Apartment rents in greater Tokyo increase for 3rd month
The average monthly rent of a condominium-type apartment across greater Tokyo (Tokyo, Kanagawa, Saitama, and Chiba prefectures) was 3,391 Yen/sqm in January, up 1.6% from the previous month and the 3rd month in a row to see a month-on-month increase.
Record high apartment prices in Osaka
Rising residential prices are being felt nationwide as construction costs remain high. This year, the most expensive apartment building in the Kansai region will go on sale, creating a new price record.
Why are there over 70 buyers per apartment in Harumi Flag?
With some apartments receiving over 200 purchase applications this month, buyer demand in the Harumi Flag development on Tokyo Bay has been so astonishingly high that NHK sent a journalist out to see what was going on.
An updated look at Tokyo apartment prices since 1992
With the latest data for 2022 released by REINS last month, let’s take a look at the average sale price of a second-hand apartment across greater Tokyo over the past 30 years.
Tokyo Apartment Sales in January 2023
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2023:
New apartment price in Tokyo hits 32-year high
The average price of a brand-new apartment released for sale across greater Tokyo in 2022 reached 62.88 million Yen, up 0.4% from 2021 and the highest level on record since 1990 when prices were 62.14 million Yen.
Apartment asking prices climb 13.2% in 2022
The average asking price of a 70 sqm (753 sq.ft) second-hand apartment across the greater Tokyo region in 2022 climbed 13.2% to 47,160,000 Yen. This was the second year in a row to record double-digit growth.