apartment market in Tokyo

Apartment Market Trends in the Tokyo Metropolitan Area – May 2018 –

«Apartment Market Trends in the Tokyo Metropolitan Area» - May 2018 -

Source: Real-Estate economic Lab


2,462 units, down 5.4%, decreased for 2 consecutive months. The contract rate also decreased by 10P to 62.2%.

60.3 million yen per door, ㎡ unit price 895,000 yen, both up for the first time in 2 months.

(1) Sales in May were 2,462 units, a decrease of 5.4% compared with the same month of the previous year (2,603 ​​units), a 5.1% increase compared with the previous month (2 342 units).

(2) contract rate 62.2%, down 10.0 points compared to the same month of the previous year, down 0.8 points from the previous month.
'63.0% in April 2006, 74.7% in February, 65.0% in January, 65.2% in January, 72.5% in December 2005, 67.9% in November, 60.7% in October, 64.9% in September, 68.2% in August , 71.9% in July, 67.2% in June,
May 72.2%.

(3) The price per unit is 60.3 million yen, the unit price per 1 m 2 is 895,000 yen.
Up by 490,000 yen (0.8%) per unit of household sales compared with the same month of the previous year, the unit price of ㎡ has been increased by 34,000 yen (3.9%).

(4) The number of stocks sold was 6,377 units, a decrease of 66 units from the end of the previous month (6,443 units at the end of April 18, 6,422 at the end of May 2005).

(5) No item sold out on the same day

(6) The number of super high-rise apartments (over 20 stories) in May was 362 in 19 properties (120.7% increase), contract rate 67.1% (previous year, 11 properties 164 units, contract rate 62.8%).