Less than 2% of apartments in Tokyo are over 110 sqm

According to research firm MRC, less than 2% of the apartments built for sale in Tokyo’s 23 wards between 2002 and 2016 were over 110 square meters (1,184 sq ft) in size. Almost 80% of apartments supplied were below 80 sqm (861 sq ft) in size.

The typical size of a 3-Bedroom apartment is around 70 sqm (753 sq ft). Buyers looking for spacious apartments over 100 sqm will find supply incredibly limited. Prices, too, will be comparatively high since apartments over 100 sqm are considered to be luxury-grade and are often only found on upper floors or in high-end buildings.

100 sqm+ apartments also reportedly have the best resale potential. The average re-sale value of an apartment over 100 sqm was 23.6% more than when it was brand new, while apartments in the 70 sqm range had an average increase of 14.0%. Apartments below 50 sqm saw little-to-no change in value.

110 sqm+ apartments by location:

MINATO-KU
5.6% of sale listings are over 110 sqm.
70.4% of sale listings are under 80 sqm.
Average price (apartment over 110 sqm):1,653,000 Yen/sqm
      – Building under 20 years old:1,954,000 Yen/sqm
      – Building under 10 years old:2,512,000 Yen/sqm
      – Built to old earthquake codes:922,000 Yen/sqm
      – Average building age:20.1 years

 

CHIYODA-KU
7.4% of sale listings are over 110 sqm.
71.7% of sale listings are under 80 sqm.
Average price (apartment over 110 sqm):1,574,000 Yen/sqm
      – Building under 20 years old:2,016,000 Yen/sqm
      – Building under 10 years old:2,062,000 Yen/sqm
      – Built to old earthquake codes:857,000 Yen/sqm
      – Average building age:21.6 years

 

SHIBUYA-KU
5.3% of sale listings are over 110 sqm.
78.5% of sale listings are under 80 sqm.
Average price (apartment over 110 sqm):1,591,000 Yen/sqm
      – Building under 20 years old:1,886,000 Yen/sqm
      – Building under 10 years old:1,925,000 Yen/sqm
      – Built to old earthquake codes:1,006,000 Yen/sqm
      – Average building age:20.4 years

 

CHUO-KU
1.8% of sale listings are over 110 sqm.
85.5% of sale listings are under 80 sqm.
Average price (apartment over 110 sqm):1,186,000 Yen/sqm
      – Building under 20 years old:1,260,000 Yen/sqm
      – Building under 10 years old:1,295,000 Yen/sqm
      – Built to old earthquake codes:631,000 Yen/sqm
      – Average building age:13.8 years

 

SHINJUKU-KU
2.4% of sale listings are over 110 sqm.
87.9% of sale listings are under 80 sqm.
Average price (apartment over 110 sqm):956,000 Yen/sqm
      – Building under 20 years old:1,053,000 Yen/sqm
      – Building under 10 years old:934,000 Yen/sqm
      – Built to old earthquake codes:552,000 Yen/sqm
      – Average building age:21.6 years

 

SHINAGAWA-KU
1.6% of sale listings are over 110 sqm.
85.1% of sale listings are under 80 sqm.
Average price (apartment over 110 sqm):813,000 Yen/sqm
      – Building under 20 years old:1,141,000 Yen/sqm
      – Building under 10 years old:1,284,000 Yen/sqm
      – Built to old earthquake codes:600,000 Yen/sqm
      – Average building age:22.8 years

 

MEGURO-KU
1.9% of sale listings are over 110 sqm.
84.8% of sale listings are under 80 sqm.
Average price (apartment over 110 sqm):1,061,000 Yen/sqm
      – Building under 20 years old:1,689,000 Yen/sqm
      – Building under 10 years old:2,107,000 Yen/sqm
      – Built to old earthquake codes:698,000 Yen/sqm
      – Average building age:28.4 years

 

SETAGAYA-KU
1.6% of sale listings are over 110 sqm.
79.4% of sale listings are under 80 sqm.
Average price (apartment over 110 sqm):746,000 Yen/sqm
      – Building under 20 years old:954,000 Yen/sqm
      – Building under 10 years old:1,019,000 Yen/sqm
      – Built to old earthquake codes:563,000 Yen/sqm
      – Average building age:22.8 years
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