Who said all Japanese apartments lose their value immediately after purchase?

Minamiaoyama Masters House by Marubeni

Real estate marketing and research firm, Attractors Lab, has compiled a list of the apartment developers and the resale value of their apartments 10 years after completion. In top spot was Marubeni Corporation.

The data is based on apartments built in the last 10 years that were listed for sale on the secondary market in 2010. The purchase price when brand new was compared to the asking price when the property was re-listed in 2010. The data only included developers who have built over 30 buildings.Read more

by Zoe Ward

Second-hand apartment prices in Tokyo rise after 3 months but stockpile of unsold units reach highest recorded level

According to the Real Estate Information Network for East Japan (REINS), the average price of an apartment on the secondary market in greater Tokyo increased for the first time in three months.Read more

by Zoe Ward

Office vacancy rates and vacant floorspace down in August

Sanko Estate released their "Office Market" data report for high-rise office buildings with a floor plate of 660sqm or higher in Tokyo's central 5 wards (Chiyoda, Chuo, Minato, Shinjuku and Shibuya) for the month of August, 2011. According to their data, the vacancy rate for August was 5.66% - down 0.45% from July.Read more

by Zoe Ward

Average apartment management fees increased by 3.3%

According to the most recent survey by the Real Estate Economic Institute, the average monthly management fee for an apartment in greater Tokyo was 223.72 Yen/sqm in 2010, an increase of 3.3% from 2009.Read more

by Zoe Ward

Land price movements for Japan for 2nd QTR announced

The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) announced the land price movements for Japan on July 1st, 2011.

Of the 146 surveyed sites across Japan, land values for 7 sites increased, 53 sites saw no change and 86 sites saw a decline in values.

Compared to the previous report issued on April 1st, 2011, just following the Tohoku Disaster, it appears that land values are starting to stabilize.Read more

by Zoe Ward

Prices of apartments on secondary market continue to fall

According to real estate information and consulting agency, Tokyo Kantei, the average price for an apartment on the secondary market in the greater Tokyo area (Tokyo, Kanagawa, Chiba and Saitama) in June, 2011, was 29.75 million Yen (386,000 USD). This is a fall of 3.5% from a year earlier and a fall of 0.7% from the previous month.Read more

by Zoe Ward

July Market Data

  • Average new apartment price down 3.7% in Tokyo
  • No. of high-rise apartments fall 69.5%
  • Office vacancy rates down in both Tokyo and Osaka

NEW APARTMENT SUPPLY DOWN:

Brand new apartments listed for sale in the Tokyo area in July fell 1.3% compared to a year earlier to 4073 units. This is the second month of decline. This is due in part to apartment showrooms opening for shorter hours to conserve power, less activity by developers and a general constraint in supply as material shortages and restrained buying cause developers to delay sales activity.Read more

by Zoe Ward