According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment across greater Tokyo was 35,720,000 Yen in May, up 0.3% from the previous month and up 3.5% from last year. The average building age was 22.8 years.
In the Tokyo metropolitan area, the average asking price was 48,220,000 Yen, down 0.4% from the previous month but up 1.2% from last year. The average building age was 22.3 years.
In Tokyo’s 23 wards, the average asking price was 53,170,000 Yen, down 0.1% from the previous month but up 0.9% from last year. The average building age was 22.2 years.
In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya) the average asking price was 73,360,000 Yen, up 0.5% from the previous month and up 2.7% from last year. Thea average building age was 20.0 years.
Asking prices across Japan:
|Greater Tokyo||35,720,000 Yen (+0.3% from Apr. 2017; +3.5% from May 2016)|
|Tokyo||48,220,000 Yen (-0.4%; +1.2%)|
|Kanagawa Prefecture||28,140,000 Yen (+1.0%; +4.9%)|
|Saitama Prefecture||21,370,000 Yen (+1.5%; +6.1%)|
|Chiba Prefecture||19,160,000 Yen (-0.4%; +4.4%)|
|Kinki Region||21,180,000 Yen (+0.1%; +5.6%)|
|Osaka||22,950,000 Yen (+1.1%; +4.5%)|
|Hyogo Prefecture||18,550,000 Yen (-1.0%; +5.9%)|
|Chubu Region||17,000,000 Yen (0.0%; +5.5%)|
|Aichi Prefecture||18,230,000 Yen (0.0%; +6.2%)|
Apartment asking prices by city:
|Tokyo 23 wards||53,170,000 Yen (-0.1% from Apr. 2017; +0.9% from May 2016)|
|Yokohama City||30,050,000 Yen (+0.9%; +4.2%)|
|Saitama City||25,410,000 Yen (+1.7%; +8.3%)|
|Chiba City||17,550,000 Yen (+2.1%; +2.7%)|
|Osaka City||28,440,000 Yen (+1.0%; +0.7%)|
|Kobe City||18,800,000 Yen (-0.7%; +5.6%)|
|Nagoya City||21,580,000 Yen (+0.5%; +6.0%)|
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 May.
Source: Tokyo Kantei, June 22, 2017.