Minato-ku apartment prices increased 61% over past decade

An apartment consulting company, Total Brain, has analyzed condominium apartment prices in Tokyo’s central 6 wards (Minato, Shibuya, Shinjuku, Chiyoda, Chuo and Bunkyo ku) from the year 2000 to 2010.

The average apartment price in all of these areas has risen, but Shibuya had the lowest price increase. The area with the highest increase in average prices was Minato-ku with an increase of 61%.

The current average price in Shibuya-ku is 1,043,625 JPY/sqm, down from 1,663,750 JPY/sqm during the peak in 2007.

The average prices in 2009-2010 were compared with the average apartment prices in 2000-2004.

Source:
Nikkei Shimbun, January 5, 2010.

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