According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq.ft) second-hand apartment in greater Tokyo in January 2016 was 33,370,000 Yen, up 2.1% from the previous month and up 15.1% from January 2015. The average building age was 22.1 years.
In the Tokyo metropolitan area, the average price was 46,420,000 Yen, up 0.4% from the previous month and up 17.4% from last year. This is the 19th month in a row to see a month-on-month increase. The average building age was 21.7 years.
In Tokyo’s 23 wards, the average price was 51,620,000 Yen, up 0.4% from the previous month and up 17.3% from last year. This is also the 19th consecutive month to see a month-on-month increase. The average building age was 21.7 years.
In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya) the average asking price was 71,370,000 Yen, down 0.1% from the previous month but up 15.1% from last year. This is the first time in 7 months to see a decline in the price from the previous month. Chiyoda and Shibuya wards both recorded a fall in prices, while Minato and Chuo wards saw slight increases. The average building age was 20.3 years.
Asking prices across Japan:
|Greater Tokyo||33,370,000 Yen (+2.1% from Dec. 2015; +15.1% from Jan. 2015)|
|Tokyo||46,420,000 Yen (+0.4%; +17.4%)|
|Kanagawa Prefecture||25,810,000 Yen (+0.3%; +5.0%)|
|Saitama Prefecture||19,820,000 Yen (+1.2%; +7.4%)|
|Chiba Prefecture||18,490,000 Yen (+2.3%; +0.8%)|
|Kinki Region||19,610,000 Yen (+0.2%; +7.5%)|
|Osaka||20,880,000 Yen (+0.3%; +12.4%)|
|Hyogo Prefecture||17,960,000 Yen (-0.1%; +1.6%)|
|Chubu Region||15,880,000 Yen (+1.0%; +4.5%)|
|Aichi Prefecture||16,880,000 Yen (+0.9%; +5.9%)|
Apartment asking prices by city:
|Tokyo 23 wards||51,620,000 Yen (+0.4% from Dec. 2015; +17.3% from Jan. 2015)|
|Yokohama City||27,680,000 Yen (+0.2%; +6.5%)|
|Saitama City||23,230,000 Yen (+1.1%; +9.7%)|
|Chiba City||16,860,000 Yen (+2.2%; -0.4%)|
|Osaka City||26,340,000 Yen (+0.6%; +19.0%)|
|Kobe City||18,590,000 Yen (+0.9%; +4.3%)|
|Nagoya City||19,990,000 Yen (+0.1%; +7.4%)|
Apartment asking prices in Tokyo, Osaka and Nagoya:
|Tokyo central 6 wards||71,370,000 Yen (-0.1% from Dec. 2015; +15.1% from Jan. 2015)|
|Jyonan, Jyosai 6 wards||51,490,000 Yen (+0.6%; +10.5%)|
|Jyohoku, Jyoto 11 wards||38,660,000 Yen (+0.3%; +14.2%)|
|Osaka central 6 wards||35,570,000 Yen (-0.4%; +20.5%)|
|Nagoya central 3 wards||23,970,000 Yen (-1.8%; +2.1%)|
About the data:
- Tokyo central 6 wards: Chiyoda, Chuo, Minato, Shinjuku, Bunkyo, Shibuya.
- Jyonan, Jyosai 6 wards: Shinagawa, Meguro, Ota, Setagaya, Nakano, Suginami.
- Jyohoku, Jyoto 11 wards: All other wards in Tokyo.
- Osaka central 6 wards: Fukushima, Nishi, Tennoji, Naniwa, Kita, Chuo.
- Nagoya central 3 wards: Naka, Higashi, Chikusa.
The data above is based on advertised prices which may be higher than actual prices after negotiations. Click here to read the REINS report about actual sale prices in January.
Source: Tokyo Kantei, February 22, 2016.