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

Tokyo new apartment prices remain above 100 million Yen for 3rd month

For the third month in a row the average sale price of a brand-new apartment in Tokyo’s 23 wards has exceeded 100 million Yen. In May, the average price was 114,750,000 Yen (approx. US$808,000), up 47.9% from last year.Read more

Luxury condo sales push Tokyo's apartment price above 200 million Yen in March

The average price of a brand-new apartment released for sale across greater Tokyo reached a record 143.6 million Yen (US$1.07 million) in March, according to the Real Estate Economic Institute. That is largely due to two luxury condos that went on sale in central Tokyo.Read more

Tokyo sees 34% increase in sales of apartments priced over 100 million Yen

According to REINS, a total of 1,867 second-hand apartments were reported to have sold in the Tokyo metropolitan area in March 2023, up 10.4% from the previous month and up 3.4% from last year.Read more

Tokyo Apartment Sales in March 2023

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

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Average price of an apartment in Tokyo reaches new record in February

According to Tokyo Kantei, the average asking price for a 70 sqm apartment in Tokyo’s 23 wards was 69,770,000 Yen in February, up 0.5% from the previous month and up 4.1% from last year. This price exceeded a previous record high set last October.

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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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