Real estate investment in Japan:Market prices of existing apartments in Tokyo

Market prices of existing apartments in Tokyo

On March 27th, the Ministry of Land, Infrastructure and Transport announced the nationwide public land price (land price per square meter), an index of reasonable prices for land transactions.

Residential areas in the three major cities of Tokyo, Osaka and Nagoya, increased by 0.7%, each, and even in other regional cities, commercial land prices rose for the first time in 26 years. In particular, prices in the four regional cities of Sapporo in Hokkaido, Sendai, Hiroshima, and Fukuoka rose sharply by 7.9%.
Recovering residential areas as a result of improvement in the employment and wage environments due to good corporate results, and inbound demand because of an increase in foreign tourists boosting the land price of commercial areas with stores and hotels, was behind the increase.

Apartment prices in Tokyo have continued to increase since 2012, and in the top five, most popular wards of Chiyoda-ku, Minato-ku, Shibuya-ku, Chuo-ku and Meguro-ku, the average sales price of all transactions exceeded 55 million yen.
japan-property.jp have summarized market information on prices of pre-existing apartments as a reference for those considering a apartment purchase or real estate investment in Tokyo in the future.

Market prices of existing apartments in Tokyo

by floor plan

In millions of Yen
STUDIO 1~2Beds 2~3Beds 3~4Beds 4+Beds
All over Tokyo 21.6 36.6 50.8 49.8 53.7
Chiyoda Ward 27.0 52.5 114.6 204.0 -
Chuo ward 23.3 47.6 71.2 81.9 109.4
Minato ward 32.6 70.2 104.6 166.1 272.8
Shibuya ward 30.3 50.8 82.6 123 243.8
Meguro ward 22.4 39.5 62.4 77.7 115.8
Shinjuku ward 23.7 39.3 59.7 72.1 76.1
Bunkyo ward 19.6 36.1 51.9 75.7 118.3
Taito ward 21.1 33.7 44.8 47.4 -
Sumida ward 18.6 29.3 41.2 53.0 54.2
Koto Ward 20.6 34.3 47.8 47.0 55.3
Shinagawa ward 23.6 37.6 63.0 66.6 92.2
Ota ward 17.8 28.7 37.6 47.1 53.7
Setagaya ward 17.7 32.1 49.8 58.6 74.2
Nakano ward 18.5 28.7 43 55.8 -
Suginami ward 17.3 26.5 45.6 52.4 69.0
Toshima ward 20.7 33.6 50.5 62.5 -
Kita ward 18.7 30.0 37.7 44.9 54.0
Arakawa ward 19.6 26.4 35.6 43.3 53.0
Itabashi ward 19.2 21.7 29.5 37.2 48.3
Nerima ward 13.9 24.0 33.2 40.4 47.9
Adachi ward 11.5 20.5 25.0 30.7 37.1
Katsushika ward 10.4 16.8 25.4 32.6 37.3
Edogawa ward 11.1 21.3 33.3 36.2 42.0

by floor space area

In millions of Yen
20㎡~ 40㎡~ 60㎡~ 80㎡~ 100㎡~
All over Tokyo 45.6 48.9 56.3 81.8 121.0
Chiyoda Ward 80.3 108.7 156.3 198 236.9
Chuo ward 60.3 65.9 83.4 115.8 130.7
Minato ward 96.4 108.5 135.1 180.0 225.5
Shibuya ward 72.3 84.4 107.1 158.2 208.2
Meguro ward 55.6 63.0 77.4 99.8 135.6
Shinjuku ward 51.4 59.7 72.0 98.1 125.8
Bunkyo ward 48.0 53.6 68.3 101.6 118.8
Taito ward 39.2 43.2 52.5 80.7 84.6
Sumida ward 37.8 42.0 52.6 140.1 208.8
Koto Ward 44.9 46.6 50.4 64.6 79.7
Shinagawa ward 54.0 58.8 74.3 97.7 118.7
Ota ward 39.0 42.5 48.4 58.6 79.1
Setagaya ward 49.3 52.5 61.7 80.9 103.4
Nakano ward 39.1 44.8 55.4 62.1 66.1
Suginami ward 39.0 45.4 55.1 69.1 89.6
Toshima ward 45.0 50.9 60.9 90.8 125.9
Kita ward 37.8 40.4 45.6 53.7 59.6
Arakawa ward 38.0 39.9 45.5 52.6 57.2
Itabashi ward 30.4 32.8 39.0 51.3 68.6
Nerima ward 35.0 36.9 41.5 49.2 54.6
Adachi ward 28.6 29.0 31.1 40.5 42.1
Katsushika ward 28.8 29.6 34.3 39.9 40.0
Edogawa ward 35.3 35.5 37 43.5 54.8

Apr 11, 2018

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