Tokyo Apt Sales May2016

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo in May 2016 was 34,520,000 Yen, up 0.7% from the previous month and up 15.1% from last year. The average building age was 22.2 years.

In the Tokyo metropolitan area, the average asking price was 47,640,000 Yen, up 0.5% from the previous month and up 15.7% from last year. This is the 23rd month in a row to record an increase in prices. The average building age was 21.8 years.

In Tokyo’s 23 wards, the average asking price was 52,680,000 Yen, up 0.2% from the previous month and up 14.4% from last year. The average building age was 21.7 years.

In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average asking price was 71,460,000 Yen, down 0.4% from the previous month but up 10.2% from last year.

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