According to Tokyo Kantei the average asking price of a 70 sqm (753 sq.ft) second-hand apartment across greater Tokyo was 37,100,000 Yen in November 2018, up 2.3% from the previous month and up 2.5% from the previous year. The average building age was 24.4 years.
In Tokyo’s 23 wards the average asking price was 54,380,000 Yen, up 0.7% from the previous month and up 2.0% from 2017. The price has exceeded a previous record high of 54,060,000 Yen recorded in August. The average building age was 24.2 years.
Asking prices in Chiba City were down 0.7% from the previous month and down 2.4% from 2017.
In central Tokyo’s six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya) the average asking price was 75,560,000 Yen, up 0.2% from the previous month and up 2.6% from 2017.
Source: Tokyo Kantei, December 20, 2018.
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