Residential yields and vacancy rates in Minato-ku - August 2013
According to real estate listing site Homes, the average yield on an apartment in Minato-ku in August 2013 was 5.7%, down 0.3 points from last month. The average yield across Tokyo was 8.1%, up 0.1 points from July.
The vacancy rate was 9.9% in Minato-ku and 11.0% across Tokyo. Read more
Tokyo apartment price-to-book ratios in 2013
Tokyo Kantei has released their 2013 report on the price-to-book ratios for apartments in greater Tokyo. The data is arranged by train station.
Apartments around Omotesando Station saw the best gain in re-sale value with a PBR of 1.41. Other high-ranking areas include Shinagawa (1.31), Tamachi (1.26), Shirokane Takanawa (1.23) and Toranomon (1.20) stations.Read more
Tokyo apartment market enters bullish territory
In the first half of 2013, Tokyo's apartment market (including new and old apartments) transitioned to a bullish market.
According to Nomura Real Estate Urban Net's residential land and second-hand apartment price movement survey, prices were up in most areas in greater Tokyo in the second quarter of 2013.Read more
Apartment price to income ratio worsens in 2012
According to data released by Tokyo Kantei on July 30, the average price of a brand new apartment in Japan was 6.53 times the average annual income, while a second-hand apartment (less than 10 yrs old) was 4.56 times the average income.
While apartment prices are rising, income levels are still declining. The average annual income in 2012 fell 4.6% to 4,170,000 Yen. This is the third year in a row where incomes have fallen.Read more
Areas where property prices are likely to outperform Japan's inflation target
With the Bank of Japan's governor Haruhiko Kuroda setting a 2% inflation rate target within the next two years, which locations are more likely to receive the benefits of inflating asset prices and which areas are not?
In July 2002, Nikkei Business published a special feature on the 'real estate revolution' as Japan's property market was reaching a turning point. The feature stressed the importance of looking at the investment returns on all types of real estate and introduced the reporting of rental returns by train station.
More than 10 years have passed since the original article, and the Japan appears to be at another turning point.Read more
Secondhand apartment prices in June - Tokyo Kantei
According to Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) second-hand apartment in Tokyo's 23-ku in June was 39,720,000 Yen (397,000 USD), up 0.3% from last month and 0.7% higher than June 2012.
Across greater Tokyo, the average price was 27,700,000 Yen (277,000 USD), up 0.4% from last month but down 2.7% from last year.Read more
June rental data - Tokyo Kantei
According to Tokyo Kantei, the average monthly rent of an apartment in greater Tokyo for the month of June was 2,541 Yen/sqm, up 0.4% from last month and up 3.2% from June 2012.
In Tokyo's 23 special wards, the average rent in June was 3,101 Yen/sqm, up 0.5% from last month and up 3.0% from last year. This is the highest level it has been since February 2011.Read more