Archive For The “Market Information” Category

Foreign funds spend 1.1 trillion Yen on Japanese real estate in 2017

In 2017, foreign corporations and funds spent a total of 1.1 trillion Yen (approx. 9.7 billion USD) on real estate acquisitions across Japan, a three-fold increase from 2016 and the first time that the annual volume has exceeded one trillion Yen.

Tokyo apartment sale prices increase for 63rd month

Tokyo apartment sale prices increase for 63rd month

According to REINS 3,011 second-hand apartments were sold across Greater Tokyo in December 2017, up 3.7% from the previous month and up 0.6% from the previous year. The average sale price was 33,200,000 Yen, up 3.7% from the previous month and up 6.3% from 2016. The average price per square meter was 519,400 Yen, up…

Our Japan Property Market Report for 2017

Our annual property market report for the past year can be downloaded in PDF format below. We continued to see property prices rise in 2017, while transactions hit new highs. The luxury residential market in Tokyo has been a star performer and developers are starting to increase their offerings of high-end apartments to cater to…

Supply of new apartments in greater Tokyo to increase in 2018

According to a forecast by the Real Estate Economic Institute, a total of 38,000 brand new apartments are expected to be released for sale across greater Tokyo in 2018, up 4.4% from 2017 and the second year in a row to see an increase. Depending on demand for buyers eager to purchase before the consumption…

Tokyo Apartment Sales in December 2017

Tokyo Apartment Sales in December 2017

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of December 2017:

Apartment asking prices in Tokyo in November 2017

Apartment asking prices in Tokyo in November 2017

According to Tokyo Kantei the average asking price of a 70 sqm (753 sq ft) apartment across greater Tokyo was 36,210,000 Yen in November, up 1.1% from the previous month and up 2.1% from last year. The average building age was 23.1 years. In Tokyo’s 23 wards the average asking price was 53,320,000 Yen, up…

Tokyo facing office space shortage in prime buildings

Tokyo facing office space shortage in prime buildings

Office vacancy rates in central Tokyo’s business districts continue to shrink with Jones Lang Lasalle reporting almost no vacancies in the main office buildings in the Marunouchi district. After reaching a high of 9.43% in mid-2012, vacancy rates in Tokyo’s central five business districts were down to 3.03% last month – a level last seen…

New apartment prices in Tokyo increase for 8th month

New apartment prices in Tokyo increase for 8th month

According to the Real Estate Economic Institute, 3,366 brand new apartments were released for sale across greater Tokyo in November, up 19.5% from the previous month and up 24.6% from last year. The average sale price was 55,510,000 Yen, down 0.6% from the previous month but up 7.6% from last year. The average price per…

Tokyo apartment sale prices increase for 62nd month

Tokyo apartment sale prices increase for 62nd month

According to REINS, 2,904 second-hand apartments were sold across greater Tokyo in November, down 6.4% from the previous month and down 2.7% from last year. The average sale price was 32,020,000 Yen, down 0.2% from the previous month but up 1.6% from last year. The average price per square meter was 502,000 Yen, up 0.1%…

Tokyo Apartment Sales in November 2017

Tokyo Apartment Sales in November 2017

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of November 2017:

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