Secondhand apartment sales in February - REINS
According to REINS, 3,311 second-hand apartments were sold across greater Tokyo in February, up 23.2% from January but down 0.2% from February 2013. This is the first time in 18 months where the number of apartment sales have been lower than they were 12 months prior.
The Tokyo Metropolitan area was the only area to record an increase in year-on-year sales, while Kanagawa Prefecture recorded a 6.6% drop in sales figures.Read more
Residential yields and vacancy rates in Minato-ku - March 2014
According to real estate listing site Homes, the average gross yield on an apartment in Minato-ku in March was 5.5%, up 0.1 points from February. The average gross yield across Tokyo was 7.3%, down 0.1 points from the previous month.
The vacancy rate remains unchanged at 9.9% in Minato-ku and 11.0% across Tokyo.
The average asking price of a secondhand apartment in Minato-ku was 779,828 Yen/sqm as of March 1, up 2.7% from the previous month. The average asking price for land was 1,063,939 Yen/sqm, down 0.8%.Read more
1 in 8 households in Japan live in an apartment
According to Tokyo Kantei, 11.94% of households in Japan live in a condominium apartment. The Tokyo metropolitan area has the highest percentage with 25.90% of households living in apartments.
- Tokyo: 25.90%
- Kanagawa Prefecture: 22.17%
- Osaka: 18.20%Read more
Secondhand apartment prices in January - Tokyo Kantei
According to Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) second-hand apartment in Tokyo's 23 wards was 41,080,000 Yen in January, up 1.0% from the previous month and up 4.2% from January 2013. The average apartment age was 20.6 years.
In central Tokyo's six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average apartment price was 55,680,000 Yen, up 1.4% from the previous month and up 8.1% from last year. The average apartment age was 20.9 years.Read more
New apartment prices in January
According to the Real Estate Economic Institute, a total of 1,826 new apartments were released for sale in greater Tokyo in January, down 77.9% from the previous month but up 6.1% from January 2013.
The contract rate for the month was 78.6%, up 2.5 points from the previous month and up 9.4 points from last year.
The average apartment price was 46,370,000 Yen, down 1.8% from last year. The average price per square meter was 660,000 Yen, down 4.2% from last year.Read more
New apartment prices in Sendai now higher than the the peak of the bubble in 1991
According to advertising firm DG Communications, the average price of a brand new apartment in greater Sendai in 2013 was 35,599,000 Yen, up 7.3% from 2012. This is now 0.7% higher than the peak of 35,339,000 Yen seen in 1991 during Japan's asset price bubble.
The average price per square meter was 468,200 Yen, up 9.0% from the previous year.Read more
January rental data - Tokyo Kantei
According to Tokyo Kantei, the average monthly rent of a condominium apartment in greater Tokyo in January was 2,574 Yen/sqm, up 1.6% from January 2013 and up 2.4% from the previous month. The average apartment size was 58.86 sqm and the average building age was 19.0 years.Read more