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According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo in August 2016 was 35,210,000 Yen, up 0.8% from the previous month and up 13.0% from last year. This is the 8th month in a row to record an increase from the previous month. The average building age was 22.4 years.

In the Tokyo metropolitan area, the average asking price was 48,090,000 Yen, up 0.5% from the previous month and up 10.5% from last year. The average building age was 22.0 years.

In Tokyo’s 23 wards, the average asking price was 52,790,000 Yen, showing no change from the previous month but up 8.5% from last year. The average building age was 21.9 years.

In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average asking price was 72,030,000 Yen, up 0.3% from the previous month and up 5.5% from last year. This is the 3rd month in a row to record an increase from the previous month.

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