Secondhand apartment prices in Tokyo City up 8.1%

According to REINS, 1,559 second-hand apartments were sold in Tokyo City in September, up 21.2% from September 2012 and up 41.1% from the previous month. A total of 3,123 second-hand apartments were sold across greater Tokyo for the month, up 12.5% from last year.

The average sale price across greater Tokyo was 26,540,000 Yen, up 6.5% from last year and up 3.8% from August. The average price per square meter was 409,500 Yen, up 8.7% from last year and up 2.3% from August.Read more

by Zoe Ward

Secondhand apartment prices in August - Tokyo Kantei

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) secondhand apartment in Tokyo's 23-ku was 40,340,000 Yen in August. This is an increase of 1.2% from last month and 2.8% from August 2012. It is also the first time since March 2012 that the price has exceeded the 40 million Yen mark.

In Tokyo's central 6 wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average asking price in August was 53,870,000 Yen, up 1.1% from last month and up 5.2% from last year. The average apartment age was 21 years.  Read more

by Zoe Ward

Second-hand apartment prices in central Tokyo up 15.6%

According to REINS, sales of second-hand apartments in greater Tokyo in August were up 16% from last year. A total of 2,250 apartments were sold during the month. The average price was 25,560,000 Yen (260,000 USD), up 3.5% from August 2012, but down 0.6% from last month. The average price per square meter was 400,100 Yen, up 5.3% from last year and up 1.8% from last month.

The average apartment size was 63.88 sqm (687 sqft) and the average building age was 20.08 years.

In Tokyo's central three wards (Chiyoda; Chuo and Minato), the average price per square meter was up 15.6% from the same time  last year to 823,800 Yen.Read more

by Zoe Ward

Resale value rankings for developers

Attractors Lab has ranked the top condominium developers by the average resale value of their apartments. In top place is Marubeni, followed by Taisei-Yuraku Real Estate and Itochu Property Development. Although these are the top ranked developers, they all saw a drop in average resale values since new.

The data is compiled from the average price of the developer's apartments when new and their average price when later resold. Data is only included for developers with over 30 buildings, and for buildings listed for sale from 2001 onwards.

Top developers by resale values:Read more

by Zoe Ward

Secondhand apartment prices in July - Tokyo Kantei

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) secondhand apartment in Tokyo's 23-ku was 39,850,000 Yen in July - up 0.3% from last month and up 1.6% from July 2012. The average apartment age was 20.7 years.

In Tokyo's central 6 wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya), the average price in July was 53,280,000 Yen, down 0.3% from last month but 3.4% higher than last year. The average apartment age was 20.9 years.Read more

by Zoe Ward

New apartment prices in July

According to the Real Estate Economic Institute, a total of 5,306 brand new apartments were released for sale across greater Tokyo in July, up 31.6% from last year and up 8.6% from last month. The contract rate was 81.6%, up 8.4 points from last year. The contract rate in buildings over 20 storeys was 90.8%.

The average new apartment price was 51,280,000 Yen (528,000 USD), up 6.1% from last month and up 9.9% from July 2012. The average price per square meter was 727,000 Yen, up 6.0% from last month and up 12.2% from last year.Read more

by Zoe Ward

Tokyo apartment price-to-book ratios in 2013

Tokyo Kantei has released their 2013 report on the price-to-book ratios for apartments in greater Tokyo. The data is arranged by train station.

Apartments around Omotesando Station saw the best gain in re-sale value with a PBR of 1.41. Other high-ranking areas include Shinagawa (1.31), Tamachi (1.26), Shirokane Takanawa (1.23) and Toranomon (1.20) stations.Read more

by Zoe Ward