Osaka's most expensive apartment sold during first round of sales

Osaka’s most expensive apartment building went on sale on February 19, with 2,523 applications made on the 146 apartments offered for sale  in the lottery. That included a 2.5 billion Yen penthouse on the 46th floor that received several applications. An average of 17 applications were made per apartment, with the most popular apartment receiving 95 applications.Read more


Apartment rents in Tokyo reach record high in 2023

Renewed population growth in Tokyo has resulted in rents in the 23 wards increasing by 8.0% to a record high of 4,152 Yen/sqm in 2023. Average rents are now 30% higher than they were in 2014.

Rising property prices are also causing a growing number of would-be buyers to turn to the rental market instead, adding extra pressure on the demand side. 

All major urban centers surveyed by Tokyo Kantei saw annual rental price growth in 2023, although some have seen growth at a higher pace than others. Tokyo’s 23 wards saw the highest year-on-year increase of 8.0%, followed by Saitama City (+7.6%) and Kobe City (+7.4%). Osaka City saw a 3.9% increase after a 7.7% increase in 2022.

The data provided by Tokyo Kantei is based on the advertised rent of condominium-type apartments recorded in Tokyo Kantei’s database and is limited to family-type apartments (excluding apartments under 30 sqm in size, office and retail space).

Source: Tokyo Kantei, January 17, 2023.


A quick look at Japan’s apartment prices over the past 50 years

The Real Estate Economic Institute published a recent report looking back at Japan’s condominium-type apartment market over the past 50 years. The country has experienced a number of economic cycles over the past five decades, including the 1970s oil crisis, the 1980s asset bubble and subsequent crash in the early 1990s, oversupply of new condos between the mid 1990s and mid 2000s, the 2007-2008 global financial crisis, and, more recently, over a decade of loose monetary policy and low interest rates.Read more


Here’s where apartment rents are increasing the most across Japan

Rents for more spacious ‘family-type’ apartments in Japan’s major cities reached record highs in October, according to a report released by multiple-listing provider and data aggregator AtHome. The larger-sized rental housing is becoming an interesting segment of the market to observe as would-be homebuyers are starting to shift to rental housing as they become priced out of the condo market.Read more


Osaka Maritime Museum to sell for 0.3% of original cost

Built at a cost of 17.6 billion Yen, this long-closed museum was recently offered for 56 million Yen, or just 0.3% of its original cost.Read more


Japan’s skyrocketing hotel prices

A quickly recovering inbound tourism industry coupled with a labor shortage has caused hotel rates in some areas in Japan to far exceed pre-pandemic pricing.Read more


Osaka’s most expensive apartment is going on sale for 2.5 billion Yen

The most expensive apartment in history in the Osaka and Kansai region will go on sale next February. The two-bedroom penthouse will be priced at 2.5 billion Yen (US$16.7 million).Read more