Minato apartment yields May 2015

According to real estate listing site Homes, the average gross yield on an apartment in Minato-ku in May was 4.7%, down 0.1 points from the previous month and down 0.6 points from last year. The average gross yield across Tokyo was 6.6%, showing no change from the previous month but down 0.5 points from last year.

The average asking price of a second-hand apartment in Minato-ku was 869,700 Yen/sqm as of May 1, down 1.1% from the previous month but up 9.8% from last year. The average asking price for land was 1,211,818 Yen/sqm, up 0.5% from the previous month and up 5.7% from last year.

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