Tokyo apartment prices increase for 34th month

Apartment prices in Tokyo climbed for the 34th month in a row last month, reaching 908,300 Yen/sqm in the 23 wards. This is a 9.3% increase from last year. A total of 1,691 second-hand apartments were reported to have sold, up 4.5% from last year.

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Tokyo Apartment Sales in February 2023

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of February 2023:

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An updated look at Tokyo apartment prices since 1992

With the latest data for 2022 released by REINS last month, let’s take a look at the average sale price of a second-hand apartment across greater Tokyo over the past 30 years.

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Tokyo Apartment Sales in January 2023

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of January 2023:

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New apartment price in Tokyo hits 32-year high

The average price of a brand-new apartment released for sale across greater Tokyo in 2022 reached 62.88 million Yen, up 0.4% from 2021 and the highest level on record since 1990 when prices were 62.14 million Yen.

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Mita Garden Hills now on sale with a 4.5 billion Yen apartment on offer

Sales in the 1,002-unit Mita Garden Hills luxury apartment development in central Tokyo started last week with pricing looking to average around 4 million Yen/sqm (US$2,860/sq.ft).

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Apartment asking prices climb 13.2% in 2022

The average asking price of a 70 sqm (753 sq.ft) second-hand apartment across the greater Tokyo region in 2022 climbed 13.2% to 47,160,000 Yen. This was the second year in a row to record double-digit growth.

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Apartment sales over 100 million Yen hit new high in Tokyo

Tokyo’s 23 wards were the only area within greater Tokyo to see a year-on-year increase in apartment sales in December, with transactions up 6.6%. Saitama Prefecture saw a 4.2% drop, Chiba saw an 11.2% drop, and Kanagawa saw a 7.4% drop.

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A 70sqm apartment in central Tokyo now costs over 100 million Yen

The average asking price of a 70 sqm (753 sq.ft) second-hand apartment in Tokyo’s central wards of Chiyoda, Minato, and Shibuya, has exceeded the 100 million Yen range in November, 2022.

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Tokyo Apartment Sales in December 2022

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of December 2022:

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