Archive For The “Market Information” Category

Roppongi has the lowest rental yields in Tokyo

Roppongi has the lowest rental yields in Tokyo

According to Tokyo Kantei, brand new apartments within walking distance of Roppongi Station had the lowest rental yields in greater Tokyo with an estimated gross return of 2.34%. Across greater Tokyo the average gross yield on a new apartment was 4.44%, and as high as 6.19% for 30 year old apartments. Yields reflect risk and…

Average rent in Tokyo drops for 4th month in a row

Average rent in Tokyo drops for 4th month in a row

According to Tokyo Kantei, the average monthly rent of a condominium in Tokyo’s 23 wards was 3,308 Yen/sqm in October, up 0.6% from the previous month but down 0.7% from last year. This is the 4th month in a row to record a year-on-year decline in rents.

New apartment prices in Tokyo increase for 7th month

New apartment prices in Tokyo increase for 7th month

According to the Real Estate Economic Institute, 2,817 brand new apartments were released for sale across greater Tokyo in October, down 5.4% from the previous month and down 3.0% from last year. The average sale price was 55,860,000 Yen, down 4.1% from the previous month but up 3.3% from last year. The average price per…

Tokyo apartment sale prices increase for 61st month

Tokyo apartment sale prices increase for 61st month

According to REINS, 3,103 second-hand apartments were sold across greater Tokyo in October, down 3.7% from the previous month and down 7.1% from last year. The average sale price was 32,090,000 Yen, down 0.5% from the previous month but up 2.3% from last year. The average sale price per square meter was 501,600 Yen, down…

A third of apartments in central Tokyo sell at full asking price

A third of apartments in central Tokyo sell at full asking price

A common question we get from buyers is how much of a discount can they get on the asking price of a property. The honest answer is that it varies. Some properties will sell at their full asking price, while others may sell at a discount. Typically two-thirds of all reported apartment sales in central…

Tokyo Apartment Sales in October 2017

Tokyo Apartment Sales in October 2017

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

Banks urged to take care when lending on investment properties

According to Japan’s Financial Services Agency’s Financing Report, the average vacancy rate for investment-grade apartment buildings is estimated to be around 7%. For ‘apaato’-type buildings less than 5 years old, the average vacancy rate was just 2.6%, but for a 10-year old building it was 7.1% and 11.6% for 20-year old buildings. As buildings age,…

Apartment development focusing on city centers as buyers shun suburbs

Apartment development focusing on city centers as buyers shun suburbs

In Tokyo’s 23 wards, 4.98% of the land is being used for condominium buildings, an increase of 1.02 points over the past 10 years. The ratio is higher in central Tokyo, with some districts having a ratio of around 9%, signaling a clear shift towards living closer to the office and city center. The report,…

New apartment prices in Sendai City fall 5% in the first half of 2017.

New apartment prices in Sendai City fall 5% in the first half of 2017.

According to DG Communications, the average price of a new apartment in Sendai City in the first half of 2017 was 42,940,000 Yen, down 4.8% from last year.  The average price for the year of 2017 is also expected to decrease from last year, marking the first decline since 2011. Following the 2011 earthquake, a…

Apartment asking prices across greater Tokyo drop slightly in September

Apartment asking prices across greater Tokyo drop slightly in September

According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) apartment across greater Tokyo was 35,550,000 Yen in September 2017, down 0.3% from the previous month but up 0.7% from last year. The average building age was 23.1 years. In Tokyo’s 23 wards the average asking price was 52,920,000 Yen,…

Go Top