Average Price of a Pre-Owned Apartment in Greater Tokyo Reaches a Record High

The average listing price of a pre-owned condominium in the greater Tokyo area rose 10.1% year-on-year to reach ¥40,440,000 ($366,000) in May, a record high. This is according to Tokyo Kantei’s June nationwide pre-owned apartment market report. The May figure... More

Average Sales Price of a New Apartment in Tokyo Falls for the First Time in 3 Months

The average sales price of a newly constructed apartment in greater Tokyo fell year-on-year for the first time in three months to ¥69,340,000 ($627,000 USD), dragged down by an 11.4% drop in the average sales prices of condominiums sold in... More

4 reasons why sales of pre-owned homes in Tokyo are surging

The pre-owned home market in Japan, including both apartments and single-family homes, has traditionally played second fiddle to the market for newly built condominiums and freestanding houses in that the majority of residential home sales in Japan still consists of... More

Kansai new apartment prices in April hit levels not seen since the bubble era

The average sales price of a newly constructed apartment in Japan’s Kansai region hit ¥53,560,000 ($492,400) last month, the highest per unit sales price recorded since May 1992, when the average sales price reached ¥53,580,000 (after having fallen from a... More

Average Sale Price of a New Apartment in Greater Tokyo Leaps 24.9% in April

The average sales price of a newly constructed apartment sold in greater Tokyo in April jumped 24.9% year-on-year to hit ¥77,640,000 ($712,500 USD). This occurred amidst a hefty number of apartments being brought online by developers last month, with 2,089... More

Kansai buyers scooped up new apartments last month, as average sale prices fall year-on-year

The average sales price of a newly constructed apartment in the Kansai region, which includes Osaka, Kyoto, and Kobe, averaged ¥42,260,000 ($389,700 USD) in March, an increase compared to the average sales price in February (of ¥39,540,000), but a drop... More

Sales of Pre-Owned Apartments and Houses in Greater Tokyo Hit Record High in 2021

Sales of pre-owned condominiums and single-family homes in greater Tokyo had a blockbuster start to 2021, recording the highest number of sold units ever recorded for the January to March period, since the Real Estate Information Network for East Japan... More