According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo in November was 32,740,000 Yen, up 2.4% from the previous month and up 13.6% from last year. This is the 15th month in a row to see a month-on-month increase. The increase was driven by a larger share of sales in the Tokyo metropolitan area, which pulled up the average. The average building age was 22.2 years.
In Tokyo’s 23 wards, the average asking price was 50,630,000 Yen, up 1.7% from the previous month and up 16.9% from last year. This is the 17th month in a row to see a month-on-month increase. The average building age was 21.8 years.
In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average asking price was 70,560,000 Yen, up 1.2% from the previous moth and up 15.1% from last year. The average building age was 20.1 years.
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