (+0.6%; +3.7%)
Jyohoku, Jyoto 11 wards 32,480,000 Yen (+0.2%; +2.0%)
Osaka central 6 wards 28,630,000 Yen (-1.2%; -0.6%)
Nagoya central 6 wards 22,400,000 Yen (+1.4%; +7.8%)

About the data:

  • Tokyo central 6 wards: Chiyoda, Chuo, Minato, Shinjuku, Bunkyo, Shibuya.
  • Jyonan, Jyosai 6 wards: Shinagawa, Meguro, Ota, Setagaya, Nakano, Suginami.
  • Jyohoku, Jyoto 11 wards: All other wards in Tokyo.
  • Osaka central 6 wards: Fukushima, Nishi, Tennoji, Naniwa, Kita, Chuo.
  • Nagoya central 3 wards: Naka, Higashi, Chikusa.

The data above is based on advertised prices which may be higher than actual prices after negotiations. Click here to read the REINS report about actual sale prices in September.

Source: Tokyo Kantei, October 22, 2014.

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