1 in 5 apartments in Toyosu was listed for sale in the past 12 months
Over the past 12 months, Toyosu Station on the manmade island of Toyosu in Tokyo Bay has seen the highest number of apartments listed for resale in the greater Tokyo region. According to Tokyo Kantei, there have been 3,720 apartments listed for resale in the vicinity of this station accounting for 22.7% of the total apartment stock in the neighborhood. The average apartment age was 11.3 years.
Tokyo apartment sales in October 2018
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of October 2018:Read more
Tokyo apartment asking prices see slight drop in September
According to Tokyo Kantei the average asking price of a 70 sqm (753 sq.ft) second-hand apartment across greater Tokyo was 36,360,000 Yen in September, down 0.1% from the previous month but up 2.3% from last year. The average building age was 24.1 years.
Apartment rents in Tokyo increase for 10th month in a row
The average apartment rent in Tokyo’s 23 wards has increased year-on-year for the 10th month in a row. The average monthly rent in September was 3,504 Yen/sqm, up 6.6% from last year and up 1.2% from the previous month. Both Yokohama and Saitama cities saw a decline in year-on-year rents.
Floor space across Japan increases by 0.2% in 2018
According to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), the total floor space of buildings across Japan totaled 7.73 billion square meters (approx. 83 billion sq.ft) as at January 1, 2018, a 0.2% increase from last year. Housing stock, including both private and public housing, saw a 0.2% rise and accounted for 74.3% of the total.
Greater Tokyo second-hand apartment prices increase for 69th month in a row
According to REINS, 3,244 second-hand apartments were sold across greater Tokyo in September, up 40.9% from the previous month and up 0.7% from last year. The average sale price was 32,920,000 Yen, down 0.8% from the previous month but up 2.0% from last year. The average price per square meter was 513,900 Yen, down 1.4% from the previous month but up 1.4% from last year. This is the 69th month in a row to record a year-on-year increase in prices.