Tokyo's population growth areas
While the overall population of Japan is declining with rural areas suffering the most, the population in urban areas is growing as people move to larger cities to find work. In Tokyo City, the population increased in 2011 by 52,549 people to a total of 12,662,461 residents. While Tokyo's population is continuing to grow, the rate of growth is, however, slowing. For potential investors in Japanese property, obviously it is important to stick to areas that are growing and avoid the areas in decline.
Tokyo's Koto-ku and Minato-ku saw the largest increase in population over the past year, while other areas in Tokyo such as Kita-ku and Nakano-ku saw a net decrease in population.Read more
Mitsubishi Jisho Residence is the top apartment supplier in 2010
Market Economy Research Institute and the Real Estate Economic Institute announced the supply rankings of apartment developers across Japan for 2010. Mitsubishi Jisho Residence was the largest supplier of new apartments throughout Japan with a total of 6148 units - an increase of 121.2% from 2009.
In second place, Mitsui Fudosan Residential increased their supply by 17.3% to 5455 units. And in third place was Sumitomo Realty & Development who increased their supply by 15.3% to 4731 units. A total of 126 companies responded to the questionnaire sent out by the research institutes in May and June.Read more
New housing starts predicted to fall below 800,000 units by 2020s
With the spillover effects from the sluggish Japanese economy causing new housing starts to decrease, the number of vacant properties to increase and the move towards long-life housing, experts are predicting the number of new housing starts to fall below 800,000 units by the early 2020s.Read more
Average apartment rent falls by as much as 1.6% in June
Tokyo Kantei released the results of their survey on rent movements for condominium apartments for the month of June, 2011.
Tokyo City:
Average Rent: 2960 Yen/sqm/month - down 0.5% from MayRead more
Market prices for apartments along the Hibiya Subway Line in Tokyo
The following data was published by Tokyo Kantei in July, 2011, and is based on the asking prices for apartments for sale on the secondary market along the Tokyo Metro Hibiya Line. The most recent data for 2011 is based on listing prices from March to May.
The apartment price in the table below is the price in Yen per square meter. The number in brackets is the average apartment age in years.Read more
Average secondhand apartment prices for June only increase in Osaka
Tokyo Kantei has announced the average sale prices for secondhand apartments across Japan for the month of June, 2011.
In the greater Tokyo area, the average price was 29,750,000 Yen (376,580 USD). This is a fall of 0.7% from the month before, and a fall of 3.5% from June of 2010. It is also the first time in 17 months that prices have fallen.Read more
Tokyo office rents at historically low levels
Miki Shoji announced on July 7 that office rents for commercial properties in central Tokyo have fallen 4% in the past 12 months and are now at the lowest levels ever seen since data collection began.
A major contributing factor to this fall are the companies who are seeing lower earnings as a result of the March 11 Tohoku disaster and can no longer pay high rent for their office space.Read more