Secondhand apartment prices in May – Tokyo Kantei

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sqft) secondhand apartment in Tokyo’s 23-ku in May increased by 0.6% from last month to 39,600,000 Yen (405,000 USD). It is only 0.5% lower than the average price in May 2012.

Prices across Greater Tokyo, however, are down 4.2% from last year to 27,590,000 Yen (282,000 USD). 

  • Greater Tokyo: 27,590,000 Yen (-0.4% from April; -4.2% from May 2012)
    • Tokyo: 36,340,000 Yen (+0.1%; -1.8%)
    • Kanagawa Prefecture: 23,780,000 Yen (0%; -3.5%)
    • Saitama Prefecture: 17,910,000 Yen (+0.4%; -3.1%)
    • Chiba Prefecture: 17,790,000 Yen (-0.8%; -3.5%)
  • Kinki Region: 18,020,000 Yen (-0.2%; +0.3%)
    • Osaka: 18,420,000 Yen (-0.2%; +0.8%)
    • Hyogo Prefecture: 17,940,000 Yen (-0.3%; -1.4%)
  • Chubu Region: 14,780,000 Yen (+0.5%; -1.3%)
    • Aichi Prefecture: 15,220,000 Yen (+0.9%; -0.7%)

By City:

  • Tokyo 23-ku: 39,600,000 Yen (+0.6%; -0.5%)
  • Yokohama City: 25,200,000 Yen (+0.4%; -3.2%)
  • Saitama City: 21,010,000 Yen (+2.1%; -2.1%)
  • Chiba City: 16,940,000 Yen (-0.8%; -4.4%)
  • Osaka City: 21,560,000 Yen (0%; +1.5%)
  • Kobe City: 18,320,000 Yen (-0.7%; -3.0%)
  • Nagoya City: 17,490,000 Yen (+1.6%; -1.3%)

Prices in Tokyo’s 6 central wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya) have increased by 0.1% from last month to 52,680,000 Yen, and are now 1.0% higher than last year.

Apartment prices in Osaka’s central 6 wards have fallen slightly from last month but are up 5.9% from last year.

About the data:

Data is collected from the asking prices of secondhand apartments listed in Tokyo Kantei’s database. For a standard comparison, the average price per square meter is used to calculate the price for a 70 sqm apartment. Apartments below 30sqm are not included, neither are offices or retail spaces

Actual selling prices are typically lower than asking prices, so actual sales figures may be lower.

Source: Tokyo Kantei, June 20, 2013 ()

 

 

 

 

 

 

 

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