The top stations in Tokyo with the best resale values
Tokyo Kantei has released their ranking of the top train stations across greater Tokyo that have provided the highest increase in the resale value of apartments in 2018.
Tokyo Apartment Sales in July 2019
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of July 2019:
New apartment supply in Tokyo drops to lowest level since 1992
The supply of new condo-type apartments across greater Tokyo in the first half of 2019 has reached the lowest level seen since 1992. As land prices and construction costs continue to remain at high levels, developers have been putting the brakes on residential supply as buyers shift their attention away from expensive new construction. Last-minute demand prior to the increase in consumption tax from October did not materialize as anticipated.
New apartment prices, meanwhile, have reached the highest level since 1991.
120m tall office tower for Shibuya Station area
A 120-meter tall office tower is planned for a site just behind the Shibuya Hikarie building in central Tokyo.
Tokyo second-hand apartment sales up 8.5% in June
According to REINS, a total of 3,490 second-hand apartments were reported to have sold across greater Tokyo in June, up 27% from the previous month and up 5.2% from last year. The average sale price was 33,610,000 Yen, up 1.1% from the previous month and up 1.3% from last year. The average price per square meter was 527,500 Yen, up 1.8% from the previous month and up 1.6% from last year. This is the 5th month in a row to see a year-on-year increase. The average age of an apartment sold was 21.96 years.
Tokyo Apartment Sales in June 2019
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of June 2019: