Tokyo apartment asking prices in August 2016

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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.

Asking prices across Japan:

 

Greater Tokyo 35,210,000 Yen (+0.8% from Jul. 2016; +13.0% from Aug. 2015)
  Tokyo 48,090,000 Yen (+0.5%; +10.5%)
  Kanagawa Prefecture 27,100,000 Yen (+0.5%; +7.0%)
  Saitama Prefecture 20,730,000 Yen (+0.8%; +8.6%)
  Chiba Prefecture 18,570,000 Yen (0.0%; +4.2%)
Kinki Region 20,520,000 Yen (+0.1%; +10.4%)
  Osaka 22,490,000 Yen (+1.8%; +16.7%)
  Hyogo Prefecture 17,940,000 Yen (-0.7%; +1.1%)
Chubu Region 16,450,000 Yen (+2.1%; +7.3%)
  Aichi Prefecture 17,640,000 Yen (+1.8%; +9.5%)

Apartment asking prices by city:

 

Tokyo 23 wards 52,790,000 Yen (0.0% from Jul. 2016; +8.5% from Aug. 2015)
Yokohama City 28,970,000 Yen (+1.0%; +7.5%)
Saitama City 24,030,000 Yen (+0.4%+6.3%)
Chiba City 16,640,000 Yen (-1.5%; +1.8%)
Osaka City 28,880,000 Yen (+0.9%; +21.9%)
Kobe City 18,400,000 Yen (-1.2%; -0.2%)
Nagoya City 20,920,000 Yen (+2.6%; +10.3%)

Apartment asking prices in Tokyo, Osaka and Nagoya:

 

Tokyo central 6 wards 72,030,000 Yen (+0.3% from Jul. 2016; +5.5% from Aug. 2015)
Jyonan, Jyosai 6 wards 52,240,000 Yen (+0.8%; +4.1%)
Jyohoku, Jyoto 11 wards 40,170,000 Yen (+0.4%; +9.4%)
Osaka central 6 wards 38,570,000 Yen (-0.2%; +19.3%)
Nagoya central 3 wards 25,660,000 Yen (+2.4%; +9.1%)

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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 August.

Source: Tokyo Kantei, September 26, 2016.

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