Minato and Shibuya apartment sales (first half 2013)

According the MLIT, the average transaction price of an apartment (including both new and old) in the first half of 2013 was 55,143,800 Yen (919,600 Yen/sqm) in Minato-ku and 35,182,100 Yen (814,200 Yen/sqm) in Shibuya-ku.Read more

by Zoe Ward

40% of Tokyo's existing apartments within 8km of Harumi

In October, Tokyo Kantei published a report focusing on the existing apartment stock that lies within an 8km radius of the man-made island of Harumi in Tokyo Bay.

According to the data, there were 10,195 existing apartment buildings containing 540,057 apartments within 8km of Harumi. 40.5% of Tokyo's 23-ku apartment stock is located within this zone. Current estimates show another 10,000 apartments are expected to be supplied in the bayside area in the next few years. Read more

by Zoe Ward

Mizuho's Real Estate Market Report

Mizuho Trust & Banking Co. released their Real Estate Market Report for October 2013. According to the data, second-hand apartment sales are making up a growing proportion of total apartment sales in both greater Tokyo and the Kinki region.

In Tokyo's 23 wards, around 10,000 second-hand apartments have been sold annually since 2010. The highest proportion of sales and the highest transaction volume is in Tokyo's central six wards (Chiyoda, Chuo, Minato, Shinjuku, Shibuya and Bunkyo).Read more

by Zoe Ward

Secondhand apartment prices in September - Tokyo Kantei

According to the latest report from Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) secondhand apartment in Tokyo's 23-ku was 40,420,000 Yen in September, up 0.2% from the previous month and up 2.5% from September 2012. This is the sixth month in a row where prices have seen a month-on-month increase. The average price across Tokyo City was 36,930,000 Yen, up 0.3% from last month and up 1.0% from last year.

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by Zoe Ward

Japan's apartment market over the last 40 years

Villa Gloria Harajuku 1972The Real Estate Economic Institute recently published a report on the condominium market in Japan over the last 40 years. Here are some of the highlights:

  • Apartment prices are now 3.5 times higher.  The average apartment price nationwide in 1973 was 10,860,000 Yen. In 2012 it was 38,340,000 Yen. In greater Tokyo the average price was 11,710,000 Yen in 1973. In 2012 it was 45,400,000 Yen. Read more

by Zoe Ward

New apartment sales in September surge before consumption tax increase deadline

The Parkhouse Grand Chidorigafuchi 1
The Parkhouse Grand Chidorigafuchi - now sold out.

According to the Real Estate Economic Institute, a total of 5,968 new apartments were released for sale in greater Tokyo in September, up 77.3% from last year and up 44% from the previous month.

Of those, 4,986 apartments were sold, making the contract rate 83.5% in greater Tokyo. This is an increase of 14.2 points from last year and 2.0 points  from August.

The number of new apartments offered in high-rise buildings over 20 storeys was 1,949, up 810.7% from last year. The contract rate was 89.9%, up 27.3 points from last year.

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by Zoe Ward

Secondhand apartment prices in Tokyo City up 8.1%

According to REINS, 1,559 second-hand apartments were sold in Tokyo City in September, up 21.2% from September 2012 and up 41.1% from the previous month. A total of 3,123 second-hand apartments were sold across greater Tokyo for the month, up 12.5% from last year.

The average sale price across greater Tokyo was 26,540,000 Yen, up 6.5% from last year and up 3.8% from August. The average price per square meter was 409,500 Yen, up 8.7% from last year and up 2.3% from August.Read more

by Zoe Ward